The Hang Seng Index rose 145 points, takeaway-related stocks may face selling pressure | Hong Kong stock market opens

Last week, the U.S. Supreme Court did not make a ruling on the legality of President Trump's tariff policy. Foreign media reported that the court will announce its opinion on this matter on Wednesday (14th), but it is unknown whether the opinion will be related to tariffs. Although the non-farm data released by the U.S. last Friday was worse than expected, the unemployment rate decreased, and the market generally maintains expectations for two interest rate cuts in the U.S. this year. U.S. stocks closed higher last Friday, and the Hang Seng Index night futures rose over 0.6%. Analysts indicated that due to funds possibly flowing more towards U.S. stocks, the Hang Seng Index is expected to fluctuate between 25,700 points and 26,850 points. Additionally, a survey of food delivery platforms in mainland China suggests that related delivery companies may face selling pressure.The Dow Jones and S&P 500 indices in the U.S. set new closing highs again last Friday, while the Hang Seng Index night futures rose by 167 points, 176 points higher than the Hong Kong stock market closing. However, the Golden Dragon Index, which reflects the performance of Chinese concept stocks, fell by 1.3%. The vice chairman of the Hong Kong Stock Analysts Association, Zeng Yongjian, stated that since the Venezuela incident, macro funds have been more inclined to flow into U.S. stocks. As for Hong Kong stocks, the recent lack of clear direction is mainly due to the market's continued focus on mainland economic performance. It is estimated that the Hang Seng Index will maintain a fluctuating market pattern in the short term, and if U.S. stocks do not significantly decline or adjust, the Hang Seng Index's fluctuation range will be between 25,800 points and 26,700 points. He reminded investors to pay attention to whether the central government will introduce monetary policy to stimulate domestic demand before the Spring Festival and to be wary of external political situations, such as sudden events in the Middle East that may trigger "gray rhino" risks in the financial market. Independent analyst Lu Bingjun stated that regardless of tariffs or worse-than-expected non-farm data, the recent trend of Hong Kong stocks has already reflected these factors in advance, and it is expected that Hong Kong stocks will fluctuate in the range of 25,700 points to 26,850 points in the short term.Four New Stocks Including Howie Group to List This WeekRecently, mainland officials have launched a competitive investigation into food delivery platforms. Zeng Yongjian pointed out that the official investigation into food delivery platforms may create short-term pressure on the three major leading companies in the sector, especially Meituan, one of the leaders, whose stock price has weakened and has fallen below the rebound support level of around HKD 100 over the past two months, potentially facing a new wave of selling pressure. Lu Bingjun stated that the official intervention in the market competition of food delivery platforms may help cool down the trend of vicious competition among these platforms, which could be beneficial for their stock prices to slow down their decline.This week, four new stocks, including Howie Group (501), Hongxing Cold Chain (1641), Zhaoyi Innovation (3986), and BBSB INTL (8610), will be listed on the Hong Kong Stock Exchange. Additionally, health product manufacturer Xianle Health, listed on the Shenzhen Stock Exchange, recently announced that it has reviewed and approved the proposal for the company to issue H shares and list on the main board of the Hong Kong Stock Exchange. The company explained that this is to deepen the company's global strategic layout, utilize the advantages of international capital markets, create a diversified capital operation platform, enhance capital strength and comprehensive competitiveness, and accelerate the development of overseas business.Looking ahead to this week, the G7 finance ministers' meeting will be held, and the U.S. Federal Reserve will release the latest Beige Book survey on regional economic conditions. In terms of data, a series of important figures, including the U.S. CPI for December, PPI for November, retail data, and China's total social financing for December, will be released