Taiwan Semiconductor Manufacturing Company's (TSMC) strong performance, along with this year's revenue guidance reflecting the ongoing AI boom, stimulated a rebound in U.S. tech stocks. The three major indices stabilized on Thursday after a decline, with the Dow Jones closing up 292 points or 0.6% at 49,442 points; the S&amp;P 500 up 17 points or 0.26% at 6,944 points; and the Nasdaq up 58 points or 0.25% at 23,530 points. The Golden Dragon Index, which reflects the performance of Chinese concept stocks, retreated 0.6% to 7,809 points.
TSMC's ADR stock price hit a new high, closing up 4.4% at $341.64. NVIDIA rose 2.13%, AMD increased by 2%, while Micron Technology, Amazon, and Meta all rose nearly 1%. In contrast, Alphabet, Microsoft, and Apple fell by 0.9%, 0.6%, and 0.6%, respectively. Bank stocks performed well, with BlackRock and Morgan Stanley rising over 5%, and Goldman Sachs and Citigroup rising over 4%.
In terms of economic data, the U.S. Department of Labor reported that for the week ending January 10, initial claims for unemployment benefits decreased by 9,000 to 198,000, lower than the expected 215,000. For the week ending January 3, continuing claims for unemployment benefits fell by 19,000 to 1.884 million, also below the expected 1.897 million.
In Hong Kong stocks, the Hang Seng Index opened 171 points higher this morning at 27,094 points. Tencent (700) rose 0.8%; Alibaba (9988) rose 2%; Meituan (3690) rose 1%; Xiaomi (1810) rose 0.37%; JD.com (9618) fell 0.52%.
WuXi Biologics (2269) opened down 3.39% at HKD 38.66, as the major shareholder plans to place 150 million shares at HKD 38.52 each, a discount of 3.75% compared to Thursday's closing price of HKD 40.02.
YouRan Dairy (9858) raised a total of HKD 2.346 billion through a placement to existing and new shareholders, including its controlling shareholder Yili. The placement price is HKD 3.92, an 8.84% discount to Thursday's closing price of HKD 4.3. YouRan Dairy's stock price fell 5.11%.
CK Hutchison Holdings (001) opened up 2.18% at HKD 60.75, reportedly seeking to list Watsons in Hong Kong and London as early as next quarter.
Luoyang Molybdenum (3993) issued a profit warning, expecting an increase of 47.8% to 53.71% last year, opening up 0.98%.
Regarding the northbound capital flow, on Thursday, net selling of Hong Kong stocks amounted to HKD 1.515 billion. Alibaba (9988), Tencent (700), and Semiconductor Manufacturing International Corporation (981) saw net purchases of HKD 1.976 billion, HKD 643 million, and HKD 181 million, respectively; while China Mobile (941), Xiaomi (1810), and CNOOC (883) experienced net selling of HKD 791 million, HKD 491 million, and HKD 366 million, respectively

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The Hang Seng Index opened 171 points higher this morning, reporting 27,094 points. WuXi Biologics opened down 3.39% as a major shareholder plans to place 150 million shares at HKD 38.52 each to reduce holdings. CKH Holdings opened up 2.18%, reporting HKD 60.75, as it seeks to list Watsons in Hong Kong and London as early as next season. U.S. tech stocks rebounded, with TSMC ADR hitting a new high, closing up 4.4%. The number of initial jobless claims in the U.S. decreased by 9,000, lower than expected

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The Hang Seng Index opened 171 points higher, WuXi Biologics fell 3%, CKH HOLDINGS rose 2% | Hong Kong stock market opens