"Hong Kong Stocks" The Hang Seng Index opened 37 points higher, JD.com’s performance improved after results, BYD slightly increased

U.S. stocks fluctuated overnight (5th), with the Dow Jones falling 784 points or 1.6%, and the Nasdaq dropping 58 points or 0.3%. Hong Kong stocks opened higher in the morning. The Hang Seng Index opened up 37 points or 0.1%, at 25,358 points; the National Index opened up 18 points or 0.2%, at 8,469 points; the Hang Seng Tech Index opened up 22 points or 0.5%, at 4,818 points.

The JD.com group announced its earnings. JD.com (09618.HK) reported a non-GAAP net profit for the fourth quarter that fell 90% year-on-year, reaching the upper limit of expectations, with an annual dividend of 50 Hong Kong cents per ordinary share, and the stock price opened up 1.6% at HKD 98.5. JD Health (06618.HK) saw its annual net profit rise by 29%, with the stock price opening up 3.6%. JD Logistics (02618.HK) reported a 7% increase in annual net profit, with the stock price opening up 6.4%. JD Industrial (07618.HK) reported an annual net profit of 2.31 billion RMB, more than doubling year-on-year, with the stock price opening up 1.4%.

In other tech stocks, Tencent (00700.HK) opened up 0.4% at HKD 504, Alibaba (09988.HK) opened up 0.5% at HKD 126.9, Meituan (03690.HK) opened flat at HKD 74.5, Baidu (09888.HK) opened flat at HKD 115.9, Kuaishou (01024.HK) opened down 0.5%, and NetEase (09999.HK) opened up 1.8%. Bilibili (09626.HK) reported a 94% increase in adjusted net profit for the last quarter of last year, with the stock price opening down 2.8%. Xindong Company (02400.HK) forecasted at least a 77% increase in net profit last year, but the stock price opened down 2.7%. In the chip sector, SMIC (00981.HK) opened up 0.2%, while Hua Hong (01347.HK) opened down 0.1%.

In the automotive sector, BYD (01211.HK) announced its second-generation blade and fast-charging technology, with the stock price opening up 0.4% at HKD 93. Xiaomi (01810.HK) opened up 0.9%. It was reported that Li Auto (02015.HK) plans to launch a dual-wheel robot in mid-year, with its stock opening down 0.2%. It is rumored that the mainland autonomous driving technology company Momenta has secretly submitted an IPO application in Hong Kong, aiming to raise at least USD 1 billion. Its peer, Pony.ai (02026.HK), opened up 3.1%.

In the financial sector, HSBC (00005.HK) and Hong Kong Exchanges and Clearing (00388.HK) opened down 0.4% and 0.1%, respectively, while AIA (01299.HK) opened up 1.1%. Prada (01913.HK) reported an annual profit of EUR 852 million, an increase of 1.6%, with the stock opening down 1.8%.

After the market close, the Hang Seng Index will change its constituent stocks. Among the "blue-chip" stocks, CATL (03750.HK) opened up 0.7%, China Molybdenum (03993.HK) opened down 0.9%, and Lao Pu Gold (06181.HK) opened flat at HKD 640, while Zhongsheng (00881.HK), which will be removed from the Hang Seng Index, opened flat at HKD 9.41