Core Viewpoint - The Hong Kong stock market experienced a slight rebound in early trading on January 9, with the Hang Seng Index and Hang Seng Tech Index showing positive movements, driven by strong performances from companies like Alibaba and new listings such as MINIMAX-WP [1][2][4][6]. Company Highlights - Alibaba's stock rebounded strongly, rising over 4% in early trading, following a more than 5% increase in its U.S. shares the previous evening [6]. - MINIMAX-WP, regarded as the "first stock of general artificial intelligence," opened nearly 43% higher on its first trading day, with a profit of over 1,400 HKD per lot [6][8]. - MINIMAX has developed a multi-modal general model and has seen rapid user growth, with monthly active users increasing from 3.1 million in 2023 to 27.6 million by the first nine months of 2025, covering over 200 countries and regions [8]. Market Trends - The Hang Seng Index was reported at 26,272.54 points, up 123.23 points or 0.47%, while the Hang Seng Tech Index was at 5,699.97 points, up 21.63 points or 0.38% [2][4]. - Other new listings included Rebo Bio-B, which opened 29% higher, and Jin Xun Resources, which opened 26% higher [8]. - The technology sector showed mixed results, with JD.com up over 3% and Bilibili up over 6%, while Baidu and Meituan saw declines [8]. Market Outlook - Huatai Securities anticipates a "good start" for the Hong Kong stock market in the first quarter, with potential seasonal inflows of southbound funds and expectations of monetary easing from the U.S. Federal Reserve [9]. - The report suggests that despite geopolitical uncertainties, the overall impact on the market is manageable, with a potential for high growth in the first half of 2026, particularly during the earnings season [9]. - Recommendations include focusing on lithium and copper stocks, as well as sectors like hotels and airlines that may benefit from improved domestic demand [9].