"Hong Kong Stocks" The Hang Seng Index rose 197 points in the half-day, New World Development increased nearly 7%, Tencent and Meituan performed well

After the Hong Kong stock market's futures settlement day on the 26th, which saw a drop of 384 points or 1.4%, the market rebounded in the early session today (27th). The Hang Seng Index opened 66 points higher and the gains expanded, reaching a peak of 225 points at 26,606 points. By midday, it rose 197 points or 0.75%, closing at 26,578 points; the Hang Seng China Enterprises Index increased by 35 points or 0.4%, closing at 8,849 points, while the Hang Seng Tech Index rose by 53 points or 1%, closing at 5,162 points. The total turnover of the market at midday was HKD 121.827 billion.

In the real estate sector, Sun Hung Kai Properties (00016.HK) reported a 17% increase in basic profit for the half-year, with an interim dividend raised to HKD 0.98. Its stock price rose by 6.8%, with brokers noting that the increased dividend was surprising and indicated higher future earnings transparency. New World Development (00017.HK), Sino Land (00083.HK), and Cheung Kong Holdings (01113.HK) rose between 2% and 2.8%.

In the technology sector, Baidu (09888.HK) reported a 42% year-on-year decline in non-GAAP net profit for the fourth quarter of last year, slightly exceeding market expectations, and its stock rebounded by 0.7% in the early session. It was reported that Meituan (03690.HK) postponed its Keeta launch plan in Rio de Janeiro, Brazil, and its stock rose by 2.1%. Tencent (00700.HK) and NetEase (09999.HK) increased by 2.8%, while Alibaba (09988.HK) and JD.com (09618.HK) rose by 1% and 0.8%, respectively. Kuaishou (01024.HK) fell by 1.2%, while Bilibili (09626.HK) rose by 3.2%. In the chip sector, SMIC (00981.HK) fell by 0.8%, Hua Hong Semiconductor (01347.HK) dropped by 2%, and Innodisk (02577.HK) and Bairun (06082.HK) fell by 3.4% and 3.9%, respectively.

In the AI sector, Zhizhu (02513.HK) fell by 0.7%, while Haizhi Technology (02706.HK) and MiniMax (00100.HK) dropped by 10.1% and 9.1%, respectively. SenseTime (00020.HK) and Yunzhisheng (09678.HK) rose by 6.1% and 7.6%. Cloud service provider Kingsoft Cloud (03896.HK) and software company Kingdee (00268.HK) rose by 9.1% and 4.3%. In the wire sector, Changfei Optical Fiber (06869.HK) rose by 3.8%, while power equipment stock Dongfang Electric (01072.HK) retreated by 4.6%.

In the automotive sector, BYD (01211.HK) and Xiaomi (01810.HK) fell by 0.4% and 0.3%, respectively. Reports indicated that Stellantis (STLA.US) is researching the introduction of Leapmotor (09863.HK) technology to reduce costs for European budget brands, and Leapmotor fell by 1.3%. Stocks related to autonomous driving, Xiaoma Zhixing (02026.HK) and Hesai (02525.HK), rose by 6.8% and 4.6%. In the pharmaceutical sector, BeiGene (06160.HK) turned from loss to profit for the full year, with a net profit of USD 287 million, and its stock price fell by 2.3%. WuXi AppTec (02268.HK) and WuXi Biologics (02269.HK) rose by 7.6% and 4.2%, while CSPC Pharmaceutical (01093.HK) rose by 2.9%.

In the financial sector, HSBC (00005.HK) and AIA (01299.HK) rose by 1.3% and 1.6%, respectively, while Hong Kong Exchanges and Clearing (00388.HK) rose by 0.5%. Standard Chartered (02888.HK) increased by 2.9% to HKD 200, while Postal Savings Bank (01658.HK) fell by 2.2% CK Hutchison Holdings (00001.HK) fell 2.4% in early trading. Cement stocks Anhui Conch Cement (00914.HK) dropped 3.3%, and Conch Venture (00586.HK) fell 4.2%. Airline stocks China Southern Airlines (01055.HK), China Eastern Airlines (00670.HK), and Air China (00753.HK) declined by 3.6% to 4%. Gold retail stock Lao Pu Gold (06181.HK) rose 4.3%