[Zhenzhuo HK Stock Experts] US stocks rose first and then fell back on Wednesday, with Anta Sports (02020.HK) becoming the largest shareholder of Puma
Hong Kong Stock Market Trends and Analysis
U.S. stocks rose initially on Wednesday before retreating, with the tech sector leading the way. The market hit a new high early in the session, but after the Federal Reserve announced its interest rate decision, market conditions became volatile, and the three major indices closed mixed. The U.S. dollar fell first before rebounding, and the 10-year Treasury yield rose to 4.24%. Gold prices continued to hit new highs, while oil prices also trended upward. Hong Kong-listed depositary receipts generally declined, and the market is expected to open lower in early trading. Mainland stocks rose yesterday, with the Shanghai Composite Index opening lower but closing up 0.3%. Trading volume in the Shanghai and Shenzhen markets remained strong. Hong Kong stocks continued their strong performance, opening higher and closing at the day's high, reaching a new four-year high. Total trading volume increased to HKD 360 billion. Blue-chip stocks generally rose, with China Special stocks performing particularly well, and tech stocks also trending upward. The recent rally has been sharp, and a short-term consolidation is possible. The index has strong support at 26,800 points, and the market outlook suggests further potential to challenge the 28,000-point level.
Industry News
Anta Sports (02020.HK) $ANTA SPORTS(02020.HK) recently announced an agreement with Groupe Artémis, the investment company of the French Pinault family, to acquire a 29.06% stake in Puma SE, the parent company of the sports brand Puma. The cash consideration is EUR 35 per ordinary share, totaling EUR 1.506 billion. The transaction is expected to be completed by the end of 2026, subject to regulatory approvals and customary closing conditions. The funding for this equity acquisition comes entirely from Anta Group's internal cash reserves. Anta stated that by acquiring this strategically significant minority stake and becoming Puma's largest shareholder, the group aims to further enhance its position and brand recognition in the global sports goods market, thereby strengthening its overall international competitiveness. The group plans to seek full representation on Puma's supervisory board as soon as the transaction is completed. Anta also noted that this acquisition is a key strategic move to advance its "Single Focus, Multi-Brand, and Globalization" strategy. Puma, as a globally renowned and historically significant international sports brand, has extensive global influence in both professional and lifestyle sports. Its global business and product segmentation highly complement Anta's existing multi-brand and specialized portfolio. Puma actively develops record-breaking products for the world's fastest athletes, promoting the development of sports and culture. Puma produces performance and lifestyle products in categories such as football, running and training, basketball, golf, and motorsports. The Puma Group's brands include Puma, Cobra Golf, and stichd. The company's products are sold in over 120 countries, with approximately 20,000 employees worldwide, and its headquarters is located in Herzogenaurach, Germany. The market views the transaction price as reasonable, given Anta's strong net cash position, which is sufficient to fund the deal while maintaining its dividend policy. This equity acquisition is a critical strategic step for Anta to realize its vision of becoming a global multi-brand sportswear group, and the market is expected to react positively.
Harbour Family Office Business Development Director, Alex Kwok, CFA
Date: Thursday, January 29, 2026
(The author is an SFC-licensed professional and does not hold the aforementioned stocks.)
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