HSI Closes Down 331 Points Amid Weakness in Chip and Chinese Developer Stocks; Chinese Biotechs Show Steady Gains
Market Performance: The HSI fell 331 points (1.3%) to close at 25,434, marking a decline for two consecutive days, while the HSCEI and HSTECH also experienced losses of 1.6% and 1.9%, respectively.
Biotech Sector Resilience: Despite the overall market downturn, biotech and pharma stocks thrived, with WUXI BIO rising 1.9% and ASCLETIS-B soaring 18% after positive drug trial results.
Chip Stocks Reaction: Following US President Trump's announcement allowing Nvidia to sell H200 chips to China, chip stocks like SMIC and HUA HONG SEMI saw significant declines of 4.1% and 5.4%, respectively.
Real Estate Sector Struggles: AGILE GROUP's stock plummeted 18.4% due to a winding-up petition, impacting other Chinese developers like LONGFOR GROUP and CHINA RES LAND, which also faced notable declines.
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SaaS and Software Stocks Decline Overall, KINGDEE INT'L Drops 14% Following Anthropic's Release of Corporate Legal AI Tool
AI Tool Launch: Anthropic introduced a new tool for corporate in-house counsel that automates legal tasks like contract review and NDA classification, impacting the SaaS and software sectors.
Stock Market Performance: Several Hong Kong stocks experienced significant declines, with KINGDEE INT'L dropping 14.5% and MEITU falling nearly 10%.
Short Selling Activity: High short selling ratios were noted across various companies, including MEITU and CHINASOFT INT'L, indicating bearish market sentiment.
AI IPOs Decline: Newly listed AI companies like MINIMAX-WP and KNOWLEDGE ATLAS also saw their stock prices decrease, reflecting a broader trend in the market.
SENSETIME-W Releases SenseNova-MARS as Open Source
Stock Performance: SENSETIME-W (00020.HK) experienced a decline of 1.992%, with short selling amounting to $124.32M and a ratio of 9.644%.
Model Launch: The company announced the open-sourcing of its multimodal autonomous reasoning model, SenseNova-MARS, in both 8B and 32B versions.
Model Capabilities: SenseNova-MARS is the first open-source Agentic VLM that supports dynamic video reasoning and image-text retrieval, capable of autonomous planning and handling complex tasks.
Benchmark Performance: In core benchmarks for multimodal search and reasoning, SenseNova-MARS achieved an average score of 69.74, outperforming competitors Gemini-3-Pro and GPT-5.2.
HSI Rises 598 Points at Midday, Reaching Over 4.5-Year High; Financials, Developers, and Commodities Flourishing
Market Performance: The HSI rose by 598 points (2.2%) to 27,725, with significant gains in the HSCEI and HSTECH, while total market turnover reached HKD196.327 billion.
Financial Stocks Surge: Major financial stocks like HSBC, BOC Hong Kong, and Standard Chartered saw increases of 2.1% to 2.9%, contributing to a positive trend in the financial sector.
Property and Resource Stocks Rally: Hong Kong developers and Chinese developers experienced substantial gains, with some stocks like China Jinmao and Greentown China rising by over 6%, while resource stocks also saw significant increases.
Tech and AI Stocks Growth: Tech stocks such as Tencent and JD-SW gained between 1.5% and 2.4%, while AI-related stocks like SenseTime and Unisound saw notable increases, with Unisound jumping by 38.2%.
HSI Rises by 97 Points Driven by Demand for Chip, AI, and Robotics Stocks; HUA HONG SEMI Gains 5%
Market Performance: The Hong Kong stock market saw a rebound with the HSI rising 0.4% to 26,585, driven by the US-Europe dispute over Greenland and a total market turnover of HKD250.451 billion.
AI and Tech Stocks Surge: The launch of the new DeepSeek model, MODEL1, boosted AI and chip-related stocks, with notable gains from companies like SENSETIME-W and INSILICO, while some stocks like UNISOUND experienced declines.
Chinese Exports Growth: China's exports in December increased by 6.6% year-on-year, surpassing the previous value of 5.9% and exceeding forecasts of 3%.
Mixed Performance Among Major Tech Firms: BIDU-SW launched a new AI feature and saw a 3.3% stock increase, while other tech giants like TENCENT and JD-SW had modest gains, and NTES-S faced a significant decline of 3.7%.
G Sachs Anticipates Continued Growth for SENSETIME-W's Generative AI Revenue, Establishes Target Price at HKD3.53 with Buy Rating
Company Outlook: Goldman Sachs is optimistic about SENSETIME-W's expansion into multi-modal foundational models, which could improve cost-to-performance ratios and increase application opportunities.
AI Development: SenseTime's self-developed AI foundational model, SenseNova, and its AI infrastructure are key to its growth as a leading generative AI software company.
Revenue Growth: The broker anticipates that SenseTime's generative AI revenue will thrive due to its extensive product offerings and tailored solutions for specific industries.
Investment Rating: Goldman Sachs maintains a Buy rating for SENSETIME-W, setting a target price of HKD3.53.
HSI Closes Up 239 Points; BABA-W Jumps Over 3%; DONGFENG GROUP Soars Approximately 7%
Market Performance: The HSI rose by 239 points (0.9%) to close at 26,848, with the HSCEI and HSTECH also showing gains, while total market turnover reached HKD315.192 billion.
Technology Sector Highlights: Notable gains were seen in BABA-W (+3.6%) and ALI HEALTH (+2.8%), while some AI stocks like SENSETIME-W and WEIMOB INC experienced declines of 4.9% and 4.5%, respectively.
Chip Stocks Movement: Chip stocks faced losses, with BIREN TECH and ILUVATAR COREX dropping 7.7% and 8.9%, while ASMPT and COWELL saw gains of 3.6% and 8.1%.
Automotive Sector Developments: Supported by a new tariff deal between China and the EU, BYD COMPANY and other car manufacturers like GWMOTOR and XPENG-W saw increases, while XIAOMI-W declined by 2%.
SaaS and Software Stocks Decline Overall, KINGDEE INT'L Drops 14% Following Anthropic's Release of Corporate Legal AI Tool
AI Tool Launch: Anthropic introduced a new tool for corporate in-house counsel that automates legal tasks like contract review and NDA classification, impacting the SaaS and software sectors.
Stock Market Performance: Several Hong Kong stocks experienced significant declines, with KINGDEE INT'L dropping 14.5% and MEITU falling nearly 10%.
Short Selling Activity: High short selling ratios were noted across various companies, including MEITU and CHINASOFT INT'L, indicating bearish market sentiment.
AI IPOs Decline: Newly listed AI companies like MINIMAX-WP and KNOWLEDGE ATLAS also saw their stock prices decrease, reflecting a broader trend in the market.
SENSETIME-W Releases SenseNova-MARS as Open Source
Stock Performance: SENSETIME-W (00020.HK) experienced a decline of 1.992%, with short selling amounting to $124.32M and a ratio of 9.644%.
Model Launch: The company announced the open-sourcing of its multimodal autonomous reasoning model, SenseNova-MARS, in both 8B and 32B versions.
Model Capabilities: SenseNova-MARS is the first open-source Agentic VLM that supports dynamic video reasoning and image-text retrieval, capable of autonomous planning and handling complex tasks.
Benchmark Performance: In core benchmarks for multimodal search and reasoning, SenseNova-MARS achieved an average score of 69.74, outperforming competitors Gemini-3-Pro and GPT-5.2.
HSI Rises 598 Points at Midday, Reaching Over 4.5-Year High; Financials, Developers, and Commodities Flourishing
Market Performance: The HSI rose by 598 points (2.2%) to 27,725, with significant gains in the HSCEI and HSTECH, while total market turnover reached HKD196.327 billion.
Financial Stocks Surge: Major financial stocks like HSBC, BOC Hong Kong, and Standard Chartered saw increases of 2.1% to 2.9%, contributing to a positive trend in the financial sector.
Property and Resource Stocks Rally: Hong Kong developers and Chinese developers experienced substantial gains, with some stocks like China Jinmao and Greentown China rising by over 6%, while resource stocks also saw significant increases.
Tech and AI Stocks Growth: Tech stocks such as Tencent and JD-SW gained between 1.5% and 2.4%, while AI-related stocks like SenseTime and Unisound saw notable increases, with Unisound jumping by 38.2%.
HSI Rises by 97 Points Driven by Demand for Chip, AI, and Robotics Stocks; HUA HONG SEMI Gains 5%
Market Performance: The Hong Kong stock market saw a rebound with the HSI rising 0.4% to 26,585, driven by the US-Europe dispute over Greenland and a total market turnover of HKD250.451 billion.
AI and Tech Stocks Surge: The launch of the new DeepSeek model, MODEL1, boosted AI and chip-related stocks, with notable gains from companies like SENSETIME-W and INSILICO, while some stocks like UNISOUND experienced declines.
Chinese Exports Growth: China's exports in December increased by 6.6% year-on-year, surpassing the previous value of 5.9% and exceeding forecasts of 3%.
Mixed Performance Among Major Tech Firms: BIDU-SW launched a new AI feature and saw a 3.3% stock increase, while other tech giants like TENCENT and JD-SW had modest gains, and NTES-S faced a significant decline of 3.7%.
G Sachs Anticipates Continued Growth for SENSETIME-W's Generative AI Revenue, Establishes Target Price at HKD3.53 with Buy Rating
Company Outlook: Goldman Sachs is optimistic about SENSETIME-W's expansion into multi-modal foundational models, which could improve cost-to-performance ratios and increase application opportunities.
AI Development: SenseTime's self-developed AI foundational model, SenseNova, and its AI infrastructure are key to its growth as a leading generative AI software company.
Revenue Growth: The broker anticipates that SenseTime's generative AI revenue will thrive due to its extensive product offerings and tailored solutions for specific industries.
Investment Rating: Goldman Sachs maintains a Buy rating for SENSETIME-W, setting a target price of HKD3.53.
HSI Closes Up 239 Points; BABA-W Jumps Over 3%; DONGFENG GROUP Soars Approximately 7%
Market Performance: The HSI rose by 239 points (0.9%) to close at 26,848, with the HSCEI and HSTECH also showing gains, while total market turnover reached HKD315.192 billion.
Technology Sector Highlights: Notable gains were seen in BABA-W (+3.6%) and ALI HEALTH (+2.8%), while some AI stocks like SENSETIME-W and WEIMOB INC experienced declines of 4.9% and 4.5%, respectively.
Chip Stocks Movement: Chip stocks faced losses, with BIREN TECH and ILUVATAR COREX dropping 7.7% and 8.9%, while ASMPT and COWELL saw gains of 3.6% and 8.1%.
Automotive Sector Developments: Supported by a new tariff deal between China and the EU, BYD COMPANY and other car manufacturers like GWMOTOR and XPENG-W saw increases, while XIAOMI-W declined by 2%.
