Mei Ri Jing Ji Xin Wen·2026-01-23 05:57Market Overview - The Hong Kong stock market continued its rebound, with the Hang Seng Index opening at 26,861.36 points, up 231.40 points, a rise of 0.87% [1] - The Hang Seng Tech Index opened at 5,817.51 points, increasing by 55.07 points, a gain of 0.96% [2] Company Highlights - Alibaba Group (HK09988) saw its stock rise over 3% in early trading [4] - Alibaba has reportedly decided to support its chip subsidiary, Pingtouge, for an independent listing, although the specific timeline remains unclear [5] - Pop Mart (HK09992) experienced a significant increase, with its stock rising over 7% [5] Sector Performance - New consumption concept stocks showed strength, with Lao Pu Gold rising by 6.60% and Guoquan increasing by 3.55% [7] - The release of Pop Mart's Valentine's Day limited series has led to some hidden items being priced at nearly 7 times their original value [7] - Tech stocks generally rose, with Xiaomi up over 3%, JD.com up over 2%, and Bilibili and Kuaishou each gaining over 1% [7] Market Outlook - Guolian Minsheng Securities maintains a positive outlook on the revaluation of AI in China, supported by a solid industrial catalyst timeline [8] - The release of DeepSeek V4 is anticipated during the Chinese New Year, potentially replicating last year's "Spring Festival offensive" [8] - Morgan Stanley predicts that as investors continue to favor growth stocks, the upward trend in both A-shares and Hong Kong stocks is likely to persist until the Lunar New Year, with Hong Kong stocks expected to outperform A-shares [8]