中泰国际每日晨讯-20260119

Market Overview - The Hang Seng Index closed at 26,845 points, down 0.3%, while the Hang Seng China Enterprises Index fell 0.5% to 9,221 points[1] - Total turnover in the Hong Kong market was HKD 255.1 billion, a decrease of 12.2% from HKD 290.5 billion the previous Thursday[1] - Blue-chip stocks like Techtronic Industries (669 HK) and Li Ning (2331 HK) rose by 4.9% and 4.3%, respectively, while Pop Mart (9992 HK) and Alibaba Health (241 HK) fell by 5.6% and 5.2%[1] Economic Indicators - The U.S. NAHB housing market index for January was reported at 37, below last week's 39 and market expectations of 40[3] Sector Performance - In the automotive sector, AI-related stocks surged, with Cao Cao Chuxing (2643 HK) and Hesai (2525 HK) rising by 10.9% and 5.6% respectively[4] - The heavy truck sector benefited from a subsidy policy, with China National Heavy Duty Truck Group (3808 HK) and Weichai Power (2338 HK) increasing by 3%-4%[4] - Pop Mart faced allegations of labor exploitation, leading to a 5.6% drop in its stock price, marking a cumulative decline of 48% from its peak[4] Energy Sector Developments - The electricity equipment sector showed strong performance, with stocks like Dongfang Electric (1072 HK) and Harbin Electric (1133 HK) rising by 4.9% and 5.8% respectively[5] - The State Grid announced an expected fixed asset investment of RMB 4 trillion during the 14th Five-Year Plan, a 40% increase from the previous plan[5]