<Midday Update> HSI Ends Midday at 25,224, Gaining 48 Points; HSTI Reaches 5,584, Up 5 Points; ZHONGSHENG HLDG Surges Over 7%; HANSOH PHARMA, MOBVISTA, LEGENDHOLDING, NAGACORP, JF SMARTINVEST Achieve New Record Highs
Market Performance: The Hang Seng Index (HSI) rose by 48 points (0.2%) to close at 25,224, while the Hang Seng Technology Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also saw slight increases.
Active Heavyweights: Notable stocks included Tencent, which increased by 0.9%, and Alibaba, which rose by 0.8%. In contrast, Meituan experienced a decline of 0.3%.
Significant Movers: Zhongsheng Holdings surged by 7% while Sino Biopharmaceutical fell by 6.1%. Other notable movements included Hansoh Pharma rising by 4.4% and BYD Electronic dropping by 3.9%.
High Performers in HSMI & HSSI: Stocks like Fenbi and Mobvista saw significant gains of 18.3% and 12.4%, respectively, with several companies hitting new highs during trading.
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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%.
HSI Declines by 76 Points Amid Weakness in AI and Chip Stocks; POP MART Surges 9%
US Stock Market Impact: President Trump's threat to impose "Greenland tariffs" negatively affected US stock futures, leading to a decline in Hong Kong stocks, with the HSI down 0.3% and significant drops in major tech stocks like Tencent and Meituan.
Tech Sector Performance: Major tech companies experienced losses, with Tencent and Meituan dropping 1.5% and 1.2%, respectively, while JD and Bilibili saw slight gains. AI-related stocks had mixed results, with Knowledge Atlas plunging 7.4%.
Mobile and Chip Sector Declines: Mobile component stocks like AAC Tech and Sunny Optical fell over 3%, while chip sector stocks, including SMIC and Innosilicon, also experienced declines of up to 3.6%.
Consumer Stocks Surge: Consumer stocks rose, particularly Pop Mart, which surged 9.1% after repurchasing shares for the first time in nearly two years, while other consumer-related stocks benefited from extended loan interest subsidies in Mainland China.
