CIHUAHO@EP2606A(19656.HK)

The three major A-share indices of the Shanghai and Shenzhen stock exchanges opened higher by 0.7% to 1.7%, chip stocks rebounded, while oil and gold stocks continued to decline

The three major A-share indices opened higher, rising between 0.7% and 1.7%. The central parity rate of the RMB against the US dollar was adjusted to 6.9608. The People's Bank of China conducted reverse repurchase operations, netting a withdrawal of 296.5 billion yuan. Domestic bank stocks performed weakly, oil stocks opened lower, and gold-related stocks continued to decline. Chip stocks rebounded, with SMIC A and Hua Hong opening higher by 1.4% and 2.8%, respectively

The Hang Seng Index opened up 0.82%, and the Hang Seng TECH Index rose 0.68%. NetEase and HUA HONG SEMI increased by over 3%, BILIBILI rose by over 2%, and Alibaba, SMIC, and others rose by over 1%

The Hang Seng Index fell over 2%, with commodities and Chinese telecom stocks under pressure

The Hang Seng Index fell more than 2% today, influenced by U.S. President Trump's nomination of Waller to succeed the Federal Reserve Chairman, intensifying market concerns about interest rate trends and balance sheet reduction measures. U.S. stocks slightly declined last Friday, and the mainland manufacturing PMI dropped to 49.3, putting pressure on Hong Kong stocks. The Hang Seng Index fell 611 points throughout the day, closing at 26,775 points, with a turnover of HKD 347.886 billion. Automotive and technology stocks performed poorly, with BYD falling 6.9% and HUA HONG SEMI dropping 11.2%

Top 10 HK Stock Losers (2.2)

XXF(02473) fell 73.25%, with a trading turnover 1.7 Billion HKD, and a year-to-date fell 61.8%. WESTCHINACEMENT(02233) fell 15.47%, with a trading turnover 493.4 Million HKD, and a year-to-date rose 2.3%. 51WORLD(06651) fell 13.76%, with a trading turnover 73.5 Million HKD, and a year-to-date rose 90.4%.

Top 5 HK Stock Gainers/Losers (>100B) (2.2)

MINIMAX-WP(00100) rose 10.68%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 217.3%. SANDS CHINA LTD(01928) rose 4.05%, with a trading turnover 775.9 Million HKD, and a year-to-date fell 9.6%. SD GOLD(01787) fell 12.56%, with a trading turnover 2.2 Billion HKD, and a year-to-date rose 11.8%. HUA HONG SEMI(01347) fell 11.24%, with a trading turnover 4.9 Billion HKD, and a year-to-date rose 39.2%.