MS-HSI @EP2603C

Hong Kong Monetary Authority's Assessment and Outlook of Hong Kong's Economy

Hang Seng Index Night Futures (February) Up 38 Points

HSI Futures Midday Decline Expands to 1%

Hong Kong Futures Open Up 0.05% at 26820 Points

HSI Ends Two-Day Losing Streak, Rises by Nearly 140 Points

HSI Futures Night Session Closed Up 1.04% at 26,778.91

HKMA Injects HKD 4.73 Billion in Liquidity

Hang Seng Index Futures Feb and Mar Contracts Ended Higher

HSI Futures Open Down 0.45% at 26,383.50 Points

Hang Seng Index Futures Open 1.24% Lower in Day Session

Update on HSCEI Bull and Bear Street Position Distribution

HSI Futures Evening Session Closes Down 1.05% at 26703

14 Provinces Implement Electronicized Notarized Documents for Hong Kong Investors

Central Bank of UAE and HKMA Hold Financial Services Cooperation Meeting

HSI Night Index Rises by 168 Points

Update on Bull and Bear Warrant Street Positions of Hang Seng Index

Hong Kong Dollar Hibor 普遍下跌创近期新低

HSI Futures Day Session Opens Up 1.98% at 27,069.32

Hong Kong Futures Night Session Rises by 1.85%

Hang Seng Index Futures Night Session Rises 1.8%, Closes at 27053 Points

STARCOIN GROUP

DAISHOMICROLINE

IDT INT'L

GUANZE MEDICAL

BOER POWER

KNOWLEDGE ATLAS

CHINA INFO TECH

QINGHUA HOLD

SUPER STRONG

HAIZHI TECH GP

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00HSI

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The Hang Seng Index fell 0.58% this week to 26413.35, down 153.77 points. It has declined in two of the past three weeks and is off 20.33% from its record close of 33154.12 in January 2018. Today's closing value is the fifth lowest this year and the lowest since January 2026. Year-to-date, the index is up 3.05%, while month-to-date, it is down 3.56%.

MorningStar

CSOP HSI ETF

FI2 CSOP HSI

FL2 CSOP HSI

Hang Seng Index

TRACKER FUND

ISHARESHSI

FI CSOP HSI

ISHARESHSI-U

Hang Seng Index Falls 0.58% This Week to 26413.35 — Data Talk

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Hong Kong's jobless rate increased by 0.1 percentage point to 3.9% over the past three months, with rising unemployment in the insurance, construction, and finance sectors. Despite this, labor authorities remain optimistic about the job market due to economic growth. The underemployment rate remained at 1.7%. Secretary for Labour and Welfare Chris Sun noted that while some sectors face challenges, the overall labor market is expected to benefit from sustained economic momentum. Approximately 138,400 people were unemployed in the November-January period, with notable increases in specific sectors.

- Hong Kong's unemployment rate rose by 0.1 percentage points to 3.9% over the past three months, notably increasing in the insurance, construction, and financial sectors.  
- The Labour Department remains optimistic, suggesting that economic growth will support future employment, despite certain industries facing challenges.  
- Recent data indicates that approximately 138,400 individuals were unemployed from November to January, a slight increase from the previous quarter, with varying unemployment rates across different sectors.

南华早报

ChinaAMC Hang Seng ETF

Hong Kong’s jobless rate edges up to 3.9% over past 3 months

Hong Kong's residential property market is expected to continue its recovery and expansion in the Year of the Horse, following gains made in the Year of the Snake. Real estate agencies report a significant rebound driven by policy easing and stock market gains. Property transactions reached 87,506, valued at HK$678 billion, marking a 31% increase from the previous year. Home prices rose 7.3%, with Kowloon seeing the highest gains. Analysts predict further price increases post-Lunar New Year, supported by favorable government policies and lower interest rates.

Hong Kong’s property market to build on gains in the Year of the Horse: agents

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The Deputy Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region Government, Chan Ho Lam, stated that the government is making every effort to promote Hong Kong as an international gold trading center, with the goal of exceeding 2,000 tons of gold storage capacity within three years and establishing a regional gold reserve hub. Currently, there are 15 warehouses recognized by the London Metal Exchange operating in Hong Kong, and the Hong Kong Stock Exchange will deepen its connectivity and development with the Guangzhou Futures Exchange and other commodity markets in the mainland

Wallstreetcn

HKEX

VALUEGOLD ETF

SPDR GOLD TRT-U

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

EFUND GOLD MI-R

EFUND GOLD MI ETF

EFUND GOLD MI-U

SPDR GOLD TRT

SPDR GOLD TRT-R

ChinaAMC Gold ETF

The Deputy Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region Government: The goal is to exceed 2,000 tons in three years to expand gold storage in Hong Kong and establish Hong Kong as a regional gold reserve hub

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The Currency Board in Hong Kong has verified that the Hong Kong Dollar (HKD) markets are operating smoothly, with the exchange rate currently trading between 7.7673 and 7.7900 against the US Dollar (USD). The Aggregate Balance has remained stable at HK$54 billion.

Unusual Whales

China Southern Hang Seng ETF Feeder Fund-A

Tianhong Hang Seng TECH ETF(QDII)

China Southern Hang Seng ETF

HSTECH ETF

HKMA observes stable HKD trading as monetary base reaches HK$2.04T. Exchange rate at 7.7673-7.7900. Aggregate Balance at HK$54B.

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Hong Kong shares fell 1.1% after the Lunar New Year break, with technology stocks leading the decline amid geopolitical tensions between the U.S. and China. The Hang Seng Index closed at 26,413.35, while the Hang Seng China Enterprises Index dropped 1.22% to 8,959.56. PetroChina was the top gainer, up 3.7%, while JD Health International Inc was the biggest loser, down 6.27%. Humanoid robot-related stocks saw gains, with Knowledge Atlas Technology soaring 42.72%.

- Hong Kong shares declined on Friday after the Lunar New Year break, influenced by a drop in technology stocks amidst U.S.-China tensions.  
- The Hang Seng Index fell 1.1% to 26,413.35, with PetroChina as the top gainer, up 3.7%, while JD Health International was the biggest loser at a 6.27% drop.  
- Humanoid robot-related stocks rose, showcasing China's industrial ambitions, highlighted by a 42.72% increase in Knowledge Atlas Technology.

Reuters

Guotai CSI Computer Theme ETF

PETROCHINA

Tianhong CSI Computer Theme ETF

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

SINOPEC CORP

JD HEALTH

ChinaAMC Guozheng Semiconductor Chip ETF

Sinopec Corp.

China Southern CSI Semiconductor Industry Custom ETF

Hong Kong shares fall after Lunar New Year break, tech drops

HK 10 Year Government Bond Yield decreased to 2.93%, the lowest since November 2025.Over the past 4 weeks, Hong Kong 10Y Bond Yield lost 34.30 basis points, and in the last 12 months, it decreased 78.10 basis points.

Trading Economics

HK 10Y Bond Yield Hits 12-week Low

Hong Kong's November-January unemployment rises to 3.9%

marketscreener

Hong Kong's November-January unemployment rises to 3.9%

According to the latest data from the Census and Statistics Department, Hong Kong's unemployment rate slightly increased by 0.1 percentage points to 3.9% during the period from November 2025 to January 2026, slightly higher than the market expectation of 3.8%. The total number of employed persons decreased by approximately 1,100 to 3,665,900. The number of unemployed persons was 138,400, and the number of underemployed persons was 65,100. Secretary for Labour and Welfare Sun Yuhan stated that Hong Kong's economic growth will support the labor market, but certain industries may face challenges

AASTOCKS

The latest unemployment rate in Hong Kong rose slightly by 0.1 percentage points to 3.9%, slightly higher than expected

The Hang Seng Index fell 0.6% this week, closing at 26,413 after a 1.1% drop on Friday. The decline was driven by a slump in tech and consumer stocks amid weakened risk sentiment due to concerns over private credit and U.S.–Iran tensions. Major losses were seen in companies like Xiaomi (-3.5%) and Tencent (-2.0%). Despite this, property stocks gained on expectations of support measures from Beijing. Mainland markets will reopen on Tuesday.

CSOP HS TECH

XIAOMI-W

Tencent Holdings Limited

TENCENT

Xiaomi Corporation

Tencent

Hang Seng Slips 0.6% This week

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After the Spring Festival holiday, the Hong Kong stock market reopened, with the Hang Seng Index opening down 48 points and ultimately closing down 292 points or 1.1%, at 26,413 points. The National Index and the Hang Seng TECH Index fell by 110 points and 156 points, respectively, with a total turnover of HKD 165.373 billion. Oil stocks PetroChina and CNOOC rose by 3.7% and 2.2%, respectively. Robot concept stocks surged significantly due to performances at the CCTV Spring Festival Gala, with DOBOT and ROBOSENSE rising by 21.4% and 9.2%, respectively. AI large model semi-new stock HAIZHI TECH GP and KNOWLEDGE ATLAS surged by 20% and 43%, respectively. Other technology stocks generally declined

ROBOSENSE

DOBOT

Hang Seng TECH Index

In the Hong Kong stock market, the Hang Seng Index closed down 292 points in the Year of the Horse, with the Tech Index dropping 2.9%. Robot stocks and AI large model newly listed stocks surged against the trend

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The latest Easy Property Price Index is reported at 115.63 points, rising 0.82% week-on-week, with signs of an intensified upward trend. The rental index is reported at 116.27 points, slightly declining 0.2% week-on-week. The upward momentum in the property market mainly comes from macroeconomic improvements and strong sales of new developments. Although the rental market is under short-term pressure, the demand for student accommodation will support the market in the future. Looking ahead, property prices are expected to consolidate between 112 and 120 points, with rents anticipated to challenge historical highs in the next two months, and the annual increase estimated to be between 2% and 4%

HSCEI ETF

The "Hong Kong Property" Easy Property Price Index rose by 0.82% weekly, while the rental index slightly fell by 0.2%

Hongkongers made 1.44 million outbound trips during the Lunar New Year holiday, a 20% increase from 2019, while arrivals in Hong Kong fell. Mainland Chinese visitors dropped by 12.8% compared to pre-pandemic levels. Despite increased travel, the local tourism industry is cautiously recovering, with some restaurants struggling. The government expects 9.52 million passengers at land control points from February 14 to 23, a 29.7% rise from last year. Retail sales in Hong Kong grew 1% in 2025, with December sales up 6.6% year-on-year, indicating a modest recovery in consumer sentiment and visitor arrivals.

- During the Lunar New Year holiday, Hong Kong residents traveled abroad over 1.4 million times, marking a 20% increase from 2019, while inbound numbers remained below pre-pandemic levels.  
- The Immigration Department reported that 629,340 mainland visitors came to Hong Kong, down 12.8% from 2019.  
- Despite increased cross-border travel and a mild retail recovery, local tourism faces challenges, with varying sales performances across sectors.

Hongkongers make 1.4 million outbound trips over Lunar New Year break

$Hang Seng Index(00HSI.HK)has evolved into a hybrid market that reflects China’s economic cycle more than Hong Kong’s domestic fundamentals. Its performance is increasingly driven by mainland policy follow-through, earnings durability in platform and financial stocks, and cross-border capital flows via Stock Connect. Valuation alone is no longer a catalyst; sustained upside depends on whether policy support translates into real profit recovery and renewed confidence from long-term global investors.

$XTALPI(02228.HK) The first to rise in the Hong Kong stock watch list! Push it up!

XTALPI

LI AUTO-W

CSOP A50 ETF-R

CSOP A50 ETF

XI2CSOPHSTECH

ISHARESHSTECH

XL2CSOPHSTECH

CAM HS TECH

Hang Seng TECH ETF I

GEELY AUTO

POP MART

BABA-W

Li Auto

TENCENT-R

Tencent HK SDR 10to1

GEELY AUTO-R

GEELY AUTOMOBILE HOLDINGS LIMITED SPON ADS EACH REP 20 ORD

POP MART HK SDR 20to1

BABA-WR

Alibaba HK SDR 5to1

Alibaba

The exchange rate of HKD against USD is rising rapidly. Will there still be big opportunities in Hong Kong stocks? $Hang Seng Index(00HSI.HK) $Hang Seng TECH Index(STECH.HK)

While the US stock market hovers under the shadow of tariffs, the Hong Kong stock market is experiencing a liquidity-driven structural frenzy. But is this 'Hong Kong stocks feast' the beginning of a trend revaluation, or a short-lived bubble induced by capital?From a macro perspective, the weak dollar cycle and the abundance of Hong Kong dollar liquidity are the core drivers of the Hong Kong stock market. In May, US tariff revenue surged to a peak of $22 billion, yet the CPI remained stable, coupled with the potential impact of immigration policies on the job market, the probability of a Fed rate cut in June-July is extremely low. The US stock market remains in a tug-of-war between 'chicken ribs market and downside risk.' In contrast, the Hong Kong dollar exchange rate has quickly slid from the strong-side guarantee to the weak-side edge, HIBOR rates are nearly zero, and the abundant liquidity is flooding into new consumption, innovative drugs, and A/H premium targets, driving both blue-chip dividend stocks and growth assets higher.However, the sustainability of the structural revaluation of Hong Kong stocks is highly dependent on the liquidity environment. The current extremely low level of HIBOR has deviated from the US benchmark interest rate. If the Fed's policy shifts or there are changes in the supply and demand of funds, a liquidity retreat could trigger a valuation correction. More critically, the structural premium of the same asset in Hong Kong stocks compared to A-shares lacks fundamental support. In a market dominated by southbound funds, caution is needed against the risk of valuation overshoot under 'capital frenzy.'In the short term, as long as the cost of borrowing in Hong Kong dollars remains low, there is still room for liquidity-driven revaluation to continue. However, in the long term, whether Hong Kong stocks can escape the 'capital market' dilemma depends on whether corporate earnings can take over liquidity as the anchor of valuation. Investors need to closely monitor changes in HIBOR rates and maintain sensitivity to risks amid the liquidity feast. $Hang Seng Index(00HSI.HK)

$Hang Seng Index(00HSI.HK)When the Hong Kong dollar triggers the strong-side convertibility undertaking, the Hong Kong government will be forced to issue Hong Kong dollars to buy US dollars (unless Hong Kong abandons the linked exchange rate system due to another crisis caused by excessive base money).Short-term may benefit the Hong Kong stock market.

On a weekly basis, the southbound capital flow in Hong Kong stocks was a net outflow in the past week. This is unusual, as it's the first time this has happened in at least over a year. $HSTECH ETF(03032.HK) $Hang Seng Index(00HSI.HK) $XIAOMI-W(01810.HK)

XIAOMI-WR

Xiaomi HK SDR 2to1

$XTALPI(02228.HK)$Hang Seng Index(00HSI.HK)This is a key macro indicator for Hong Kong stocks.

$Hang Seng Index(00HSI.HK) $XTALPI(02228.HK) Who should be blamed for these poor souls in Hong Kong stocks today? Sigh... damn it

During the 2018 trade war, Gao Shanwen gave a relatively well-known internal speech:Our generation has already made enough money, so young people should just wash up and go to sleep.As for the 2025 tariff war, what I want to say is: young people might not be able to sleep.$Hang Seng Index(00HSI.HK)$Hang Seng TECH Index(STECH.HK)$Invesco QQQ Trust(QQQ.US)$SPDR S&amp;P 500(SPY.US)

Invesco QQQ Trust

SPDR S&P 500

Another day protected by southbound capital! At 13:30 in the afternoon, the southbound capital suddenly surged, and the intraday chart skyrocketed after a 10-minute delay (did you day trade during these 10 minutes? 😂).Unlike yesterday, the southbound capital first rose and then fell in the morning, showing overall weakness. By 13:30, the net purchase was only 1.5 billion. After the surge, the cumulative net purchase for the day reached 5.15 billion. Compared with yesterday, I'm more convinced that there is a will behind the southbound capital.$Hang Seng Index(00HSI.HK) $BABA-W(09988.HK) $TENCENT(00700.HK)

MS-HSI @EP2603C(22430.HK)

Hang Seng Index Falls 0.58% This Week to 26413.35 — Data Talk

Hong Kong’s jobless rate edges up to 3.9% over past 3 months

Hong Kong’s property market to build on gains in the Year of the Horse: agents

The Deputy Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region Government: The goal is to exceed 2,000 tons in three years to expand gold storage in Hong Kong and establish Hong Kong as a regional gold reserve hub

HKMA observes stable HKD trading as monetary base reaches HK$2.04T. Exchange rate at 7.7673-7.7900. Aggregate Balance at HK$54B.