JPKSCLD@EC2610B

TRANSTHERA-B

ASIA STRAT TECH

SUMMI

MANY IDEA CLOUD

ZHONGMIAO

SKYMISSION GP

NICHE-TECH SEMI

KFM KINGDOM

INCON

CHINA CHENGTONG

00700

09888

09988

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During the trading session, the three major indices of the Hong Kong stock market strengthened collectively, with the Hang Seng Index rising by 1.54% and the Hang Seng Tech Index soaring by 3.06%. In terms of sectors, internet content, retail, and hardware sectors led the gains, with leading stocks such as TENCENT, Alibaba, and XIAOMI showing strong performance, significantly boosting market sentiment. Funds are focusing on macro data and policy guidance, with TENCENT temporarily leading in trading volume at HKD 9.82 billion. As of the time of writing, overall trading volume is well-matched, but attention should still be paid to the pressure above

- Hong Kong's market shows a positive trend with the Hang Seng Index up 1.54% to 25,710.46, while the Hang Seng Tech Index and the Enterprise Index also increased.  
- Key sectors include internet content, retail, and hardware, with significant gains from Tencent, Alibaba, and Xiaomi, attracting increased capital.  
- The focus on macroeconomic data such as PMI, retail figures, and external factors like capital flows is influencing market sentiment and investment strategies.

LB Select

TENCENT

BIDU-SW

BABA-W

XIAOMI-W

JD-SW

LENOVO GROUP

GEELY AUTO

MENGNIU DAIRY

KNOWLEDGE ATLAS

KINGSOFT CLOUD

XTALPI

Hong Kong stocks intraday | Three major indices collectively strengthen, with Xiaomi Group and Alibaba leading the gains

Kingsoft Cloud Unit to Acquire 20% Stake in Shenzhen One Thing Technologies; Shares Drop 4%

marketscreener

Kingsoft Cloud

Kingsoft Cloud Unit to Acquire 20% Stake in Shenzhen One Thing Technologies; Shares Drop 4%

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02026

09961

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BIDU

The Nasdaq Golden Dragon China Index initially fell by 3.3%. Among popular Chinese concept stocks, Kingsoft Cloud dropped by 8.3%, Jinko Solar fell by 8%, PONY-W decreased by 7.5%, XPeng declined by 6.7%, Xiaomi fell by 5.2%, Alibaba dropped by 4.9%, BYD Company Limited decreased by 4.3%, Baidu fell by 3.9%, and New Oriental EDU & Tech dropped by 3.8%. NetEase and Trip.com-S rose slightly by up to 0.4%

Wallstreetcn

Jinko Solar

PONY-W

TRIP.COM-S

XPENG-W

BYD COMPANY

Xiaomi Corporation

Alibaba

New Oriental EDU & Tech

Jinkosolar

Baidu

BYD Company Limited

Invesco Golden Dragon China

Krne Csi China Internet

NetEase

XPEV

HSAI

.HXC

02525

DRAG

MCHI

The NASDAQ Golden Dragon China Index fell over 5%, KINGSOFT CLOUD dropped 12.44%, Wanwu Xingsheng fell 10.02%, Hesai dropped 9.70%, XPeng fell 8.95%, and EHang dropped 8.59%

XPeng

Hesai

NASDAQ Golden Dragon China Index

HESAI-W

Roundhill China Dragons ETF

iShares MSCI China

The NASDAQ Golden Dragon China Index preliminarily closed down 1.7%, with a cumulative decline of about 5.8% in February. Among popular Chinese concept stocks, Nio fell 4%, Alibaba dropped 2.6%, and New Oriental, Li Auto, JD.com, and others fell over 1%. DAQUAN New Energy rose 0.6%, and Kingsoft Cloud increased by 7%

NIO-SW

Hwabao CSI HK Equities Internet ETF

JD.com

E Fund CSI HK Connect Internet ETF

JD LOGISTICS

Li Auto

KraneShares 2x Long BABA Daily ETF

688111

03888

Beijing Kingsoft Office Software, Inc. reported earnings results for the full year ended December 31, 2025. For the full year, the company reported sales was CNY 5,928.74 million compared to CNY 5,120.84 million a year ago. Net income was CNY 1,842.98 million compared to CNY 1,645.08 million a year ago.Basic earnings per share from continuing operations was CNY 3.98 compared to CNY 3.56 a year ago.

Kingsoft Office

KINGSOFT

Beijing Kingsoft Office Software, Inc. Reports Earnings Results for the Full Year Ended December 31, 2025

01898

STECH

00HSI

00902

600011

The Hang Seng Index closed up 0.95%, and the Hang Seng TECH Index rose 0.56%. JunDa Co., Ltd. had the largest increase, reaching 23.45%; Kingsoft Cloud and Jinli Permanent Magnet rose by 7.69% and 6.7%, respectively. CHINA COAL, Sun Hung Kai Properties, and HPI also saw significant increases. In contrast, Zhaoyi Innovation fell by 7.19%, while MINIMAX and Sanhua Intelligent Control dropped by 2.22% and 2.65%, respectively

CHINA COAL

Hang Seng TECH Index

Hang Seng Index

HUANENG POWER

The Hang Seng Index closed up 0.95%, with varying degrees of rebound in the energy, resources, AI, and innovative pharmaceuticals sectors

KINGSOFT CLOUD rose 10.86%; GDS Holdings Limited rose 1.18%, with a transaction volume reaching HKD 100 million; New Oriental Education & Technology Group rose 10.06%, with a transaction volume reaching HKD 87.59 million; Jiaming Technology rose 1.89%, with a transaction volume reaching HKD 180,000; YunGongChang's market value reached HKD 1.673 billion

HK Stock Movers Tracker

Hong Kong stock movement: KINGSOFT CLOUD rose by 10.86%, with clear capital flow, market sentiment triggered volatility attention

The NASDAQ Golden Dragon China Index preliminarily closed up 1.3%. Among popular Chinese concept stocks, GDS preliminarily closed up 6.7%, Century Internet rose 6.6%, XPeng rose 6.6%, and KINGSOFT CLOUD rose 4.8%

GDS-SW

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01179

The NASDAQ Golden Dragon China Index preliminarily closed down 0.4%. Among popular Chinese concept stocks, Jinko Solar fell 2.4%, Trip.com fell 2.2%, YUM China, Qifu Technology, and WeRide fell over 1%, Alibaba fell 0.9%, and Baidu fell 0.7%. Meanwhile, GDS, KINGSOFT CLOUD, and Daqo Energy rose at least 0.6%, and HWORLD rose 1.6%

Daqo Energy

HWORLD-S

Direxion FTSE China Bull 3X

YUM China

Trip.com

DTCR

Bank of America Securities released a research report, pointing out that the Chinese AI industry has made significant progress recently, including ByteDance launching a new video generation model and KNOWLEDGE ATLAS's GLM-5 programming scheme price increase. The report believes this will drive demand for data centers, particularly optimistic about GDS Holdings and Kingsoft Cloud. In terms of investment ratings, the target price for Century Internet has been raised to $17.9, GDS Holdings to HKD 55.6, and Kingsoft Cloud's target price is HKD 8.8

AASTOCKS

Global X Data Center & Dgtl Infrs ETF

Bank of America Securities: Price increases reflect strong AI demand, optimistic about GDS Holdings and Kingsoft Cloud

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Daiwa released a report listing its preferred stocks in the Hong Kong and A-share markets, including Tencent, LAOPU GOLD, WEICHAI POWER, CHINA RES LAND, Alibaba-W, KINGSOFT CLOUD, Midea Group A, NAURA, CATL A, Moutai, and Montage Technology

ALI HEALTH

NAURA

CATL

Moutai

LAOPU GOLD

WEICHAI POWER

Midea Group

CHINA RES LAND

Montage Technology

Dai Hang Daiwa lists preferred AH stock selection (table)

600547

518880

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Daiwa reiterated its optimistic outlook for the Chinese market, expecting a national GDP target of 5% for 2026. If this target is confirmed at the National Two Sessions, stronger economic stimulus measures may be introduced, focusing on fixed asset investment, consumption, and real estate. Although the likelihood of large-scale stimulus policies is low, gradual measures will boost investment sentiment. LAOPU GOLD and KINGSOFT CLOUD have been included in the preferred list, replacing Shenzhou International and Trip.com

SD-GOLD

Huaan Yifu Gold ETF

SHANGSHAN GOLD

Daiwa: Reiterates Optimistic Outlook on Chinese Market, Includes LAOPU GOLD and KINGSOFT CLOUD in Preferred List

During the bull-bear transition in 2020-2021, the two biggest lessons I personally learned are:1. Don't buy junk stocks, poor businesses, or bad companies during a bull market. In the early stages of a bull market, it's often these companies that surge the most. For example, in the last cycle, companies like $Kingsoft Cloud(KC.US).2. Some companies may seem decent, and it's hard to outright call them bad businesses. In such cases, refer to the second rule: No company is a must-buy. There will always be someone making more money than you, and there will always be stocks outperforming your portfolio. Take today's $SMIC(00981.HK) as an example.

SMIC

JPKSCLD@EC2610B(26269.HK)

Hong Kong stocks intraday | Three major indices collectively strengthen, with Xiaomi Group and Alibaba leading the gains

Kingsoft Cloud Unit to Acquire 20% Stake in Shenzhen One Thing Technologies; Shares Drop 4%

The NASDAQ Golden Dragon China Index fell over 5%, KINGSOFT CLOUD dropped 12.44%, Wanwu Xingsheng fell 10.02%, Hesai dropped 9.70%, XPeng fell 8.95%, and EHang dropped 8.59%