"Hong Kong Stocks" Hang Seng Index opened high at 216 points, CNOOC declined, commodity and gold stocks surged

Iran allows non-hostile vessels to pass through the Strait of Hormuz as per regulations, Brent crude oil falls over 6%, and Hong Kong stocks open higher in the morning. The Hang Seng Index opens up 216 points or 0.9%, at 25,280 points; the Hang Seng China Enterprises Index opens up 60 points or 0.7%, at 8,559 points; the Hang Seng Tech Index opens up 47 points or 1%, at 4,878 points.

In the oil sector, CNOOC (00883.HK) opens down 3.2%, and Kunlun Energy (00135.HK) opens down 6%. Gold prices rise back above $4,500, with ZIJIN MINING (02899.HK) and Zhaojin Mining (01818.HK) opening up 3.8%, Shandong Gold (01787.HK) opening up 4.5%, China Gold International (02099.HK) and Lingbao Gold (03330.HK) opening up 5.6% and 6.8%, respectively. In the commodities sector, Luoyang Molybdenum (03993.HK) opens up 6.7%, with China Minmetals Resources (01208.HK) and Jiangxi Copper (00358.HK) opening up 5.5% and 4.4%, respectively. Hongqiao Group (01378.HK) and Chalco (02600.HK) open up 3.1% and 3.3%.

In the pharmaceutical sector, Innovent Biologics (01801.HK) and Eli Lilly (LLY.US) strategic cooperation agreement takes effect, clarifying that Eli Lilly has no intention of acquisition, with stock price opening up 2.5%. WuXi Biologics (02269.HK) reports a 46% increase in annual net profit, with stock price opening up 1.1%. China Resources Pharmaceutical (03320.HK) reports a 21% increase in last year's net profit, with stock price opening up 5.2%.

In the technology sector, Xiaomi (01810.HK) reports a 24% year-on-year decline in adjusted net profit for the fourth quarter last year, with stock price opening down 2%. SenseTime (00020.HK) narrows annual losses to RMB 1.766 billion, with EBITDA turning positive for the first time in the second half, with stock price opening up 3.1%. Tencent (00700.HK), Meituan (03690.HK), and JD.com (09618.HK) open up 1% to 1.2%, while Alibaba (09988.HK), NetEase (09999.HK), and Kuaishou (01024.HK) open up 1.5% to 1.8%. Ping An Good Doctor (01833.HK) reports a 1.61 times increase in adjusted annual net profit, with stock price opening up 4%.

In the AI sector, Zhizhu (02513.HK) and MiniMax (00100.HK) open up 4.6% and 2.9%. In the automotive sector, BYD (01211.HK) opens up 1.9% at HKD 109, while Nio (09866.HK) and XPeng (09868.HK) open up 1.3% and 1.2%.

In the financial sector, HSBC (00005.HK) and Hong Kong Exchanges and Clearing (00388.HK) open up 0.6%, while AIA (01299.HK) opens up 1.6% Nongfu Spring (09633.HK) reported a 31% increase in annual net profit, with the stock price opening 6% higher. Citigroup noted that Nongfu Spring's net profit last year exceeded market expectations by 6%, mainly benefiting from better-than-expected revenue growth, particularly in tea beverages. Surprisingly, sales growth across all categories accelerated in the second half of 2025 compared to the first half (tea beverages: 38% increase in the second half of last year compared to a 20% increase in the first half; packaged water: 25% increase in the second half of last year compared to an 11% increase in the first half).

Haidilao (06862.HK) reported a 14% decline in annual net profit, with the stock price opening 4% lower. WH Group (00288.HK) reported an 8% increase in annual net profit before biological fair value adjustments, with the final dividend slightly increasing to 41 cents, and the stock price opening 5% higher. China Telecom (00728.HK) reported a 0.5% increase in annual net profit, with the stock price opening 0.4% lower