01071 Overview

Market Performance: The HSI closed down 61 points (0.2%) at 25,898, with total market turnover dropping 23% to $254.481 billion.

Automaker Gains: NIO-SW surged 14.1% after reporting its first quarterly profit, while other automakers like GEELY AUTO and XPENG-W also saw significant increases.

Sector Highlights: Intelligent driving and battery stocks experienced notable gains, with CATL rising 9% and WERIDE-W increasing by 7.1%.

Energy and Coal Stocks: Power utilities and coal stocks performed well, with companies like HUANENG POWER and CHINA SHENHUA seeing increases of 3.5% and 4.6%, respectively.

Market Performance: Hong Kong stocks saw a rebound in the morning session, with the HSI rising 212 points (0.84%) to 25,462, while the HSCEI and HSTECH also experienced slight increases. Total turnover reached $164.185 billion.

Financial Sector Gains: Major financial stocks like HSBC and Standard Chartered rose by over 3%, with AIA increasing by nearly 4%. Short selling activity was notable across these stocks, indicating investor interest.

Homebuilders and Conglomerates: Homebuilders SHK PPT, HANG LUNG PPT, and LINK REIT saw gains between 2-2.8%, while conglomerates like CKH HOLDINGS and SWIRE PACIFIC also experienced increases of around 2.5-2.8%.

Energy Sector Speculation: Stocks related to energy transition, such as Weichai Power and Wuxi Lead, advanced significantly, with power equipment stocks like Harbin Electric and Dongfang Electric spiking by 8.9% and 14.3%, respectively.

Power Generation Increase: HUADIAN POWER reported a cumulative power generation of 262.27 million MWh for 2025, marking a 17.81% increase from the previous year, despite a 6.99% decrease from retroactively adjusted figures.

On-Grid Electricity Sales: The company sold 246.44 million MWh of on-grid electricity, reflecting an 18.22% increase year-over-year, but a 7.09% decrease compared to adjusted data from the previous year.

Factors Affecting Performance: The decline in power generation and on-grid sales after adjustments is attributed to the rise in new energy sources' installed capacity and reduced utilization hours of coal-fired units.

Market Activity: As of January 23, 2026, HUADIAN POWER's stock showed a slight decrease of 0.484%, with short selling activity amounting to $1.45 million and a ratio of 3.097%.

Market Performance: Hong Kong equities showed muted fluctuations on the settlement date, with the HSI closing down 0.2% at 26,282 and total market turnover increasing to $353.804 billion.

Stock Highlights: Standard Chartered surged 4.2% on strong quarterly results, while BOC Hong Kong fell 0.8% despite a profit increase. Other notable movements included HSBC gaining 1.4% and AIA declining 1.9%.

Commodities Sector: Stocks in the commodities sector saw significant gains, with Chinagoldintl rising 5.3% and Zijin Mining increasing by 4.6%, alongside other mining companies experiencing similar upward trends.

Energy and Utilities: Energy stocks also performed well, with Xinte Energy up 6.7% and Huaneng Power rising 8%, driven by positive management outlooks on future electricity price hikes.

Hong Kong Stock Market Performance: The Hong Kong stock market saw positive movement on futures settlement day, with the HSI up 142 points (0.54%) at 26,488, and total market turnover reaching HKD178.701 billion.

Commodity and Energy Stocks Surge: Commodity stocks like ZIJIN MINING and LINGBAO GOLD experienced significant gains, while energy stocks such as HUANENG POWER also rose sharply, driven by positive management outlooks on electricity prices.

Tech Stocks Mixed Results: Major tech stocks had varied performances, with MEITUAN-W and TENCENT increasing, while others like BIDU-SW and KUAISHOU-W saw declines, reflecting a mixed sentiment in the tech sector.

New Energy Vehicle Sales Decline: The China Passenger Car Association reported an 8% month-over-month drop in new energy vehicle retail sales for October, impacting stocks like BYD and NIO, although some companies like XPENG-W managed to post gains.

Stock Performance Overview: Various Chinese energy stocks show mixed performance, with CHINA RES POWER and CGN POWER experiencing declines, while HUADIAN POWER and CHINA SUNTIEN report gains.

Short Selling Activity: Significant short selling activity is noted across several stocks, with CGN POWER having the highest short selling ratio at 34.136%, indicating bearish sentiment among investors.