【港股一周见】大模型股点燃热情，IPO市场火爆

Market Performance - The Hong Kong stock market experienced volatility, with the Hang Seng Index closing down 0.41% or 106 points, ending at 26,231 points, and total trading volume reaching approximately 1.36 trillion HKD [1][5] Sector and Stock Movements - The technology sector saw most stocks decline, with the Hang Seng Tech Index dropping 0.86% to 5,687.14 points. Notable declines included Tencent down 1.93% to 611.0 HKD, Alibaba down 1.68% to 146.50 HKD, and Meituan down 5.83% to 98.50 HKD. However, Bilibili rose 11.87% to 223.40 HKD, and Trip.com increased by 2.32% to 596.50 HKD [3][4] - Gold prices surpassed 4,500 USD/ounce, attracting interest as a safe-haven asset, which positively impacted gold stocks such as Zijin Mining up 3.57% and Shandong Gold up 11.27% [3][4] Innovation and IPO Market - Reports indicate that China will enhance support for innovative drugs, leading to a rise in the biotech sector. Notable stock increases included Rongchang Biopharma up 28.51% and Jinfang Biopharma up 44.85% [4] - The IPO market in Hong Kong was active, with six new stocks listed, all recording gains on their debut. MiniMax saw a remarkable first-day increase of 109%, reaching a market value exceeding 100 billion HKD [4][7] Economic Indicators - China's December CPI data was released at 0.8%, the highest in nearly two years, while PPI showed a narrower decline, indicating positive price changes in some sectors [5] - The recent IPO activity and adjustments in Hong Kong Stock Connect are expected to attract additional southbound capital, creating a favorable trading environment [5][7]