"Hong Kong Stocks" Hong Kong stocks closed up 138 points in the half-day market, Luoyang Molybdenum and Laopu Gold rose 6%, and the Hang Seng Index has accumulated a 32% increase in the Year of the Snake

U.S. inflation last month was lower than expected, while core inflation met expectations. The Dow Jones Industrial Average rose 0.1% last Friday (13th). The Hong Kong stock market today (16th) showed a good half-day performance, with the Hang Seng Index opening down 65 points, initially falling 184 points to a low of 26,382 points before turning upward, rising 167 points to a high of 26,734 points, and closing up 138 points or 0.5% at 26,705 points; the National Index rose 37 points or 0.4%, closing at 9,070 points; the Hang Seng Tech Index rose 7 points or 0.1%, closing at 5,367 points. The total turnover for the half-day market was HKD 84.997 billion.

Summarizing the Year of the Snake, the Hang Seng Index accumulated a rise of 6,480 points or 32%, marking the best performance ever in a Year of the Snake. In the past four Years of the Snake, the Hang Seng Index had always declined.

The quarterly review of the Hang Seng Index included CATL (03750.HK), CMOC (03993.HK), and LAOPU GOLD (06181.HK), while Zhongsheng (00881.HK) was excluded. CATL rose 2.7%, CMOC and LAOPU GOLD rose 6.4% and 6.6%, respectively, while Zhongsheng fell 0.2%. Beike-W (02423.HK) and Horizon-W (09660.HK), which were included in the National Index, saw Beike fall 2.1% and Horizon rise 0.9%. China Resources Beer (00291.HK) and Mengniu (02319.HK), which were excluded from the National Index but retained their Hang Seng Index component status, saw the former fall 0.6% and the latter rise 0.5%.

Sands China (01928.HK) reported a 0.7% decline in adjusted property EBITDA last year, with its stock price rising 2.7%. Anta (02020.HK) received written approval from shareholders for the acquisition of approximately 29% of PUMA's shares, with its stock price falling 0.2%. The U.S. Department of Defense reportedly withdrew the "Chinese Military Enterprises List" for the second time, with Alibaba-W (09988.HK) falling 0.5% and Baidu-SW (09888.HK) rising 1.3%. BYD (01211.HK) and Nio-SW (09866.HK) rose 0.1% and 0.3%, respectively.

In other tech stocks, Meituan-W (03690.HK) issued a profit warning, expecting to turn a loss of at least RMB 23.3 billion last year, and indicated that the loss trend would continue this quarter, with the stock closing slightly down 0.1%. Tencent (00700.HK) rose 0.2% to HKD 533, while Kuaishou-W (01024.HK) and JD-SW (09618.HK) fell 0.1% and 0.5%, respectively. Bilibili-W (09626.HK) and NetEase-S (09999.HK) rose 0.7% and 0.9%. Tencent Music-SW (01698.HK) and Xindong (02400.HK) rose 4.8% and 3.6%. AI stocks Zhizhu (02513.HK) and Envision (03696.HK) rose 4.7% and 4.6%, while MiniMax-WP (00100.HK) surged 24.6%. Among chip stocks, SMIC (00981.HK) fell 0.6%, while Hua Hong (01347.HK) rose 1.2% The wire stock Changfei Fiber Optics (06869.HK) rose 4.3%. The car stock Xiaomi-W (01810.HK) fell 0.5%, while Leapmotor (09863.HK) and Seres (09927.HK) fell 3% and 3.2%.

U.S. media reported that the U.S. supports Israel in attacking Iran's ballistic missile program, leading to a rise in oil stocks. CNOOC (00883.HK) rose 3.7%, and China Oilfield Services (01138.HK) rose 5.8%. Gold stocks rose, with Shandong Gold (01787.HK) and Zhaojin (01818.HK) rising 3.3% and 3.1%, respectively. China Gold International (02099.HK), Zijin (02899.HK), and Lingbao (03330.HK) rose between 4.7% and 4.8%. Commodity stocks Jiangxi Copper (00358.HK), Minmetals Resources (01208.HK), Hongqiao (01378.HK), and Chalco (02600.HK) rose between 3.7% and 3.9%. Jiexin International Resources (03858.HK) fell 4.9% against the trend.

In the financial sector, HSBC (00005.HK) fell 1.1%, Hong Kong Exchanges and Clearing (00388.HK) rose 0.9%, and AIA (01299.HK) rose 2.6%. Domestic insurance stocks China Taiping (00966.HK) and PICC (01339.HK) each rose over 2%. In other stocks, restaurant stock Yum China (09987.HK) fell 4.6%, movie stock Maoyan (01896.HK) fell 4.7%, and duty-free store China Duty Free (01880.HK) rose 3%. JD Industrial (07618.HK) fell 5.7%, while Techtronic Industries (00669.HK) and Conch Venture (00586.HK) rose 3.5% and 8.1%