【Hong Kong Stock Market】Hang Seng Index rises over 100 points to surpass 25,000; Meituan shares up 1% after earnings; BYD up 4% before earnings; Pop Mart stabilizes after decline (updating continuously)

【Hang Seng Index/HSI/Hang Seng Index/HK Stocks/Night Futures/ADR】Hong Kong stocks opened lower and rebounded by over a hundred points. The Hang Seng Index opened down 87 points at 24768 points, then reversed trend upwards, rising 137 points by midday to 24993 points, just a step away from 25000, with a turnover of 135.78 billion HKD. The tech index rose 1% to 4811 points. Meituan (03690) rose over 1% after earnings, while BYD (01211) rose over 4% ahead of earnings. Pop Mart (09992) spent nearly 600 million on buybacks, with its stock price rebounding 0.9%.

US stock dynamics are constantly updated, for details see: Next Page

Financial Journal:

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Live Market Trends:

【13:14】The market’s gains expanded to 209 points, reporting 25065 points.

【13:13】Li Auto (09863) rose nearly 7%, peaking at 49.76 HKD.

【13:01】Hong Kong stocks rose about 166 points in the early afternoon, reporting 25023 points, regaining 25000, with a turnover of 139.7 billion HKD. The tech index rose 1.1% to 4814 points.

【12:54】【Insurance Stock Analysis】Ping An rose 0.7% post-earnings, while China Life stabilized after a sharp drop yesterday. Analysis: Investment losses dragged down performance; which of the two insurance stocks is better?

【12:46】【267 Earnings】CITIC Limited reported a 0.9% increase in annual profit. Final dividend increased by 6.9% to 0.385 CNY.

【12:23】【Mobile Game Stock 2400 Earnings】XD Inc. reported a 89% increase in last year’s profit to 1.54 billion CNY, cancelled dividend, and game business revenue increased by 10.5%.

【12:23】【Pharmaceutical Stock Earnings】Sihuan Pharmaceutical’s net profit fell by 56% last year, and the final dividend was reduced by 68% to 0.03 CNY.

【12:00】The Hang Seng Index rebounded 137 points at midday, reporting 24993 points, just a step away from 25000, with a turnover of 135.78 billion HKD. Meituan (03690) rose over 1% post-earnings, while BYD (01211) rose over 4% ahead of earnings. Pop Mart (09992) spent nearly 600 million on buybacks, with its stock price rebounding 0.9%.

【11:57】【883 Analysis】CNOOC fell over 1% post-earnings, and Credit Lyonnais raised its target price. Analysis: “Its greatest advantage is its sharp extraction costs,” current oil prices at 100 USD ensure good profits.

【11:52】【Resource Stock Earnings】Nanshan Aluminum International saw a 1% increase in profit last year. Alumina prices continue to fall, and business was under pressure in the first half.

【11:40】The market’s gains expanded to over a hundred points, peaking at 24975 points, testing the recovery of the 25000 point mark.

【11:23】Before the midday closing, the Hang Seng Index rose about 43 points, touching 24900 points.

【11:17】【3690 Analysis】Meituan rose about 2% post-earnings. Citigroup raised its rating and target price. Analysis: Current levels are “very cheap,” but it is expected that the business will not perform particularly well in the next two to three quarters.

【10:58】BYD (01211) rose over 4%, peaking at 107.7 HKD.

【10:47】Meituan (03690) turned positive, rising 3%, peaking at 90.7 HKD, driving the market up about 80 points, reporting 24935 points, with a turnover of 98.9 billion HKD. The tech index rose 0.9% to 4805 points.

【10:42】【9992】Pop Mart’s stock price stopped the decline and rebounded 4%. Spent nearly 600 million on buybacks; the stock has cumulatively dropped by 30% in the two days following the earnings announcement.

【10:24】MINIMAX (00100) fell 6%, hitting a low of 920 HKD, while Zhiyun (02513) fell half a percent, hitting a low of 641.5 HKD.

【10:15】BYD (01211), which is due to announce earnings today, has seen its stock price rise before earnings, currently up over 3%, peaking at 107.5 HKD.

【10:12】Innovent Biologics (01801) rose nearly 7% post-earnings, peaking at 85.55 HKD.

【1801 Earnings】Innovent Biologics achieved profitability for the first time last year, earning 814 million CNY, and maintained no final dividend.

【10:09】Zijin (02899) rose 0.4%, Zijin Mining International (02259) rose over 2%, while Zhaojin (01818) and Shandong Gold (01787) rose over 1%, and Lingbao Gold (03330) rose nearly 3%.

【Gold Price Trends】Gold prices recovered some losses as Trump delayed the deadline for reaching an agreement with Iran. The Turkish central bank’s sale of over 8 billion USD in gold intensified downward pressure on gold prices.

【10:09】Xiaoma Zhixing (02026) fell over 13% post-earnings, hitting a low of 73.2 HKD.

【2026 Earnings】Xiaoma Zhixing reported an adjusted loss of 174 million USD last year, expanding by nearly 32% year-on-year, targeting to expand its fleet of autonomous taxis to 3000 by the end of this year.

【09:53】After the market opened, Hong Kong stocks briefly turned positive but the rebound was insufficient, falling back down by over a hundred points, reporting 24725 points, down 130 points, with a turnover of 50.9 billion HKD. The tech index fell 0.7% to 4727 points.

【09:22】The Hang Seng Index continued to open low at 87 points, opening at 24768 points, with a turnover of 3.35 billion HKD. The tech index fell 0.4% to 4740 points. Meituan (03690) fell 0.6% post-earnings, AIA (01299) fell over 3%, while Pop Mart (09992) stabilized and rebounded over 1%.

【3690 Earnings】Meituan reported an adjusted loss of 15.08 billion CNY in the fourth quarter, missing expectations. Wang Xing stated: "The loss per order for takeout improved quarter-on-quarter in the first season, and we are pushing the ‘AI super entrance’ not to become a ‘Token factory’ (Version 2).

【09:03】The Hang Seng Index’s black futures fell about 94 points, reporting 24723 points.

【07:50】【New IPO】Tongrentang Medical (2667) delayed its sale and listing plans, considering multiple factors including current market conditions, and will return application share funds.

【07:45】【Morning Highlights】Meituan reported an adjusted loss of 15.08 billion CNY in the fourth quarter, missing expectations. | Hong Kong ranks third in the global financial center index, first in the Asia-Pacific region. | Cathay Pacific adds fuel surcharges again.

【07:45】From Trump’s remarks, there has been progress in the Iran situation. Night futures fell 8 points, closing at 24782 points. The China concept stock index fell 2.6%, closing at 6721 points. Meituan’s stock price rose briefly after earnings, peaking 3.8% higher than Hong Kong but ended lower due to macro conditions, closing 1.6% lower than the Hong Kong closing price.

| ADR | Converted to HKD | Change from Hong Kong closing price | | Meituan ADR | 85.29 | -1.62% | | Tencent ADR | 490.94 | -0.94% | | HSBC ADR | 124.62 | -0.14% | | Alibaba US Stock | 122.67 | -0.27% |

More Hong Kong stock ADR and China concept stock quotes:

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【07:30】Inflation concerns persist, the Dow closed down 469 points, closing at 45960 points. The S&P 500 fell 1.7%, closing at 6477 points. The Nasdaq fell 2.4%, closing at 21408 points.

Immediate look at US stock closing:

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港股昨日市況，詳情請看：【Hong Kong Stocks Night Futures + ADR + Northbound Capital】Night futures closed down 8 points. Meituan ADR is 2% lower than Hong Kong.

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