【HK Stock Market】Hang Seng Index rose over 300 points in early trading; Alibaba up over 2%, Xiaomi weakened after earnings; Zijin Mining up over 2%, CNOOC down 3% (Continuously updated)

【Hang Seng Index / HS / Hang Seng / 恒指 / 港股 / 夜期 / ADR】Hong Kong stocks continued to rise by 200 points. Signs of easing in Middle East conflicts, the Hang Seng Index opened higher by 216 points, opening at 25,280 points, with a turnover of 4.92 billion yuan. Xiaomi (01810) fell 2% after earnings, Alibaba (09988) rose over 1%, Zijin (02899) increased nearly 4%, and CNOOC (00883) declined 3%.

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Market Trends:

【10:26】【CKH sells port assets】CKH Panama Port claims damages exceeding $2 billion, accusing the Panama government of attempting to delay international arbitration.

【10:19】CKH (00001) rose 2%, reports indicate its Panama port company has expanded its claim in an international arbitration case against Panama, stating that one month after the Panama government “illegally took over” port terminals and company assets, losses have now exceeded $2 billion.

【10:16】The Hang Seng Index initially rose up to 326 points, reaching 25,390 points, but the upward momentum has slowed to about 207 points, at 25,271 points, with a turnover of 90.5 billion yuan. The Tech Index rose 1.4% to 4,900 points.

【09:43】SenseTime (00020) narrowed its net loss, with shares rising over 5%, reaching a high of 2.02 yuan.

【SenseTime earnings】Last year, SenseTime’s net loss narrowed by 59% to 1.77 billion RMB; the first EBITDA in the second half.

【09:43】WH Group (00288) shares rose over 4% after earnings, reaching a high of 10.05 yuan earlier.

Pork stock earnings｜WH Group: China’s meat sales are expected to turn positive this year, the Middle East war has limited impact, full-year pre-biological fair value adjustment net profit increased by 8.2%, and a final dividend of 0.41 yuan.

【09:43】Zijin (02899) increased over 4%, Zijin Gold International (02259) up over 7%, Shandong Gold (01787) up 5%, Lingbao Gold (03330) up 8%.

【Gold Price Trend】Gold prices ended nine consecutive declines! Spot gold rose back above $4,500, with a single-day increase of 1,800 yuan per tael in Hong Kong.

【09:22】The Hang Seng Index opened higher by 216 points, at 25,280 points, with a turnover of 4.92 billion yuan. Xiaomi (01810) fell 2% after earnings, Alibaba (09988) rose over 1%, Zijin (02899) increased nearly 4%, and CNOOC (00883) declined 3%.

【1810 Earnings】Xiaomi’s Lu Weibing admitted that rising memory prices pose a significant challenge; this year, 16 billion RMB was invested in AI; Q4 revenue increased 7.3% year-over-year; adjusted profit of 6.35 billion RMB exceeded expectations (second edition).

【09:08】Hang Seng futures rose about 91 points, at 25,138 points.

【07:45】【Morning Brief】Trump: Rubio and Vance involved in Iran negotiations｜Xiaomi Q4 adjusted profit of 6.35 billion RMB exceeds expectations.

【07:45】Signs of easing in Middle East conflict, waiting for oil prices to fall. Night futures closed up 11 points, at 24,972 points. China concept stocks fell 0.4%, closing at 6,771 points.

More Hong Kong ADRs and Chinese concept stock quotes:

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【07:30】Multiple US media reports indicate that the US is engaging with Iran on a ceasefire plan. Iranian officials deny Trump’s claims of behind-the-scenes negotiations but confirm that the US has sent messages and proposals. US stocks are slightly weak, with the Dow dropping 438 points to a low of 45,769, closing down 84 points at 46,124. The S&P 500 fell 0.4% to 6,556, and the Nasdaq dropped 0.8% to 21,761.

See US stock market close for details:

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Hong Kong stocks yesterday’s market situation, for details see: 【Hong Kong Stocks Night Futures + ADR + Northbound Funds】 Night futures closed up 11 points, Baidu US stocks underperformed Hong Kong by 2%.

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