UB#MTUANRP2812I

TOUYUN BIOTECH

ONE MEDIA GROUP

JINYUAN HCHEM

C FIN INT INV

CH DEMETER FIN

FINET GROUP

SMART DIGI TECH

CHINA RISUN GP

AOM INT'L

KO YO GROUP

01171

STECH

600188

03690

The Hang Seng Index closed at 25,579 points, down 318 points or 1.2%; the Hang Seng TECH Index reported 4,994 points, down 60 points or 1.2%. Among the active heavyweight stocks, Alibaba fell 2.3%, Meituan dropped 1.7%, and Tencent decreased by 1.1%. CMOC fell 5.5%, and NONGFU SPRING dropped 5.4%. CNOOC and China Shenhua hit new highs, rising 3.4% and 3.1% respectively

AASTOCKS

YANKUANG ENERGY

Hang Seng TECH Index

CHINA SHENHUA

CMOC

NONGFU SPRING

MEITUAN

Hang Seng Index

CNOOC

CHINA OILFIELD

CHINA BLUECHEM

COSL

CSEC/China Shenhua

FI CSOP HSI

FL2 CSOP HSI

The Half-Day Express reports that the Hang Seng Index fell by 318 points; the Hang Seng TECH Index dropped by 60 points. CMOC fell over 5%. CNOOC, China Shenhua, CHINA RISUN GP, Qingsong Health, and YANKUANG ENERGY reached new highs

300303

300323

002449

300241

301396

300162

600703

The MicroLED concept quickly surged, with BOE HC SemiTek rising over 13%, JUFEI, SANAN, Ledman, NATIONSTAR, and Refond also following suit. In the early trading session, the computing power leasing concept was active, with GloryView rising over 10%, setting a new historical high, and State Grid Information & Communication, Yuntian Lifei, Chuangye Heima, Meili Cloud, Qunxing Toys, and Digital China also rising

- The A-shares market fluctuated with sectors like oil, gas, and chemicals rising amid ongoing geopolitical tensions affecting energy supply, particularly in the Strait of Hormuz.  
- As of the latest reports, the Shanghai Composite Index increased by 0.13%, while the Hong Kong Hang Seng Index decreased by 0.59%.  
- Commodity futures also saw significant gains, with crude oil up by 16% and fuel rising nearly 15%, indicating a broader positive trend in domestic commodity markets.

Wallstreetcn

JUFEI

BOE HC SemiTek

NATIONSTAR

Refond

GloryView

Ledman

SANAN

The Shanghai Composite Index rose slightly, oil and gas, and chemicals surged again, the Hang Seng Index peaked and then fell back, tech stocks adjusted, and crude oil futures soared by 16%

MPNGY

BYDDY

00700

TCTZF

09868

TCEHY

09866

The Nasdaq Golden Dragon China Index initially closed down 0.7%. Among popular Chinese concept stocks, Tencent fell 4%, Nio fell 3.6%, XPeng fell 3%, Meituan fell 2.4%, and PDD fell 1.8%; BYD rose 1.1%, JD rose 1.4%, XPeng rose 2.3%, and Li Auto rose 3.1%

Meituan

BYD Company

TENCENT

LI AUTO-W

PONY-W

Tencent Holdings Limited

BYD COMPANY

JD-SW

XPENG-W

Tencent

Invesco Golden Dragon China

BYD Company Limited

JD.com

NIO-SW

09698

XPEV

At the beginning of the U.S. stock market, Chinese concept stocks showed mixed performance. CSI Solar rose over 4.9%, Li Auto rose 4.6%, XPeng rose 2.8%, Daqo Energy rose 2.3%, WERIDE rose 1.9%, BYD, BEKE, and JinkoSolar rose over 1%, and Nio rose 0.8%. Meanwhile, Xiaomi, Meituan, and PDD fell by as much as 1.9%, Huazhu, Leapmotor, and TENCENT fell by up to 2.7%, Century Internet fell 3%, GDS fell 4.1%, Kingsoft Cloud fell 4.5%, and TENCENT fell 4.6%

GDS-SW

XPeng

Daqo Energy

TME-SW

Li Auto

CSI Solar

HWORLD-S

WERIDE-W

BEKE-W

Meituan announced the upgrade of its "Star Eye" large model and integrated software-hardware service system, which is planned to be launched in April 2025. The new system will address issues such as high costs, high latency, and privacy protection in food safety scenarios through "end-cloud collaboration" and Agent technology architecture, achieving a shift in risk supervision from "post-event tracing" to "real-time blocking." Currently, pilot projects have been conducted in the field of catering food safety monitoring

Meituan upgrades the "Star Eye" large model, shifting food safety governance from "kitchen monitoring" to "full-chain risk control"

01810

09988

BABA

XIACY

BABX

02828

KBAB

The total short selling amount in the Hong Kong stock market reached HKD 37.56 billion, accounting for 21.6% of the turnover of shortable stocks. The main shorted stocks include Tencent, Alibaba, Xiaomi Corporation, Meituan, and HSCEI ETF, with short selling ratios of 20.9%, 19.7%, 35.6%, 50.9%, and 18.2% respectively

XIAOMI-W

BABA-W

Alibaba

Xiaomi Corporation

BABA 2x Long Daily ETF - GraniteShares

HSCEI ETF

KraneShares 2x Long BABA Daily ETF

The total short selling in Hong Kong stocks for the day was HKD 37.56 billion, accounting for 21.6% of the turnover of shortable shares

06869

09888

The three major indices of the Hong Kong stock market slightly adjusted today, with the Hang Seng Index, Hang Seng Tech Index, and the National Enterprises Index failing to continue reaching new highs during this phase, as the market oscillated around previous highs. The internet and telecommunications sectors showed mixed performance, with Tencent Holdings and Alibaba experiencing slight declines, while Changfei Fiber Optics fell 7.23%, leading the decline among popular stocks. Shandong Molong and CATL strengthened against the trend, with overall trading activity being active, as market sentiment leaned towards caution during the intermittent macro data period

- Today's Hong Kong stock market saw slight declines with cautious sentiment, as the Hang Seng Index closed at 25,898.76, down 0.24%.  
- Key sectors experienced mixed performances, with notable declines in retail stocks like Meituan, which fell 2.15%.  
- Shandong Molong surged 17.29%, becoming a focal point for market interest despite overall profitability concerns in sectors like communication equipment.

Market Heartbeat

YOFC

CHALCO

HORIZONROBOT-W

SUNNY OPTICAL

KUAISHOU-W

BIDU-SW

NANJING PANDA

SHANDONG MOLONG

QUANTGROUP

Hong Kong stock market closing | Hang Seng Index down 0.24%, high-level consolidation, Shandong Molong surged 17.29%

00100

02513

China restricts state-owned enterprises and government agencies from running OpenClaw AI applications on office computers, leading to a decline in related concept stocks. MiniMax's stock price fell 8.28% to 1,119 yuan, KNOWLEDGE ATLAS fell 5.55% to 613 yuan, Meituan fell 2.65% to 77 yuan, and TENCENT fell 0.18% to 552.5 yuan

MINIMAX-WP

KNOWLEDGE ATLAS

It is reported that mainland China restricts state-owned enterprises from installing OpenClaw MiniMax, which fell more than 8% in the afternoon

02627

00175

GELYY

GELHY

The Hang Seng Index closed at 25,981 points, up 21 points or 0.1%; the Hang Seng TECH Index reported 5,073 points, up 13 points or 0.3%. Among the actively traded heavyweights, Meituan fell 2.7%, Tencent rose 0.5%; Geely rose over 8%, while Health 160 and AB&B BIO-TECH-B reached new highs

AB&B BIO-TECH-B

GEELY AUTO

Geely Auto

GEELY AUTOMOBILE HOLDINGS LIMITED SPON ADS EACH REP 20 ORD

The Half-Day Report: The Hang Seng Index closed at 25,981 points, up 21 points; the Hang Seng TECH Index closed at 5,073 points, up 13 points. Geely rose over 8%, while Health 160, AB&B BIO-TECH-B, Guofu Quantum, Innovation Industry, and Jiaxin International Resources reached new highs

DIDIY

Citigroup's research report pointed out that Keeta's delay in entering the Rio de Janeiro market is not surprising due to the numerous exclusive agreements held by competitors. This setback may provide positive insights for competitors like DiDi and iFood, alleviating the pressure on DiDi's assumption of EBITDA losses in international business by 2026. Despite ongoing tensions in the Middle East, Keeta's delivery business in the Gulf Arab countries remains resilient. Meituan faces intense competition in its Chinese operations, and Citigroup maintains its "Neutral/High Risk" rating with a target price of 94 yuan

DiDi

"Big Banks" Citigroup: Keeta delays expansion plans in Rio de Janeiro, Meituan's business in China still faces intense competition

DRAG

The Nasdaq Golden Dragon China Index preliminarily closed up 1.9%. Among popular Chinese concept stocks, Nio had the largest increase, preliminarily closing up 15%; Century Internet rose 13.5%; WeRide increased 7.2%; Tencent rose 10%; Alibaba increased 3.1%; Baidu rose 2.4%; XPeng rose 2.2%. Meituan and BYD both fell 1.5%

iShares MSCI China

Hua Xia CSI New Energy Vehicles ETF

Krne Csi China Internet

NIO Inc

Roundhill China Dragons ETF

Direxion FTSE China Bull 3X

Citi expects Meituan's new business losses in the fourth quarter of 2025 to expand to RMB 3.3 billion, with delivery business revenue potentially decreasing by 14% year-on-year due to a decline in order value and commission rates. Total revenue is expected to grow slightly by 2% to RMB 90 billion, with adjusted losses maintained at RMB 13 billion. The bank has lowered its net profit forecasts for Meituan for the fiscal years 2025 and 2026 by RMB 3.3 billion and RMB 100 million, respectively, maintaining a "Buy" rating with a target price of RMB 135

In "The Big Banks," Citigroup expects Meituan's new business losses to expand to 3.3 billion RMB in the fourth quarter

The China concept index rose over 1.7%, with the Nasdaq Golden Dragon China Index up 1.76%, closing at 7083.84 points. XPeng rose 6.4%, BYD rose 6%, and Meituan rose 5.7%. The China Technology Index ETF (CQQQ) rose 3.01%, and the China Internet Index ETF (KWEB) rose 2.79%

Invesco China Tech

The China concept index closed up over 1.7%, CQQQ rose 3%

.HXC

The NASDAQ Golden Dragon China Index preliminarily closed up 1.8%. Among popular Chinese concept stocks, XPeng rose 6.4%, BYD rose 6%, Meituan rose 5.7%, Li Auto and Nio rose over 3.8%, Baidu rose 2.9%, Tencent rose 2.4%, Alibaba rose 1.4%, NetEase fell 0.1%, and WeRide fell 1.4%

NASDAQ Golden Dragon China Index

Baidu

NetEase

Vips

Financial Analysis

$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...

Vipshops

J&T EXPRESS-W

MEITUAN-WR

Meituan HK SDR 5to1

BABA-WR

Alibaba HK SDR 5to1

YieldMax BABA Option Income Strategy ETF

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

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

DingDong

NIO Inc. USD OV

Tencent HK SDR 10to1

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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It is terrible that silver's entire gains are wiped out. Where did the money go to?

Featured

I’m surprised to hear about the threat to $Novo Nordisk AS(NVO.US). I thought their drug would be protected by patents.

Dacai

Amzn down 10% is not a surprise with all other tech companies also falling greatly after announcing more than expected capex for 2026. US traders taking profits before tax season, people panic selling, institutions force selling to drive down the prices are what's causing this dip in the stock market. Eventually, these institutions will also be the ones buying the bottom and driving the rally once more. Investors just sit tight and dca into the stocks they have conviction and wait out.

Grab

NewUser_CkrdqW 

Current rate of return reached top 10% of users
Calculated based on  your Longbridge (Singapore) A/C

Rate Of Return

A sharp contrast between overvalued US tech stocks that we priced for perection Vs Chinese NIO that is beaten down and with lowered expectations.

LazyCat

Dividend Collector

Current rate of return reached top 30% of users
Calculated based on  your Longbridge (Singapore) A/C

Metals &amp; AMZN crash on a wild Friday. A $717M deal and Nio's profit surprise inside. Share your view &amp; earn Task Coins!

Hims & Hers Health

ETFS Capital Ltd.

ING Groep

Spotify

Hasbro

Guess

SPDR Gold Shares

iShares Silver Tr

Pro Ultr Silver

GLD SG

Qualcomm

🔥 Market Snapshot:  Metals Crash, AMZN Plunge & $717M Deal | Feb 6, 2026

UB#MTUANRP2812I(57813.HK)

The Half-Day Express reports that the Hang Seng Index fell by 318 points; the Hang Seng TECH Index dropped by 60 points. CMOC fell over 5%. CNOOC, China Shenhua, CHINA RISUN GP, Qingsong Health, and YANKUANG ENERGY reached new highs

The Shanghai Composite Index rose slightly, oil and gas, and chemicals surged again, the Hang Seng Index peaked and then fell back, tech stocks adjusted, and crude oil futures soared by 16%

The Nasdaq Golden Dragon China Index initially closed down 0.7%. Among popular Chinese concept stocks, Tencent fell 4%, Nio fell 3.6%, XPeng fell 3%, Meituan fell 2.4%, and PDD fell 1.8%; BYD rose 1.1%, JD rose 1.4%, XPeng rose 2.3%, and Li Auto rose 3.1%

Meituan upgrades the "Star Eye" large model, shifting food safety governance from "kitchen monitoring" to "full-chain risk control"