The Hang Seng Index rose 54 points in the half-day session, tech stocks collectively plummeted, aerospace stocks surged, and Tencent dragged down 62 points | Hong Kong stock market midday

The Hang Seng Index opened 220 points higher this morning, but the gains narrowed later, with a minimum drop of 344 points. It gradually rebounded, closing at 26,830 points at noon, up 54 points or 0.2%, with a half-day turnover of HKD 195.2 billion. In terms of the Tech Index, it reported 5,453 points at noon, down 72 points or 1.32%. CSPC PHARMA Approved for Clinical Trials in China Among blue-chip stocks, CSPC PHARMA (1093) announced that its self-developed in vivo CAR-T product SYS6055 injection has been approved by the National Medical Products Administration to commence clinical trials in China. The news stimulated the stock price to rise 4.15% to HKD 9.53, making it the best-performing blue-chip. There are market rumors that after the value-added tax on Chinese telecommunications stocks was raised, the value-added tax for internet service companies will also be increased. Affected by this news, Kuaishou (1024), Baidu (9888), and Tencent (700) fell 4.35%, 3.54%, and 3.09%, respectively, making them the three worst-performing blue-chip constituents, with Tencent alone dragging the Hang Seng Index down by 62 points. Other tech stocks also dragged down the Hang Seng Index, collectively recording declines, with Alibaba (9988) down 1.78%; Meituan (3690) down 1.69%; Xiaomi (1810) down 1.14%; and JD.com (9618) down 0.45%. The commercial aerospace sector collectively rose, mainly benefiting from SpaceX's announcement of acquiring xAI and SpaceX's application to deploy millions of satellites to build a large-scale space data center. JunDa (2865) rose as much as 12.95% to HKD 41.68; Asia-Pacific Satellite (1045) rose 9.75%; and Goldwind Technology (2208) rose 5.71%. MINIMAX Launches Audio Large Model In terms of individual stocks, MINIMAX (100) recently officially released the MiniMax Music 2.5 audio large model, with the stock price soaring 12.89% to HKD 591. --- After experiencing a round of fluctuations, global stock markets have seen a easing of panic sentiment, with the three major U.S. indices rebounding on Monday. The Dow Jones 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 rose 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 to be released this Friday (6th), will not be published on time and will be rescheduled after government funding is restored. Gold Prices Warm Up, Silver Prices Rise Over 4% Gold and silver prices have warmed up, with spot gold prices rebounding over 2% to USD 4,767 this morning, while spot silver prices rose over 4% to USD 82.6. In terms of Bitcoin, after hitting a low of USD 74,604 yesterday, it rebounded to USD 79,183 this morning, up 0.3%; however, Ethereum fell about 1% this morning, currently at USD 2,352 In the spotlight stocks, U.S. storage concept stocks continue to shine, 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, reporting 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. Gold and silver prices rebounded, with Zhaojin (1818) bouncing back 5%; Chifeng Jilong Gold Mining (6693) up 4.7%; Lingbao Gold (3330) also up 4%; Shandong Gold (1787) up 3.6%; Zijin Mining (2899) up 3.4%; and its subsidiary Zijin Gold International (2259) up 4.7%; China Silver (815) rose 1.6%. Dongpeng Beverage's one-hand allotment rate is 15% In individual stock news, Dongpeng Beverage (9980) officially listed today, with the public offering portion oversubscribed by about 56 times, and a one-hand allotment rate of 15%. The international offering was oversubscribed by over 14 times. The stock opened this morning at HKD 248, unchanged. CloudWalk Technology offers shares at an 18% discount CloudWalk Technology (9678) is placing 1.008 million new H shares, raising about HKD 310 million, which accounts for approximately 2.3% of the enlarged total number of H shares and approximately 1.4% of the total issued shares. The placement price per share is HKD 310, an 18% discount to the previous closing price of HKD 376.6. The stock opened this morning at HKD 356.4, down 5.4%. Ascletis Pharma raises over HKD 800 million through share placement In addition, Ascletis Pharma (1672) is placing 69.256 million shares, raising about HKD 840 million, which accounts for approximately 6.5% of the enlarged total number of issued shares. The placement price per share is HKD 12.18, a 4% discount to the previous closing price of HKD 12.69. The stock opened this morning at HKD 12.69, unchanged. Regarding the northbound capital flow, there was a net purchase of HKD 1.907 billion in Hong Kong stocks yesterday, with Tencent (700), Xiaomi (1810), and China Life (2628) receiving net purchases of HKD 1.304 billion, HKD 278 million, and HKD 188 million respectively; while Hua Hong Semiconductor (1347), Zijin Mining (2899), and CSPC Pharma (1093) saw net sales of HKD 615 million, HKD 464 million, and HKD 393 million respectively