Market Performance: The HSI rose by 707 points (2.8%) to close at 26,338, while the HSCEI and HSTECH also saw significant gains, with total market turnover reaching HKD140.864 billion.

BIREN TECH Debut: Chinese GPU maker BIREN TECH surged 75.8% on its debut, closing at HKD34.46 after peaking at HKD42.88, with a turnover of HKD5.521 billion.

Tech Stocks Surge: Major tech stocks like BIDU-SW, TENCENT, and BABA-W experienced notable increases, with BIDU-SW rising 9.4% and TENCENT gaining 4%.

Automotive Sector Growth: Automotive stocks such as LI AUTO-W and BYD COMPANY also saw gains, with LI AUTO-W increasing by 4.9% and BYD COMPANY rising by 3.6%.

Hong Kong Stock Market Performance: The Hong Kong bourse had a strong start to the new year, with the HSI rising 559 points (2.2%) to close at 26,189, driven by the AI chip boom and a new high for CNH since May 2023.

BIREN TECH Debut: Domestic GPU manufacturer BIREN TECH debuted on the Hong Kong stock market, closing at HK$33.8, a 72.4% increase from its listing price of HK$19.6, with a peak of HK$42.88 and a turnover of HK$4.655 billion.

Tech Stocks Rally: Several tech stocks saw significant gains, including HUA HONG SEMI (+9.9%), SMIC (+4.9%), and BIDU-SW (+7.5%), alongside other robotics and major tech companies like TENCENT and BABA-W, which also experienced increases.

Short Selling Activity: The report highlighted notable short selling activities across various stocks, with significant ratios observed in companies like BIDU-SW (33.006%) and NTES-S (28.988%), indicating market volatility and investor sentiment.

Market Performance: The HSI closed up 0.1% at 25,498, while the HSCEI and HSTECH saw slight declines, with total market turnover reaching $162.377 billion.

Xiaomi Downgrade: Xiaomi's stock fell 2.5% after Jefferies downgraded its rating to Hold, citing concerns over profit margins due to rising memory costs.

Airline Stocks Surge: Bookings for outbound flights during China's New Year's Day holiday increased by over 40%, leading to significant gains for airline stocks like China Eastern Airlines, which rose 8.1%.

Regulatory Impact on E-commerce: China's SAMR indicated that requiring merchants to offer the lowest prices across platforms may be monopolistic, negatively affecting Alibaba and JD.com stocks.

Market Performance: The Hang Seng Index (HSI) fell by 111 points (0.4%) to 25,357, with the HSCEI and HSTECH also experiencing declines of 0.6% and 1.3%, respectively, amid a total turnover of HK$79.066 billion.

Xiaomi's Downgrade: Xiaomi's shares dropped 3.1% to HK$39.94 after Jefferies downgraded the stock from Buy to Hold, citing profit margin pressures due to rising memory costs.

Share Placements and Partnerships: SenseTime proposed a share placement at a discount, causing its shares to fall nearly 3.6%, while Minth Group partnered with a robotics company, resulting in a slight drop in its share price.

Financial Sector Movements: HSBC and HKEX saw minor gains of 0.3% and 0.25%, respectively, while AIA lost 0.2%. CICC's shares surged 3.6% following the announcement of a merger plan, while China Cinda's shares declined by 2.2%.

Stock Performance: Several stocks experienced declines, with CATL dropping 3.44% and BABA-W down 1.57%, while some stocks like WUXI APPTEC and Luckin Coffee saw gains.

Short Selling Activity: High short selling ratios were noted for multiple companies, including NETEASE MUSIC at 32.83% and SHENZHOU INTL at 34.31%, indicating significant bearish sentiment.

Market Predictions: Analysts from Goldman Sachs and Morgan Stanley provided forecasts, predicting weak construction activity in China's housing market and potential upside for metal stocks driven by ESS demand.

Overall Market Trends: The overall market showed mixed results, with some stocks facing pressure while others managed to gain, reflecting a volatile trading environment.