<p>The tariff war triggered by Greenland continues to escalate, with market risk aversion rising. Dow futures fell more than 600 points, dragging down Hong Kong stocks as well. The Hang Seng Index closed at 26,487 points, down 76 points, marking a four-day decline totaling 512 points. The National Index closed at 9,094 points, down 39 points. The Tech Index reported 5,683 points, down 66 points or 1.2%. The total market turnover was HKD 237.7 billion; net inflow from the north was HKD 3.66 billion.</p>
<p>POP MART (9992) surged 9.1% to HKD 197.2, as the company repurchased shares for the first time in two years, involving HKD 250 million.</p>
<p>Heavyweight tech stocks were generally soft, with Xiaomi (1810) down 2.7% to HKD 35.48, hitting a one-year low; Tencent (700) fell 1.5% to HKD 601; Meituan (3690) dropped 1.2% to HKD 97.35; Alibaba (9988) decreased 0.4% to HKD 159.7.</p>
<p>Chinese property stocks were favored, with China Resources Land (1109) up 3.7% to HKD 29.64; China Overseas (688) rising 2.6% to HKD 13.58; Longfor Group (960) increasing 1.5% to HKD 9.67.</p>
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<p>The Hang Seng Index opened 19 points lower this morning and the decline once expanded to 181 points, reaching 26,363 points, before gradually recovering. As of noon, it reported 26,552 points, down 11 points or 0.04%, with half-day turnover of HKD 129.8 billion. The Tech Index at noon reported 5,712 points, down 37 points or 0.66%.</p>
<h2>Tech stocks generally soft, Tencent down over 1%</h2>
<p>Tech stocks were generally soft, with Xiaomi (1810) and Tencent (700) down 1.48%; Baidu (9888) down 1.49%; Meituan (3690) down 0.66%; Alibaba (9988) down 0.25%.</p>
<p>Among blue-chip stocks, POP MART (9992) announced a buyback of 1.4 million shares for HKD 251 million, which stimulated the stock price to a high of HKD 199.6, closing at HKD 196.1, up 8.46%, making it the best-performing blue-chip for the half-day.</p>
<h2>Bank of America: Central government releases strong positive signals</h2>
<p>Chinese property stocks also saw support, with China Overseas (688) and China Resources Land (1109) rising 4% and 3.9%, respectively. On the news front, the January Loan Prime Rate (LPR) in mainland China remained unchanged, in line with market expectations. Additionally, Bank of America Securities indicated that the central government's coordinated policies released strong positive signals. Currently, macro indicators have weakened to levels that historically trigger policy implementation, but considering the uncertainty in the profit recovery path, they prefer developers with better asset quality and the ability to drive continuous growth in net asset value, such as China Overseas, China Resources Land, and Jianfa International Group (1908).</p>
<p>On the other hand, influenced by the university holidays and the upcoming pre-sale of the Spring Festival travel rush, the three major airline stocks in mainland China collectively rose, with China Eastern Airlines (670), China Southern Airlines (1055), and Air China (753) increasing by 4.56%, 3.72%, and 2.51%, respectively.</p>
<h2>Shanghai Auntie expects profit increase, stock price rises over 10%</h2>
<h2>In individual stocks, Shanghai Auntie (2589) expects to achieve a net profit of HKD 495 million to HKD 525 million for the full year of 2025, an increase of 50% to 60% compared to the same period last year. The news drove the stock price up 10.77%, closing at HKD 98.75</h2>
<p>U.S. President Donald Trump announced earlier that starting February 1, tariffs will be imposed on eight European countries as punishment for their opposition to the U.S. acquiring Greenland. The European Union is also considering imposing tariffs on U.S. goods worth €93 billion as a counterattack. This news has spurred a surge in safe-haven demand, with gold and silver prices both hitting historical highs on Monday. Spot gold prices reached as high as $4,690 but have since retreated to $4,661 this morning; spot silver prices also peaked at $94.75 this morning, currently reported at $93.47.</p>
<h2>U.S. Stock Market Closed on Monday, Futures Show Significant Decline</h2>
<p>In the U.S. stock market, trading was closed on Monday due to Martin Luther King Jr. Day, but U.S. stock futures showed a significant decline, with the three major index futures down between 0.8% and about 1%. Additionally, major European indices also collectively fell, with the Euro Stoxx 50 index down 1.77%, the UK FTSE 100 index down 0.44%, the French CAC 40 index down 1.78%, and the German DAX 30 index down 1.22%.</p>
<p>In Hong Kong, the Hang Seng Index opened down 19 points at 26,544 points. Tech stocks were under pressure, with Alibaba (9988) down 0.4%; Tencent (700) down 1.5%; Meituan (3690) down 0.2%; Xiaomi (1810) and JD.com (9618) also down 1.3% and 0.1%, respectively; Baidu (9888) fell over 2%.</p>
<h2>POP MART Repurchases Shares for the First Time in Two Years</h2>
<p>POP MART (9992) spent HKD 251 million to repurchase 1.4 million shares yesterday (19th), with a repurchase price of HKD 177.7 to HKD 181.2 per share, marking the company's first repurchase in nearly two years; the stock opened at HKD 190.2, rising over 5%.</p>
<h2>HSBC Expected to Reach a Market Value of £300 Billion</h2>
<p>HSBC (005) Group Chief Executive Officer Michael Roberts stated during an interview with Bloomberg at the World Economic Forum in Davos that HSBC is on track to achieve a market value of over £300 billion (approximately HKD 3.14 trillion); the stock opened at HKD 129.1, up 1.7%.</p>
<p>Related Article: HSBC Expected to Rise Over 50% in Stock Price, &#34;£300 Billion Market Value is Just Around the Corner,&#34; Warning that Greenland Turmoil Brings Challenges</p>
<h2>China Duty Free Group Acquires DFS Hong Kong and Macau Business</h2>
<p>China Duty Free Group (1880) will acquire DFS's travel retail business in Hong Kong and Macau, as well as its intangible assets in the Greater China region. At the same time, LVMH Group and the Miller family will participate in the capital increase of China Duty Free Group by subscribing to its newly issued H shares in Hong Kong. China Duty Free Group opened at HKD 89.85, up 2.8%.</p>
<p>Regarding the northbound capital flow, there was a net purchase of HKD 2.292 billion in Hong Kong stocks yesterday, with SMIC (981), Hua Hong Semiconductor (1347), and Tencent (700) receiving net purchases of HKD 462 million, HKD 393 million, and HKD 273 million, respectively; while China Mobile (941), UBTECH (9880), and Meituan (3690) saw net sales of HKD 600 million, HKD 517 million, and HKD 287 million, respectively</p>

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<p>The Hang Seng Index closed at 26,487 points, down 76 points, marking a four-day decline. POP MART surged 9.1% against the trend due to its announcement of a share buyback. Technology stocks generally softened, with Xiaomi and Tencent both declining. Mainland property stocks performed better, with CHINA RES LAND and China Overseas both rising. Market risk aversion has increased, influenced by the tariff war between Europe and the United States</p>

- The ongoing trade tensions between Europe and the U.S. regarding Greenland have escalated, resulting in significant market volatility; Dow futures dropped over 600 points.  
- The Hang Seng Index closed at 26,487, down 76 points, marking its fourth consecutive decline.  
- Amid these tensions, several high-profile stocks saw fluctuations, with Bubble Mart experiencing a 9.1% increase following its first share buyback in two years, while major tech shares like Tencent and Alibaba faced declines.

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The Hang Seng Index fell 76 points, while POP MART surged 9% against the trend. There is speculation in the property stocks and domestic airline stocks | Hong Kong stock market closing