"Hong Kong Stocks" The Hang Seng Index rose by 37 points, with automotive and consumer stocks increasing while commodity stocks declined

AASTOCKS
2026.02.05 08:38

Hong Kong stocks fell and then rose, with the Hang Seng Index opening down 219 points, dropping 436 points to a low of 26,410 points during the morning session, and later rising 72 points to a high of 26,919 points in the afternoon. It closed up 37 points or 0.1% at 26,885 points; the National Index rose 44 points or 0.5% to close at 9,093 points; the Hang Seng Tech Index rose 39 points or 0.7% to close at 5,406 points. The total market turnover for the day was HKD 315.112 billion.

In the technology sector, Tencent (00700.HK) saw its stock price rise 0.1% to close at HKD 558.5, with a turnover of HKD 43.5 billion. Baidu (09888.HK) plans to repurchase USD 5 billion in shares and will announce its first dividend this year, with its stock price rising 2.7%. Alibaba (09988.HK) and NetEase (09999.HK) rose 0.1% and 0.4%, while Kuaishou (01024.HK) and Bilibili (09626.HK) fell 0.2% and 0.3%. Meituan (03690.HK) and JD.com (09618.HK) rose 1.8% and 0.8%. Additionally, New Oriental (09901.HK) and GuoData (09698.HK) fell 3.1% and 3.4%. Dongfang Zhenxuan (01797.HK) and Xindong (02400.HK) rose 10.7% and 4.1%. Kingdee (00268.HK) rebounded 3.1%.

AI stocks Zhizhu (02513.HK) and MINIMAX (00100.HK) fell 4.8% and 8.6%. In the chip sector, SMIC (00981.HK) and Hua Hong (01347.HK) fell 1.9% and 2.7%, while chip equipment stock ASMPT (00522.HK) fell 6.6%. Mobile component stocks GoerTek (01415.HK) and Lens Technology (06613.HK) fell 3.1% and 4.2%, and wire stock Changfei Optical Fiber (06869.HK) dropped 6.6%.

Gold and silver stocks declined, with China Silver (00815.HK) and China Gold International (02099.HK) falling 6% and 5.6%, while Shandong Gold (01787.HK), Zijin Gold International (02259.HK), Zijin (02899.HK), and Lingbao (03330.HK) fell between 3.9% and 4.8%. Zhaojin (01818.HK) fell 3.2%. Resource stocks Jiangxi Copper (00358.HK), Minmetals Resources (01208.HK), and Luoyang Molybdenum (03993.HK) fell between 5.9% and 6.5%. Chalco (02600.HK) fell 4.7%. The market once again anticipated negotiations between the U.S. and Iran, leading to a softening of oil prices, with Sinopec (00386.HK) falling 2.4%. In other energy stocks, uranium mining stock CGN Mining (01164.HK) fell 7%, and coal stock Shougang Resources (00639.HK) fell 5.2%.

In the financial sector, HSBC (00005.HK) and Hong Kong Exchanges and Clearing (00388.HK) fell 0.4% and 1.4%, AIA (01299.HK) fell 2.5%, and Standard Chartered (02888.HK) fell 3%. Domestic insurance stocks China Life (02628.HK) fell 2.7%, while China Merchants Bank (03968.HK) rose 2.5% BYD (01211.HK) rose 1.4%, Li Auto (02015.HK), Leapmotor (09863.HK), Xiaomi (01810.HK), and Nio (09866.HK) rose between 1.8% and 2.8%. Autonomous driving chip maker Horizon Robotics (09660.HK) rose 3.6%, while autonomous driving developer Pony.ai (02026.HK) fell 4.6%. Automotive parts stock Nexperia (01316.HK) rose 3%. Lithium futures declined, with lithium companies Tianqi (09696.HK) and Ganfeng (01772.HK) dropping 13.3% and 6.6%, respectively. Pharmaceutical stocks Heng Rui (01276.HK), WuXi AppTec (02268.HK), and WuXi Biologics (02269.HK) rose between 2.6% and 2.7%, while Innovent Biologics (09969.HK) and Zai Lab (02367.HK) rose 4% and 5%.

Restaurant stock Yum China (09987.HK) reported a same-store sales growth of 3% last quarter, marking its best performance in two years, with its stock price rising 11.4%. Peers Haidilao (06862.HK) and Yihai (01579.HK) rose 4% and 5.7%. U.S. sportswear stock Nike rose over 5% overnight, while Li Ning (02331.HK) and Shenzhou (02313.HK) rose 2.6% and 3.1%. Other consumer domestic demand stocks, such as Mao Geping (01318.HK) and Miniso (09896.HK), rose 5.3% and 6.2%, respectively, while Mixue (02097.HK) rose 2.9% and Haitian Flavoring (03288.HK) rose 5.2%.

The European Union announced an investigation into Goldwind (02208.HK), causing Goldwind to drop 4.6%. This led to a 70 basis point increase in restaurant profit margins. Domestic property stock Xincheng (01030.HK) fell 13.2%, as the company offered a nearly 15% discount for a rights issue, raising a net amount of HKD 468 million. ZTO Express (02057.HK) is expected to see a year-on-year revenue growth of approximately 9.5% to 12.9%, with gross profit decreasing by about 8.5% to 11.4%, and the stock rose 2.4%

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