The Hang Seng Index opened 220 points higher, gold-related stocks rebounded, EASTROC BEVERAGE maintained its IPO price, and CloudWalk was discounted by 18% in a placement｜Hong Kong stock market opening

After experiencing a round of fluctuations, panic sentiment in the global stock market has eased, with the three major U.S. indices rebounding on Monday. The Dow Jones Industrial Average closed up 515 points or 1.05%, at 49,407 points; the S&P 500 rose 37 points or 0.54%, to 6,976 points; and the Nasdaq increased by 130 points or 0.56%, to 23,592 points. As for the Golden Dragon Index, which reflects the performance of Chinese concept stocks, it fell 0.65% to 7,681 points on Monday. It is worth noting that the U.S. Bureau of Labor Statistics stated that due to a partial "shutdown" of the federal government, the employment report for January, originally scheduled for release this Friday (6th), will not be published on time and will be rescheduled after government funding is restored.

Gold Prices Rebound, Silver Prices Rise Over 4%

Gold and silver prices have rebounded, with spot gold prices rising over 2% to $4,767 this morning, and spot silver prices increasing over 4% to $82.6. In terms of Bitcoin, after hitting a low of $74,604 yesterday, it rebounded and is reported at $79,183 this morning, up 0.3%; however, Ethereum fell about 1% this morning, currently at $2,352.

Among the focus stocks, U.S. storage concept stocks continue to perform well, with Sandisk (SNDK) rising over 15% on Monday, Micron Technology (MU) up over 5%, and Seagate Technology (STX) and Western Digital (WDC) also rising over 6% and 8%, respectively.

In the Hong Kong stock market, the Hang Seng Index opened 220 points higher this morning, at 26,995 points. Tech stocks showed mixed developments, with Alibaba (9988) up 1.3%; Tencent (700) unchanged; Meituan (3690) up 0.3%; JD.com (9618) up 0.5%; while Baidu (9888) and Xiaomi (1810) fell 0.3% and 0.7%, respectively.

With the rebound in gold and silver prices, Zhaojin (1818) rebounded 5%; Chifeng Jilong Gold Mining (6693) rose 4.7%; Lingbao Gold (3330) also increased by 4%; Shandong Gold (1787) rose 3.6%; Zijin Mining (2899) increased by 3.4%; and its subsidiary Zijin Gold International (2259) rose 4.7%; China Silver (815) rose 1.6%.

EASTROC Beverage Has a 15% Winning Rate for One Lot

In individual stock news, EASTROC Beverage (9980) officially listed today, with the public offering portion recording about 56 times oversubscription, and a one-lot winning rate of 15%. The stock opened at 248 HKD this morning, unchanged.

CloudWalk Technology Issues Shares at an 18% Discount

CloudWalk Technology (9678) is placing 1.008 million new H shares, raising about 310 million HKD, equivalent to about 2.3% of the expanded total number of H shares and issued shares, with a placement price of 310 HKD per share, an 18% discount to the previous closing price of 376.6 HKD. The stock opened at 356.4 HKD this morning, down 5.4%.

Ascletis Pharma Raises Over 800 Million HKD Through Share Placement

Additionally, Ascletis Pharma (1672) is placing 69.256 million shares, raising about 840 million HKD, equivalent to about 6.5% of the expanded total number of issued shares, with a placement price of 12.18 HKD per share, a 4% discount to the previous closing price of 12.69 HKD. The stock opened at 12.69 HKD this morning, unchanged.

Regarding the northbound capital flow, there was a net purchase of Hong Kong stocks amounting to 1.907 billion HKD yesterday, with Tencent (700), Xiaomi (1810), and China Life (2628) receiving net purchases of 1.304 billion HKD, 278 million HKD, and 188 million HKD, respectively; Hua Hong Semiconductor (1347), Zijin Mining (2899), and Stone Pharmaceutical (1093) were net sold for HKD 615 million, HKD 464 million, and HKD 393 million, respectively