
"Hong Kong Stocks" The Hang Seng Index rose 88 points in the half-day, with Alibaba and Xiaomi gaining, and POP MART rising over 6%
On the evening of the 22nd, the Dow Jones Industrial Average rose by 0.6%, and the Nasdaq increased by 0.9%. The Hong Kong stock market rose in the early session, with the Hang Seng Index opening up 231 points, later expanding its gains to 265 points, reaching 26,895 points. The index rose by 88 points or 0.33%, closing at 26,718 points; the National Index rose by 30 points or 0.3%, closing at 9,145 points; the Hang Seng Tech Index rose by 7 points or 0.1%, closing at 5,769 points. The total turnover of the market for the half-day was HKD 127.938 billion.
It is reported that Alibaba (09988.HK) has decided to support its chip company for independent listing, with Alibaba rising by 2.6% to HKD 169.1. The "four domestic GPU dragons," Suiruan Technology's IPO on the mainland Science and Technology Innovation Board has been accepted, and chip stocks retreated along with mainland chip stocks, with SMIC (00981.HK) and Hua Hong (01347.HK) falling by 0.8% and 2.2%. InnoCare (02577.HK) and Tianshu Zhixin (09903.HK) fell by 3.1% and 7.4%, while chip equipment stock ASMPT (00522.HK) fell by 3.5%.
In other tech stocks, Tencent (00700.HK) and Baidu (09888.HK) fell by 0.1% and 0.6%, NetEase (09999.HK) fell by 1.7%, while Meituan (03690.HK), Kuaishou (01024.HK), and Bilibili (09626.HK) rose by 0.1% to 0.6%. JD.com (09618.HK) rose by 1.4%, and New Oriental (09901.HK) rose by 2.8%. Additionally, CloudWalk (09678.HK) and Zhiyu (02513.HK) fell by 4.8% and 3.9%, while Envision (03696.HK) rose by 5.3%, and GDS (09698.HK) and Jingwei (02228.HK) rose by 3.4%.
In the financial sector, HSBC (00005.HK) fell by 0.2%, while Hong Kong Exchanges and Clearing (00388.HK) and AIA (01299.HK) rose by 0.6% and 0.1%. Reports indicate that POP MART (09992.HK) is releasing a Valentine's Day limited edition of "Star People," with hidden versions priced nearly 7 times higher, leading to a 6.5% increase in POP MART's stock.
In the automotive sector, BYD (01211.HK) fell by 1%. Xiaomi (01810.HK) announced a HKD 2.5 billion share buyback plan, with its stock price rising by 2.5%. Autonomous driving stocks WeRide (00800.HK) and Pony.ai (02026.HK) rose by 5.6% and 6.0%. Lithium stocks Tianqi Lithium (09696.HK) and Ganfeng Lithium (01772.HK) rose by 3% and 5.3%. The robotics concept stock Maxon Motor (00179.HK) reported operational data below market expectations, causing its stock price to fall by 7%. Sanhua Intelligent Control (02050.HK) and Suoteng Juchuang (02498.HK) fell by 3.4% and 3% Gold prices rose, with China Gold International (02099.HK) and Zijin Mining International (02259.HK) up 4.5% and 5.1%, respectively. Jewelry retail stock Lao Pu Gold (06181.HK) increased by 7.3%. Minmetals Resources (01208.HK) surged 10%, with the company’s copper production last year growing 27% year-on-year. Morgan Stanley reported that the company’s copper production this year may exceed the guidance of a maximum 4% year-on-year increase. Oil prices declined, with PetroChina (00857.HK) and CNOOC (00883.HK) each falling over 2%, and natural gas stock Kunlun Energy (00135.HK) down 3.1%. Environmental energy stocks rose, with Goldwind (02208.HK) up 9%, GCL-Poly Energy (03800.HK) and Flat Glass Group (06865.HK) rising 7.5% and 8.1%, respectively, and Xinyi Solar (00968.HK) up 5.9%.
In other stocks, airline stocks China Southern Airlines (01055.HK) fell 2%, China Eastern Airlines (00670.HK) dropped 2.9% and 3.9%. Home appliance stock Hisense (00921.HK) decreased by 4.4%. Pharmaceutical stocks Kelun-Biotech (06990.HK), Ying'en (09606.HK), and CanSino (09926.HK) rose between 3.7% and 5.1%. MicroPort Medical (00853.HK) forecasted a turnaround, earning at least USD 20 million last year, with its stock price rising 3.6%. MTR Corporation (00066.HK) and SANY Heavy Industry (06031.HK) increased by 2.5% and 4.7%, respectively

