"Hong Kong Stocks" The Hang Seng Index opened 66 points higher, HSBC and AIA rose, Baidu softened after earnings

In the US stock market on the night of the 26th, the Dow Jones rose by 17 points, while Nvidia's decline dragged the Nasdaq down by 1.2%. After falling 384 points or 1.4% yesterday, the Hang Seng Index opened 66 points or 0.3% higher this morning, reporting 26,447 points; the National Index opened 3 points higher at 8,817 points, and the Hang Seng Tech Index opened 7 points or 0.2% higher at 5,117 points.

In the technology sector, Baidu (09888.HK) reported a 42% year-on-year decline in non-GAAP net profit for the fourth quarter, slightly above market expectations, with ADR shares falling by 5.7%, and the stock opened 1.1% lower in the morning. It was reported that Meituan (03690.HK) has postponed its Keeta launch plan in Rio de Janeiro, Brazil, with Meituan opening 0.7% higher at HKD 81.

Tencent (00700.HK) opened 0.3% lower at HKD 510.5, Alibaba (09988.HK) opened flat at HKD 143, and Kuaishou (01024.HK) opened flat at HKD 63.6. JD.com (09618.HK) opened 1% higher, while NetEase (09999.HK) and Bilibili (09626.HK) opened 0.1% and 0.4% higher, respectively. Tencent Music (01698.HK) opened 3.1% higher. In the chip sector, SMIC (00981.HK) opened flat at HKD 67.6, while Hua Hong (01347.HK) opened 0.3% lower. In the AI sector, Zhizhu (02513.HK) and MiniMax (00100.HK) opened 3% and 1.5% lower, respectively, while SenseTime (00020.HK) opened 4.1% higher.

In the automotive sector, BYD (01211.HK) opened 0.1% lower at HKD 94.9, while Xiaomi (01810.HK) and Nio (09866.HK) opened 0.8% and 0.9% lower, respectively. Li Auto (02015.HK) and XPeng (09868.HK) opened 1.2% and 1.9% higher, respectively.

In the pharmaceutical sector, BeiGene (06160.HK) turned from a loss to a profit for the full year, with a net profit of USD 287 million, and the stock opened 0.7% lower. WuXi Biologics (02269.HK) opened 4.9% higher. In the financial sector, HSBC Holdings (00005.HK) opened 1.2% higher at HKD 146.8, Hong Kong Exchanges and Clearing (00388.HK) opened flat at HKD 415.4, and AIA (01299.HK) opened 1.2% higher.

New World Development (00016.HK) opened flat this morning, and after opening, it rose steadily. Citigroup pointed out that strong asset turnover has improved profit margins, and the dividend growth cycle depends on earnings per share performance