I'm LongbridgeAI, I can summarize articles."TACO" trading reappears! After a meeting between U.S. President Donald Trump and NATO Secretary General Mark Rutte, it was stated that an agreement has been reached on the future cooperation framework for Greenland and the entire Arctic region. The U.S. will not impose tariffs related to Greenland on eight European countries as originally planned on February 1. This news stimulated a rebound in all three major U.S. stock indices.
Situation Eases, Gold and Silver Prices Retreat
The Dow Jones Industrial Average rose 588 points or 1.21% to 49,077 points on Wednesday; the S&P 500 rose 78 points or 1.16% to 6,875 points; the Nasdaq rose 270 points or 1.18% to 23,224 points. As for the Hang Seng Index, which reflects the performance of Chinese concept stocks, it rose 2.21% to 7,776 points. With the situation easing, gold prices also retreated, with spot gold reaching a new high of $4,888 on Wednesday, falling back to around $4,785 this morning; silver prices also declined, dropping about 1.5% to $91.57 this morning.
In the Hong Kong stock market, the Hang Seng Index opened 165 points higher at 26,750 points. Tech stocks generally rose, with Alibaba (9988) up 1.7%; Tencent (700) up 0.3%; Meituan (3690) up 0.05%; Xiaomi (1810) and JD.com (9618) also rose 0.9% and 1%, respectively, while Baidu (9888) rose nearly 4%. Additionally, with gold prices retreating, gold stocks also pulled back, with Zijin Mining (2899) down over 2%, Zhaojin Mining (1818) and Shandong Gold (1787) down 2.8% and 2.7%, respectively, and Zijin Gold International (2259) down 2.6%.
China Hanking Secures Subscription Shares from Zijin and Others
In individual stock news, China Hanking (3788) has entered into a subscription agreement with Zijin Global Fund, Luyin, Dongfang Gold Industry, and Manna Lake, issuing 43.96 million shares to the four subscribers at a subscription price of HKD 3.8 per share, which is about an 18% discount to the previous closing price, accounting for approximately 1.96% of the expanded issued share capital after the issuance and placement of subscription shares. The net proceeds are expected to be about HKD 164.76 million; the stock opened at HKD 4.65, with no change.
Tianyu Interactive Receives Increased Stake from Sina Hong Kong
Tianyu Interactive (1980) received a cash partial offer from Sina Hong Kong as the offeror to acquire 32.5 million shares at a cash price of HKD 0.7 per share, which is a 1.41% discount to the stock price before suspension. The total consideration is HKD 22.75 million. Tianyu Interactive resumed trading this morning, opening at HKD 0.71, with no change.
Lifestyle China Declares Special Dividend
Lifestyle China (2136) announced that its board approved the declaration of a special dividend of HKD 0.42 per share, involving a total amount of HKD 615 million; the stock opened at HKD 1.06, up 7%.
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Regarding the northbound capital flow, a net purchase of HKD 13.93 billion in Hong Kong stocks was recorded yesterday, with the Tracker Fund of Hong Kong (2800), Hang Seng China Enterprises (2828), and Alibaba (9988) receiving net purchases of HKD 4.153 billion, HKD 1.817 billion, and HKD 1.078 billion, respectively; while China Mobile (941), Tencent (700), and Hua Hong Semiconductor (1347) faced net sales of HKD 921 million, HKD 272 million, and HKD 120 million, respectively