"Hong Kong Stocks" Hang Seng Index opened high at 63 points, car stocks performed well, SMIC fell after earnings

In December last year, the preliminary retail performance in the United States fell short of expectations, with the Dow Jones Industrial Average in the US stock market rising by 52 points or 0.1% in anticipation of interest rate cuts. The Hong Kong stock market opened higher in the morning. The Hang Seng Index opened up 63 points or 0.2%, reporting 27,246 points; the National Index opened up 15 points or 0.2%, reporting 9,258 points; the Hang Seng Tech Index opened up 11 points or 0.2%, reporting 5,462 points.

MSCI announced changes to the China Index, with SenseTime (02020.HK) and Hesai (02525.HK) opening up 2% and 7.5% respectively. Pony.ai (02026.HK), which was also added, opened up 0.4%, while Yangtze Optical Fibre and Cable (06869.HK) opened down 3.6%.

SMIC (00981.HK) reported a 60.7% year-on-year increase in net profit for the last quarter, but Credit Lyonnais indicated that the company's gross margin guidance for the first quarter of this year is 18%-20%, slightly below the market expectation of 20.9%, leading to a 2.4% drop in stock price. China Literature (00772.HK) expects its IFRS loss last year to expand to at least 750 million RMB, with its stock price opening down 4%. Baidu's APP Wenxin Assistant saw its monthly active users increase fourfold year-on-year, leading Baidu (09888.HK) to open up 1.2%. Alibaba's Qianwen 3 billion free order cards are about to run out, with Alibaba (09988.HK) opening up 0.5% at 161.3 HKD.

In other tech stocks, Tencent (00700.HK) opened down 1.5% at 543 HKD, while Kuaishou (01024.HK), JD.com (09618.HK), and Baidu (09888.HK) opened up between 0.9% and 1.3%. Bilibili (09626.HK) opened up 1.9%. Meituan (03690.HK) opened down 0.5%, NetEase (09999.HK) opened flat at 193 HKD, and Hua Hong Semiconductor (01347.HK) opened up 0.5%.

In the automotive sector, BYD (01211.HK) opened up 1.3%. Nio (09866.HK) aims to achieve full-year profitability on a Non-GAAP basis this year, with its stock price opening up 1.7%. Lei Jun stated that the first-generation Xiaomi SU7 has delivered nearly 370,000 units, with Xiaomi opening up 0.6%.

In the financial sector, HSBC (00005.HK) opened down 0.4% at 139.7 HKD, while the Hong Kong Stock Exchange (00388.HK) and AIA (01299.HK) opened up 0.7%. Standard Chartered (02888.HK) opened down 2.5% at 193 HKD.

Zhaojin (01818.HK) is orderly handling the aftermath of the Cangzhuang gold mine accident, with its stock price opening down 1.5%. Chow Tai Fook (01929.HK) confirmed that gold products in its mainland stores will increase in price, with its stock price opening up 0.8%. PCCW (00008.HK) narrowed its annual loss to 253 million HKD, maintaining a final dividend of 28.48 cents, with its stock price opening down 1% at 6.07 HKD. Television Broadcasts (00511.HK) is expected to turn a profit of over 50 million HKD last year, with EBITDA increasing by 18.6% year-on-year, and its stock price opening up 10.2% at 3.25 HKD