Group 1 - Southbound funds recorded a net purchase of approximately 19.07 billion HKD today [1] - Tencent Holdings received the highest net purchase of about 13.04 billion HKD [1] - Xiaomi Group-W also saw a net purchase of approximately 2.78 billion HKD [1] Group 2 - Hua Hong Semiconductor experienced a net sell-off of 6.15 billion HKD [1]

Market Performance - The Hong Kong stock market indices experienced a collective decline, with the Hang Seng Index falling by 2.23% to 26,775.57 points, the Hang Seng Tech Index dropping by 3.36% to 5,526.31 points, and the China Enterprises Index decreasing by 2.54% to 9,080.19 points [2]. Sector Analysis - The recent market adjustment is attributed to a technical pullback following a rapid rise in indices, compounded by hawkish comments from Fed Chair nominee Waller, which stirred market sentiment. This is not seen as a trend reversal signal [5]. - Key focus remains on the sustainability of volatility, with three main supportive drivers for the first quarter identified: improved liquidity environment, resonance of domestic and foreign capital, and upward revisions in corporate earnings expectations due to economic recovery [6][7]. Investment Strategy - Analysts suggest adopting a mid-term perspective, emphasizing opportunities in small and mid-cap sectors with clear catalysts, such as education, AI applications, and specialty consumption [8]. Sector-Specific Movements - Gold and related stocks saw significant declines, with Shandong Gold dropping by 12.56% and Chifeng Jilong Gold falling by 12.18%, influenced by a broader downturn in commodity prices [10][12]. - The cement and building materials sector also faced losses, with Western Cement declining by 15.47% and China National Building Material falling by 10.14%. The latter is projected to report a loss of approximately RMB 2.3 billion to RMB 4 billion for the year ending December 31, 2025 [13]. - Semiconductor stocks were affected by industry demand fluctuations, with Huahong Semiconductor down by 11.24% and Zhaoyi Innovation down by 9.25%. Reports indicate tightening order reviews by major manufacturers in response to market volatility [15]. Resilient Sectors - Some gaming stocks performed well, with Yabo Technology Holdings increasing by 8.79% and Sands China rising by 4.05%. Yabo announced a technical service agreement with the Hong Kong Gold Exchange [17]. - The liquor sector also showed resilience, with Yiyuan Liquor rising by 8.33% and Qingdao Beer increasing by 1.46%. Analysts expect the liquor industry to hit bottom by 2026, with a potential investment opportunity arising around the Chinese New Year [19]. Notable Stock Movements - Cloud Wisdom saw a rise of 5.49%, with expectations of significant revenue growth from its large model-related business, projected to reach approximately RMB 600 million to RMB 620 million in 2025, marking a year-on-year increase of about 1057% to 1095% [20]. - Kangzheng Pharmaceutical increased by 7.77% following the approval of clinical trials for its complement factor B inhibitor, indicating potential for new product launches [21].

热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 2月2日消息，港股三大指数低开低走。截至收盘，恒生指数跌2.23%，报26775.57点，恒生科技指数跌 3.36%，国企指数跌2.54%。盘面上，科网股普跌，哔哩哔哩跌超4%，百度、网易、快手、阿里巴巴跌 超3%，美团跌超2%；黄金股继续下挫，山东黄金跌超12%；芯片股跌幅居前，华虹半导体跌超11%； 建材水泥股普遍下跌，西部水泥跌超15%；汽车股走弱，小鹏汽车跌6%。 | 名称 | | | 昌新价 | 涨跌额 | 涨跌幅 へ | | --- | --- | --- | --- | --- | --- | | 但生科技指数 800700 | Vin | 3 | 5526.31 | -191.87 | -3.36% | | 国企指数 800100 | | | 9080.19 | -236.90 | -2.54% | | 恒生指数 800000 | While | | 26775.57 | -611.54 | -2.23% | 黄金股继续下挫，山东黄金跌超12%。花旗研究在1月30日的最新大宗商品研报中指出，当前的黄金价 格已严重透支了未来的不确 ...

Group 1 - The Hong Kong chip stocks experienced a collective decline, with notable drops in several companies' stock prices [1] - Hua Hong Semiconductor fell over 12%, while Zhaoyi Innovation dropped 11%, and Wallin Technology decreased by over 7% [1] - Other companies such as Shanghai Fudan and InnoCare also saw declines exceeding 6%, with SMIC, ASMPT, and Tianyu Semiconductor dropping more than 5% [1] Group 2 - Hua Hong Semiconductor's stock price decreased by 12.79%, reaching 101.600, with a total market capitalization of 176.54 billion and a year-to-date increase of 36.74% [2] - Zhaoyi Innovation's stock fell by 11.04% to 298.000, with a market cap of 207.64 billion and a year-to-date increase of 83.95% [2] - Wallin Technology's stock price dropped by 7.47% to 32.200, with a market cap of 78.53 billion and a year-to-date increase of 64.29% [2] - Shanghai Fudan's stock decreased by 6.85% to 48.440, with a market cap of 39.90 billion and a year-to-date increase of 6.88% [2] - InnoCare's stock fell by 6.17% to 54.000, with a market cap of 49.42 billion and a year-to-date decrease of 31.12% [2] - SMIC's stock price declined by 5.31% to 71.400, with a market cap of 571.23 billion and a year-to-date change of -0.07% [2] - ASMPT's stock decreased by 5.20% to 98.500, with a market cap of 411.51 billion and a year-to-date increase of 27.18% [2] - Tianyu Semiconductor's stock fell by 5.03% to 47.580, with a market cap of 18.71 billion and a year-to-date change of -0.88% [2]

2月2日，亚太股市集体跳水。截至北京时间11:50左右，日本东证指数、日经225指数回吐此前涨幅；韩国KOSPI指数跌幅扩大至5%，其中，韩国半导体板 块领跌，SK海力士跌超6%，三星电子跌逾4%。最新消息，韩国证券交易所短暂暂停股票交易。 芯片产业链盘中持续走弱，存储产业链方向领跌，华虹公司跌超10%，此前万润科技（002654）、太极实业（600667）跌停，开普云跌超15%、有方科 技、聚辰股份、普冉股份、同有科技（300302）均跌超10%。 CPO等算力硬件股延续强势，新易盛（300502）盘中涨超10%，续创历史新高，截至午盘收盘涨幅收窄至4.89%，市值4374亿。消息面上，新易盛发布 2025年业绩预告，2025Q4净利预计环比增长29%-50%。腾景科技、德科立、长飞光纤（601869）、长光华芯、天孚通信（300394）跟涨。 电网设备板块掀涨停潮，双杰电气（300444）"20cm"涨停，亿能电力、安靠智电（300617）、新特电气（301120）、森源电气（002358）、保变电气 （600550）等多股涨停或涨超10%。据证券时报，当前全球AI算力建设进入爆发期，电力设备变压器正升级 ...

Group 1: Semiconductor Sector - Semiconductor stocks in Hong Kong experienced a decline, with notable drops including Huahong Semiconductor down 10.04%, GigaDevice down 8.72%, and SMIC down 4.77%. This follows a significant drop in South Korea's stock index and stricter order audits by major manufacturers like Samsung and SK Hynix to mitigate market volatility caused by excessive orders and stockpiling [1][5]. - Naxin Microelectronics reported an expected revenue of RMB 3.3 billion to 3.4 billion for 2025, reflecting a year-on-year growth of 68.34% to 73.45%, but also projected a net loss of RMB 2.5 billion to 2 billion, indicating a narrowing of losses [3]. Group 2: Automotive Sector - Great Wall Motors saw a decline of over 4.9% after announcing a 10.19% year-on-year increase in total revenue for 2025, but a 21.71% decrease in net profit attributable to shareholders [2]. Group 3: Telecommunications and Technology - Verizon's stock rose 11.83% after reporting the largest increase in mobile users since 2019, with a net addition of 616,000 users in the fourth quarter, exceeding market expectations [6]. - Tesla's stock increased by 3.32% as the company shifts focus from automotive to AI and robotics, planning to convert its Fremont factory for the production of the upcoming Optimus robot [5]. Group 4: Energy and Resources - China Shenhua Energy's stock fell over 5% after announcing an expected profit of RMB 50.8 billion to 55.8 billion for 2025, a decline of 18.6% to 10.6% compared to the previous year [4]. Group 5: Real Estate Sector - Chinese property stocks continued to decline, with companies like R&F Properties and Sunac China experiencing significant drops. Reports suggest that several developers may be exempt from disclosing "three red lines," indicating increased government attention to the struggling real estate sector [4]. Group 6: Financial Performance Highlights - Yihua Tong projected a net loss of RMB 550 million to 720 million for 2025, representing an increase in losses of 20.50% to 57.74% compared to the previous year [2]. - Cloud Voice announced an expected revenue of RMB 600 million to 620 million from its large model-related business in 2025, marking a staggering year-on-year growth of approximately 1057% to 1095% [3].

Group 1 - Semiconductor stocks experienced a decline, with Huahong Semiconductor down 9.53% to HKD 105.4, and other companies like Zhaoyi Innovation, Shanghai Fudan, and SMIC also reporting significant drops [1] - The South Korean stock market saw a sharp decline of 4%, with major players Samsung and SK Hynix facing losses [1] - Samsung, SK Hynix, and Micron have tightened order reviews and are conducting stricter due diligence on customers to mitigate potential market fluctuations caused by over-ordering and stockpiling [1] Group 2 - Jensen Huang recently stated that no orders for the H200 chip have been received from Chinese customers, indicating a wait-and-see approach [1] - First Shanghai noted that the impact of the H200 release on the domestic computing power industry chain is limited, primarily due to the differing application scenarios between H200 and domestic computing power, which focuses on small to medium models and inference applications [1]

Group 1 - Semiconductor stocks experienced a decline, with notable drops including Huahong Semiconductor down 9.53% to HKD 105.4, GigaDevice down 8.06% to HKD 308, Shanghai Fudan down 5.08% to HKD 49.36, and SMIC down 4.18% to HKD 72.25 [1] - The South Korean stock market saw a significant drop of 4%, impacting major companies like Samsung and SK Hynix [1] - Major chip manufacturers, including Samsung, SK Hynix, and Micron, have tightened order reviews and are conducting stricter due diligence on customers to mitigate potential market fluctuations caused by excessive orders or stockpiling [1] Group 2 - Jensen Huang recently stated that no orders for the H200 chip have been received from Chinese customers, indicating a wait-and-see approach [1] - First Shanghai noted that the impact of the H200 chip release on the domestic computing power industry chain is limited, primarily due to the differing application scenarios between H200 and domestic computing power, which focuses on small to medium models and inference applications [1]

来源：格隆汇APP 格隆汇2月2日｜港股主要指数走低，恒生科技指数跌幅扩大至3%，恒指跌超2%。华虹半导体跌超 10%，中国联通跌超9%，小鹏汽车跌超8%，中国电信跌超7%，蔚来、比亚迪股份跌超5%。 ...

Group 1 - The core viewpoint of the article highlights a significant decline in Hong Kong chip stocks, with notable drops in several companies [1] Group 2 - Hua Hong Semiconductor experienced a drop of over 10% [1] - Zhaoyi Innovation fell by more than 7% [1] - Shanghai Fudan decreased by over 5% [1] - SMIC (Semiconductor Manufacturing International Corporation) declined by nearly 4% [1]