UBMTUAN@EP2607B

CCOE

ONEFORCE HLDGS

ROYAL DELUXE

STARCOIN GROUP

ASIAPAC FIN INV

DRINDA

WAI HUNG GROUP

WELIFE TECH

MAINLAND HOLD

JOHNSON ELEC H

600010

600392

300317

03690

The rare earth permanent magnet concept strengthened, with BSU hitting the daily limit, and CNRE, Earth-Panda, SHRC, Galaxy Magnets, and Tianhe Magnets following suit. In the early session, the space photovoltaic concept rebounded, with Drinda hitting the daily limit, and Jiawei Energy, Fusion, EGing PV, Risen Energy, and DKEM also rising

- Nvidia's stock fell sharply by 5.7%, marking the largest intraday drop in three months, as concerns lingered about the sustainability of AI spending despite a 73% year-over-year revenue increase.  
- The A-shares market experienced a decline with major indices down, led by adjustments in computing hardware stocks influenced by Nvidia's performance, while sectors like non-ferrous metals and rare earths saw price increases.  
- The Hong Kong stock market rebounded, with the Hang Seng Index and technology sectors gaining, while the bond market yielded upward movements in government bond futures, despite significant declines in domestic commodity futures.

Wallstreetcn

SHRC

Jiawei Energy

CRENM

Risen Energy

EGing PV

Drinda

DKEM

CNRE

Galaxy Magnets

Earth-Panda

Fusion

E Fund GEM ETF

MEITUAN

The GEM index fell over 1%, computing hardware collectively adjusted, rare earths surged, the Hang Seng Index rebounded, and the biopharmaceutical sector was active

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00HSI

MPNGY

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Hong Kong stocks rebounded after the futures settlement day, with the Hang Seng Index rising 197 points to 26,578 points in the first half of the day. In the real estate sector, Sun Hung Kai Properties rose nearly 7%, with a 17% increase in half-year underlying profit. In the technology sector, both Tencent and Meituan saw increases, rising 2.8% and 2.1% respectively. The overall market turnover was HKD 121.827 billion

AASTOCKS

Tencent Holdings Limited

TENCENT

SHK PPT

Hang Seng Index

Tencent

Meituan

FI CSOP HSI

FI2 CSOP HSI

FI2CAMNDQ100

FL2 CSOP HSI

ISHARESHSI-U

ISHARESHSI

CSOP HS TECH

Krne Csi China Internet

TRACKER FUND

ISHARESHSI-R

"Hong Kong Stocks" The Hang Seng Index rose 197 points in the half-day, New World Development increased nearly 7%, Tencent and Meituan performed well

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The Hang Seng Index opened 66 points higher this morning, reaching a maximum increase of 225 points, closing at 26,578 points, up 197 points or 0.75%. Sun Hung Kai Properties surged 6.8% in the half-day session, declaring an interim dividend of HKD 0.98, with several investment banks raising their target prices. New World Development rose 2.76%, and Cheung Kong Holdings increased by 1.95%. CK Hutchison fell 2.39% due to the termination of its Panama port concession. Technology stocks generally rose, with Tencent up 2.83% and MEITUAN up 2.05%. U.S. tech stocks were affected by a significant drop in NVIDIA, with the three major indices showing mixed performance

- The Hang Seng Index opened 66 points higher and peaked at 26,606, closing at 26,578, up 197 points or 0.75% with a turnover of 121.83 billion HKD.  
- Notable gains included New World Development, which rose 2.76%, while Longfor fell 2.39% amid challenges with its Panama operations.  
- In US markets, Nvidia's significant drop negatively impacted tech stocks, with the Nasdaq falling 273 points or 1.18%, while local stocks experienced mixed trading and a net outflow of 7.366 billion HKD.

Stheadline

NWDS CHINA

NEW WORLD DEV

The Hang Seng Index rose 1.97% in the half-day, Sun Hung Kai Properties surged 6.8%, New World Development increased by 2.7%, and ATM rose by 1% to 2.8% | Hong Kong stock market opens

HSCEI

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Hong Kong stocks opened higher this morning, with the Hang Seng Index rising 66 points to 26,447 points. The National Index and the Hang Seng Tech Index opened up 3 points and 7 points, respectively. In the tech sector, Baidu's net profit for the fourth quarter fell by 42%, with ADR shares dropping by 5.7%. Meituan delayed the launch of its plan, with its stock opening up 0.7%. Tencent opened down 0.3%, while Alibaba opened flat. In the automotive sector, BYD opened down 0.1%, and XPeng opened up 1.9%. In the financial sector, HSBC opened up 1.2%

Hang Seng China Enterprises Index

BIDU-SW

Baidu

HSBC HOLDINGS

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

The State Administration for Market Regulation has issued new regulations requiring food delivery platforms to conduct strict reviews of merchant qualifications to ensure the implementation of food safety responsibilities. The new regulations will take effect in June and emphasize that food delivery platforms must register merchants under their real names and conduct substantive reviews to eliminate the phenomenon of "ghost deliveries," ensuring that operating qualifications match actual conditions

The State Administration for Market Regulation issues new regulations for online food delivery to rectify "ghost deliveries."

DRAG

09988

KBAB

The NASDAQ Golden Dragon China Index preliminarily closed down 1.8%. Among popular Chinese concept stocks, Baidu fell 5.6%, BYD fell 4.2%, Meituan fell 3.2%, Li Auto fell 3%, Alibaba fell 2.8%, and Xiaomi, XPeng, WERIDE, and Nio all fell over 2%. Pony.ai rose 4.7%. In terms of ETFs, KWEB preliminarily closed down 2.4%, and CQQQ fell 1.9%

Roundhill China Dragons ETF

iShares MSCI China

WERIDE-W

Invesco Golden Dragon China

BABA-W

NASDAQ Golden Dragon China Index

KraneShares 2x Long BABA Daily ETF

LI AUTO-W

BYD COMPANY

VIPS

01519

83690

HMTD

89988

HBBD

BABA

BABO

BABX

$Vipshops(VIPS.US) released its Q4 2025 results on the evening of Feb 26. Despite earlier lowering guidance, the print still came in weaker: revenue slipped back into negative growth, while expense discipline kept profit growing.Specifically: 1) Core operating metrics — GMV growth stalled again this quarter, with YoY growth under 1%, missing market expectations. The drag came from another decline in active users, down Approx. 400k YoY, and a clear drop in order frequency per user, driving total orders down 5% YoY...

VIPS: Negative Growth Again? 10% Shareholder Return to the Rescue

Meituan has launched a comic drama section "FanTuan Comic Club" within its main app, covering regular comic dramas and AI comic content, all of which are free for users. This marks Meituan's official entry into the comic drama track, becoming a new participant in this field

Meituan launches "FanTuan ManShe," entering the comic drama sector

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In the Hong Kong Stock Connect, CNOOC had a net outflow of HKD 894 million, while Alibaba and YOFC had net outflows of HKD 888 million and HKD 625 million, respectively. The northbound capital saw a net inflow of HKD 18.36 million into Xiaomi Group. In the Hong Kong Stock Connect (Shanghai), DONGFANG ELEC had a net inflow of HKD 125 million, while CNOOC had a net outflow of HKD 626 million. In the Hong Kong Stock Connect (Shenzhen), MEITUAN had a net inflow of HKD 311 million, while Alibaba had a net outflow of HKD 657 million. The total net outflow for the day was HKD 0, with a total transaction amount of HKD 99.929 billion, accounting for 38.54% of the total market transaction amount

CHINA BLUECHEM

CNOOC

COSL

CHINA OILFIELD

DONGFANG ELEC

XIAOMI-W

DEC.LTD

Alibaba

YOFC

BABA 2x Long Daily ETF - GraniteShares

Net outflow of CNOOC in Hong Kong Stock Connect amounted to HKD 894 million

600483

300179

000993

The superhard materials concept fluctuated and rose sharply, with HHWW achieving 2 limit-ups in 3 days, SF Diamond rising over 10%, and LILIANG DIAMOND, Worldia, Boyun New Materials, and Huifeng Diamond following suit. In the morning session, the power sector was active, with green energy leading the rise, JXGNCL achieving 2 consecutive limit-ups, and FUNENG CO.,LTD., DHEP, MEP, NYOCOR Co., Ltd., and CSG Energy also rising

- On February 26, A-shares experienced a downturn amidst the suspension of all raw and spodumene exports by Zimbabwe’s Ministry of Mines.  
- Lithium-related stocks surged, with a notable spike in lithium carbonate prices, reflecting strong market activity despite overall index declines.  
- In contrast, the bond market saw declines, with government bond futures collectively dropping, while commodity futures predominantly rose, particularly for lithium and other materials.

FUNENG CO.,LTD.

SF Diamond

JXGNCL

Worldia

Boyun New Materials

NYOCOR Co., Ltd.

LILIANG DIAMOND

HHWW

CSG Energy

DHEP

The ChiNext Index fell over 1%, lithium mining stocks experienced a surge in limit-up trading, the RMB broke through the 6.84 mark, the Hang Seng Index fell nearly 1%, and tech stocks broadly declined

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PNGAY

The Hang Seng Index closed at 26,656 points, down 109 points or 0.4%; the Hang Seng Tech Index reported 5,171 points, down 89 points or 1.7%. Ping An fell over 3%, while heavyweight stocks such as Alibaba, MEITUAN, Hong Kong Stock Exchange, and Tencent all experienced declines. CKI Holdings, Power Assets, BOC HONG KONG, HSBC, and TINGYI reached new highs

TINGYI

PING AN

CKI HOLDINGS

BOC HONG KONG

Ping An

Ping An Insurance

The "Half-Day Express" reported that the Hang Seng Index closed at 26,656 points, down 109 points; the Hang Seng Tech Index closed at 5,171 points, down 89 points. Ping An fell over 3%, while CK Hutchison, Power Assets, BOC Hong Kong, HSBC, and TINGYI reached new highs

510150

The Hang Seng Index closed at 26,789 points, up 199 points or 0.8%; the Hang Seng Tech Index reported 5,288 points, up 17 points or 0.3%. The China Enterprises Index rose 81 points or 0.9%, closing at 9,088 points. Among the actively traded blue-chip stocks, Meituan, Ping An, Tencent, and Alibaba all saw increases, with Haidilao rising more than 5%. Li Ning, Sinopharm, CHINA RES MIXC, Hengan, and MTR all reached new highs

China Merchants SSE Consumer 80 ETF

LI NING

CHINA RES MIXC

Hang Seng TECH ETF I

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

HSTECH ETF

SINOPHARM

ChinaAMC Hang Seng Technology ETF(QDII)

Dacheng Hang Seng Technology ETF(QDII)

HAIDILAO

The Half-Day Report: The Hang Seng Index closed at 26,789 points, up 199 points; the Hang Seng Tech Index closed at 5,288 points, up 17 points. HAIDILAO rose over 5%, LI NING, SINOPHARM, CHINA RES MIXC, Hengan, and MTR reached new highs

512200

159707

CHIQ

HSBC's research report points out that the Chinese stock market will reopen after the Lunar New Year holiday, focusing on five key data points during the Spring Festival period, including developments in artificial intelligence, real estate, tourism, and consumption. The bank believes that artificial intelligence and the gradual recovery of consumption are the main investment themes, and that mainland internet stocks may rebound. In terms of capital flow, a reduction in interest rate cuts may hinder capital inflows into emerging markets. In real estate, the sales volume of second-hand residential properties has increased, and tourism consumption has also seen a recovery

China Southern CSI All Share Real Estate ETF

Hwabao WP CSI 800 Real Estate ETF

Global X China Consumer

Yinhua CSI Interior Real Estate Theme ETF

Global X Cloud Computing ETF

Global X Robotics & Artificial

Hwabao CSI HK Equities Internet ETF

E Fund CSI HK Connect Internet ETF

HSBC Research recommends focusing on the development of five major areas in China: artificial intelligence, real estate, and consumption

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The Hong Kong stock market opened higher in the morning, with the Hang Seng Index rising 154 points to 26,745 points, and the National Index and Hang Seng Tech Index increasing by 61 points and 45 points, respectively. Technology stocks generally rebounded, with JD.com, Alibaba, and Meituan each opening 1.2% higher, while Tencent and Baidu saw slight increases. In the automotive sector, Li Auto and XPeng opened 1.5% and 2.8% higher, respectively. Financial stocks saw HSBC opening 0.4% higher, while Standard Chartered opened 1.2% lower. Real estate stocks New World Development and Cheung Kong Holdings opened lower

XPENG-W

ALI HEALTH

JD HEALTH

JD.com

Guotai CSI Computer Theme ETF

CAM HS TECH

"Hong Kong Stocks" Hang Seng Index opened high at 154 points, technology stocks rebound

Vips

Financial Analysis

Vipshops

J&T EXPRESS-W

MEITUAN-WR

Meituan HK SDR 5to1

BABA-WR

Alibaba HK SDR 5to1

YieldMax BABA Option Income Strategy ETF

Just bought my first Hong Kong stock, Meituan, through Stock Connect.I think Wang Xing is a tough guy who won't be knocked down.Finally got to experience Stock Connect.The overall operation was okay.Still figuring it out.Not investment advice!

Today’s Key News Recap

Feb 6 | Dolphin Research focus: 🐬 Stock 1, $BABA-W(09988.HK) Alibaba's Qwen app launched a 'Spring Festival RMB 3bn free-order' campaign today. The first wave centers on AI one-line prompts to order milk tea for free.Notably, WeChat further blocked today the promo passwords for red-envelope campaigns run by both Alibaba Qwen and Tencent Yuanbao. As a result, those keywords can no longer be copied or recognized in private or group chats.The move aims to protect WeChat's platform ecosystem and curb over-marketing that disrupts user experience. It also helps defend its social-traffic moat...

TENCENT-R

Amazon

Roblox

Li Auto

DingDong

Alibaba Qwen's Lunar New Year free-order promo was blocked by WeChat; Nio surged after its first-ever quarterly profit | Daily News Recap

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UBMTUAN@EP2607B(25551.HK)

The GEM index fell over 1%, computing hardware collectively adjusted, rare earths surged, the Hang Seng Index rebounded, and the biopharmaceutical sector was active

"Hong Kong Stocks" The Hang Seng Index rose 197 points in the half-day, New World Development increased nearly 7%, Tencent and Meituan performed well

The Hang Seng Index rose 1.97% in the half-day, Sun Hung Kai Properties surged 6.8%, New World Development increased by 2.7%, and ATM rose by 1% to 2.8% | Hong Kong stock market opens

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

The State Administration for Market Regulation issues new regulations for online food delivery to rectify "ghost deliveries."