"Hong Kong Stocks" The Hang Seng Index opened 231 points higher, with Alibaba and POP MART rising 4%

The US Dow Jones Industrial Average rose 306 points or 0.6% on the night of the 22nd, while the Nasdaq increased by 0.9%. The Hong Kong stock market opened higher in the morning, with the Hang Seng Index up 231 points or 0.9%, reporting at 26,861 points; the National Index opened up 87 points or 1%, reporting at 9,201 points; and the Hang Seng Tech Index opened up 55 points or 1%, reporting at 5,817 points.

It is rumored that Alibaba (09988.HK) has decided to support its chip company for independent listing, with Alibaba opening up 3.9% at HKD 171.2. The "four domestic GPU dragons," Suiruan Technology, has had its IPO accepted on the mainland's Sci-Tech Innovation Board, while local listed chip stocks SMIC (00981.HK) and Hua Hong (01347.HK) opened up 0.8% and 0.1%, respectively.

In other tech stocks, Tencent (00700.HK) opened flat at HKD 597.5, Meituan (03690.HK) and NetEase (09999.HK) opened up 0.3% and 0.8%, respectively, Kuaishou (01024.HK) opened up 1.3%, JD.com (09618.HK) opened up 2.6%, and Baidu (09888.HK) opened down 0.8%.

In the automotive sector, BYD (01211.HK) opened up 0.3% at HKD 100, while Geely (00175.HK), Xiaomi (01810.HK), Li Auto (02015.HK), Nio (09866.HK), and XPeng (09868.HK) opened up between 0.7% and 1%. Xiaomi announced a HKD 2.5 billion automatic share buyback plan. Battery stock CATL (03750.HK) launched mass production of light commercial sodium batteries, with its stock price opening flat at HKD 472.2.

In the financial sector, HSBC (00005.HK) opened up 0.5% at HKD 130.4, Hong Kong Exchanges and Clearing (00388.HK) opened up 0.8%, and AIA (01299.HK) opened up 0.1%. In other stocks, reports indicate that POP MART (09992.HK) is releasing a Valentine's Day limited edition "Star People" series, with hidden versions priced nearly 7 times higher, leading to a 4.3% increase in POP MART's stock price. MicroPort Medical (00853.HK) forecasted a turnaround, with at least USD 20 million in profit last year, resulting in a 6.3% increase in its stock price