Jin Rong Jie·2026-02-16 01:57Core Viewpoint - The Hong Kong stock market experienced fluctuations last week, with major tech stocks showing mixed performance, influenced by global re-inflation trades and advancements in AI applications [2] Group 1: Market Performance - Alibaba-W fell by 2.7%, Tencent Holdings decreased by 0.28%, JD.com-SW dropped by 2.07%, Xiaomi Group-W declined by 3.09%, Meituan-W decreased by 1.77%, Kuaishou-W fell by 2.19%, and Bilibili-W dropped by 1.75% [2] - The market showed a rebound in resource products, domestic computing chains, and certain software sectors, driven by global re-inflation and AI advancements [2] Group 2: Market Influences - Concerns over the changing AI landscape between listed and unlisted companies, along with intensified competition among e-commerce giants, have suppressed the performance of heavyweight stocks [2] - The upcoming Chinese New Year holiday is expected to influence market dynamics, with key factors including US stock performance, consumer activity during the holiday, and AI developments [2] Group 3: Investment Recommendations - A balanced allocation strategy is suggested, with a short-term focus on sectors directly benefiting from AI advancements, such as semiconductor hardware, specialty consumer sectors, and electrical equipment [2]