Core Viewpoint - The U.S. stock market showed mixed results with the Dow Jones increasing by 0.1%, while the Nasdaq and S&P 500 indices decreased by 0.59% and 0.33% respectively [1] Group 1: Stock Performance - Major technology stocks experienced varied performance, with Oracle rising over 2% and Tesla increasing more than 1%, while Google and Broadcom fell over 1% [1] - The residential construction, railway transportation, and tourism sectors saw significant gains, with Marriott Hotels rising over 8%, Hilton Hotels increasing over 3%, and Union Pacific up over 2% [1] - Storage and cryptocurrency-related stocks faced notable declines, with Western Digital dropping over 8%, SanDisk down over 7%, and Seagate Technology falling over 6% [1] Group 2: Chinese Stocks - The Nasdaq Golden Dragon China Index rose by 0.87%, with popular Chinese stocks such as Li Auto increasing by 2.9%, and BYD and Alibaba both rising over 2% [1] - Other Chinese companies like NIO, Xpeng, New Oriental, and JD.com saw increases of over 1%, while Tencent fell by 1.4% and Meituan dropped by 2.8% [1]

格隆汇2月10日｜奈飞涨超3%，迪士尼涨近3%，甲骨文、赛富时涨超2%，微软、台积电涨近2%，特斯 拉涨超1%。 ...

Core Viewpoint - Company announced the full exercise of the over-allotment option involving a total of 9,883,500 H-shares, representing approximately 15.0% of the total shares available for subscription under the global offering before the exercise of the over-allotment option [1] Summary by Sections - **Over-allotment Option** - The overall coordinator, representing international underwriters, fully exercised the over-allotment option as of February 10, 2026 [1] - The total number of shares involved is 9,883,500 H-shares [1] - **Share Pricing and Fees** - The H-shares will be issued at a price of HKD 106.89 per share, which is the same as the offering price under the global offering, excluding various fees [1] - Fees include a 1% brokerage commission, a 0.0027% Securities and Futures Commission transaction levy, a 0.00565% Stock Exchange trading fee, and a 0.00015% Financial Reporting Council trading fee [1] - **Listing and Trading** - The Hong Kong Stock Exchange has approved the listing and trading of the over-allotment shares [1] - The over-allotment shares are expected to commence trading on the main board of the Stock Exchange at 9:00 AM on February 13, 2026 [1]

格隆汇2月10日｜高盛集团CEO大卫·所罗门表示，上周因担心人工智能竞争而导致的软件股大幅下跌可 能反应过度。"我认为上周的市场叙事有点过于宽泛了，"所罗门周二在佛罗里达州基比斯坎举行的瑞银 集团会议上表示。"（AI领域）会有赢家和输家——许多公司将成功转型并发展良好。"许多软件股因 Anthropic PBC新推出一款AI自动化工具及其对传统软件即服务业务的潜在影响而下跌。此次抛售波及 范围广泛，无论公司是否已与AI公司建立合作伙伴关系或拥有专有数据资产，均受到影响。 ...

报告指出，2026年第一季的开局相当动荡，消费者活动显著缩减。1月美国轻型汽车销量跌至年化1490 万辆，创下3年多来新低；旅游业也陷入停滞，旅店入住率年率下降1%。全美住宅建筑商协会的数据显 示，潜在购房者流量指数已降至23(指数高于50代表看好)，而租赁空置率则攀升至7.2%，为2017年以来 最高。 劳动力市场显现疲态，策略师将目前的动态描述为"低招聘、低解雇、低增长"。职位空缺数已从去年11 月的690万个跌至12月的650万个，为5年来低点。更深层的危机在于人口结构，美国工作年龄人口目前 每月减少约2万人，加上移民增速放缓，导致创造就业的引擎几近熄火。 格隆汇2月10日｜道指突破50000点大关之际，摩根资产管理首席全球策略师David Kelly发出严厉警告 称，当前股市的繁荣主要受到流动性与大型科技股业绩的支撑，呈现出"泡沫化"倾向，与实体经济存在 明显脱节。他将当前经济形容为"消费疲软、就业增长乏力、民意低迷"的综合体。 经济不平等的加剧也让民意持续低迷。随着11月中期选举临近，执政党面临巨大的席位流失风险。若民 主党重夺众议院控制权，华盛顿将陷入政策僵局，这将终结进一步财政刺激的可能性，包括 ...

Shareholder Reductions - Liu Xiaoying of Huason Pharmaceutical plans to reduce holdings by no more than 3% [1] - Dazi Yintai of Wushang Group plans to reduce holdings by no more than 3% [1] - The controlling shareholder of Runbei Hangke intends to collectively reduce holdings by no more than 3% [1] - Zhao Dongri of Rike Chemical plans to reduce holdings by no more than 3% [1] - Guo Yongfang of Guotou Intelligent plans to reduce holdings by 859.47 million shares [1] - Liu Chengyan, a director of Wangsu Technology, plans to reduce holdings by no more than 1.07% [1] - Dashu Chengzhang of Guoke Tiancai plans to reduce holdings by no more than 3% [1] - Sun Wenqiang, chairman of Haitai Technology, plans to reduce holdings by no more than 3% [1] - Baolifeng of Magu Technology plans to reduce holdings by no more than 214.96 million shares [1] - Zhang Mingyuan of Shunna Co., Ltd. plans to reduce holdings by no more than 1% [1] - Hengdian Holdings plans to reduce 964.40 million shares of Hengdian East Magnetic [1] - Tai'an Hahe has cumulatively reduced 157.2 million shares of Haimeixing [1] - The National Integrated Circuit Fund has reduced 1.08% of Yandong Micro's shares [1] Other Developments - ST Xinhua Jin faces potential suspension risk as the deadline for fund occupation rectification approaches [1] - Minglida has terminated the investment in the construction of the Zhaoqing new energy key component intelligent manufacturing project [1]

Group 1 - Paramount has revised its offer to acquire Warner Bros. Discovery, increasing the bid to $30.25 per share, which includes an additional $0.25 interest fee [1] - The company will also incur a $2.8 billion severance cost related to the acquisition [1]

格隆汇2月10日丨炜冈科技(001256.SZ)公布，炜仕投资计划自本公告披露之日起十五个交易日后的三个 月内以集中竞价方式及大宗交易方式合计减持公司股份不超过425.59万股（其中：通过大宗交易方式减 持公司股份不超过283.72万股，占公司总股本比例为1.99%，占剔除公司回购专用账户中股份后总股本 的2.00%；通过集中竞价交易方式减持公司股份不超过141.86万股，占公司总股本比例为0.99%，占剔除 公司回购专用账户中股份后总股本的1.00%），本次减持不会导致公司控制权发生变更。 ...

格隆汇2月10日｜摩根大通策略师表示，软件股有望从历史性跌势中反弹，因为市场目前对人工智能带 来的短期颠覆性影响定价过高。由杜布拉夫科·拉科斯-布亚斯领导的团队认为，投资者应增持高质量及 对人工智能具有韧性的软件股，因为"极端的价格走势"可能促使资金轮动重回该板块，至少短期内如 此。"考虑到仓位调整已较充分、市场对AI颠覆软件业的看法过于悲观，以及企业基本面依然稳固，我 们认为风险平衡正日益向反弹倾斜，"该团队在一份报告中写道。该团队表示，目前尚不清楚传统软件 公司长期是否会被人工智能取代，但认为当前市场对颠覆性影响的悲观情绪"目前反应过度"。该团队补 充称，软件公司第四季度财报迄今总体表现积极，分析师预计2026年盈利将增长16.8%。 ...

格隆汇2月10日丨武商集团(000501.SZ)公布，大股东达孜银泰商业发展有限公司（简称"达孜银泰"）计 划在公司披露本公告之日起十五个交易日后的三个月内（2026年3月13日-2026年6月12日），以集中竞 价和/或大宗交易方式减持公司股份不超过2249.7万股（占公司剔除回购专用账户后总股本比例3%）。 ...