"Hong Kong Stocks" The Hang Seng Index fell 161 points in the first half of the trading day during the Year of the Horse, while robot and AI model stocks surged. PetroChina and CNOOC reached new highs against the market trend

U.S. President Trump stated that a decision on whether to take military action against Iran will be made within ten days. The market is watching to see if the U.S. Supreme Court will issue a ruling on the tariff case. The Dow Jones Industrial Average fell 267 points or 0.5% on the evening of the 19th. Hong Kong stocks resumed trading after the Spring Festival holiday, declining on the first trading day of the Year of the Horse. The Hang Seng Index opened down 48 points and initially dropped 348 points to a low of 26,356 points, before narrowing its losses. It fell 161 points or 0.6% to 26,544 points at midday; the Hang Seng China Enterprises Index dropped 53 points or 0.6% to 9,016 points; the Hang Seng Tech Index fell 122 points or 2.3% to 5,245 points. The total turnover of the market at midday was HKD 91.755 billion.

In the oil sector, PetroChina (00857.HK) and CNOOC (00883.HK) rose 4.6% and 3.3%, respectively, with CNOOC reaching a historical high of HKD 26.16 during the session, and PetroChina hitting a ten-year high. In the oil services sector, China Oilfield Services (02883.HK) increased by 3.9%. In the energy transportation sector, COSCO Shipping Energy (01138.HK) surged 6.2%, while shipping stock Seaspan (01308.HK) rose 4.8%.

The robot martial arts performance at the CCTV Spring Festival Gala became a hot topic, leading to a surge in robotics concept stocks, with Yujiang (02432.HK) and SUTENG (02498.HK) rising 19.2% and 9.4%, respectively. UBTECH (09880.HK), Sanhua Intelligent Control (02050.HK), and Hesai-W (02525.HK) increased by 6.6% to 6.7%. AI model stocks also surged, with Haizhi Technology (02706.HK) and Zhipu AI (02513.HK) each rising over 19%, and MiniMax-WP (00100.HK) jumping 10%.

Other tech stocks fell, with Alibaba-W (09988.HK) and Baidu-SW (09888.HK) dropping 3.7% and 5.7%, respectively. Tencent (00700.HK), Meituan-W (03690.HK), and JD-SW (09618.HK) fell 1.4% to 2%. Kuaishou-W (01024.HK) and NetEase-S (09999.HK) declined 2.4% and 3.2%, respectively. Additionally, Meitu (01357.HK), Ping An Good Doctor (01833.HK), Xindong (02400.HK), and Tencent Music-SW (01698.HK) dropped 4% to 4.5%. JD Health (06618.HK), Bilibili-W (09626.HK), Kingdee (00268.HK), GDS Holdings-SW (09698.HK), and Yunzhisheng (09678.HK) fell 5% to 5.5%, while Reading Group (00772.HK) dropped 7.8%.

In the chip sector, SMIC (00981.HK) and Hua Hong Semiconductor (01347.HK) fell 1.6% and 3.8%, respectively, while Tianshu Zhixin (09903.HK) dropped 6.5%. In the automotive sector, BYD (01211.HK), Xiaomi-W (01810.HK), Li Auto-W (02015.HK), and XPeng-W (09868.HK) fell 1.7% to 2.6% Siris (09927.HK) fell 4.5%. Autonomous driving stocks WeRide-W (00800.HK) and Pony.ai-W (02026.HK) fell 6% and 3.4%.

Consumer stocks were weak, with liquor stock Zhenjiu Lidu (06979.HK) falling 6%, movie stocks Damai Entertainment (01060.HK) and Maoyan (01896.HK) falling 4.6% and 3.4%, duty-free store China Duty Free (01880.HK) falling 3.8%, and travel platform Tongcheng (00780.HK) falling 2.9%. Retail stocks Laopu Gold (06181.HK), Miniso (09896.HK), and Pop Mart (09992.HK) fell 2.3% to 3.2%. In the financial sector, HSBC (00005.HK) and Hong Kong Exchanges and Clearing (00388.HK) rose 0.1%, while AIA (01299.HK) rose 0.4%. Other stocks included Henderson Land (00012.HK) and Sunac (01918.HK) rising 3.5% and 3.3%, and China Railway (00390.HK) rising 6.7%