Market Overview - The Hong Kong stock market has stabilized after two consecutive declines, with the Hang Seng Index closing at 26,847 points, up 12 points or 0.05% [3] - The market experienced fluctuations, initially opening down 37 points and later dropping as much as 241 points before recovering [3] - The total market turnover for the day was 28.54 billion HKD [3] Company News - Tencent's stock fell by 4% to a low of 558 HKD, contributing to the decline in tech stocks [4] - Other tech companies such as NetEase, Baidu, Xiaomi, JD.com, Meituan, and Alibaba also saw declines ranging from 0.9% to 4% [4] - Tianqi Lithium announced plans to sell a portion of its shares in SQM, with a maximum of 356,600 shares, representing no more than 1.25% of SQM's total shares [10] Macro & Industry Dynamics - The Mandatory Provident Fund (MPF) reported an average gain of 11,085 HKD in January, with a total asset value expected to exceed 1.6 trillion HKD by the end of January [6][7] - The MPF's return for January was 3.42%, marking the fifth-best performance for January since the system's inception [7] - Goldman Sachs predicts the Chinese Yuan will strengthen to 6.7 by year-end, with expectations of continued appreciation due to export growth and foreign capital inflows [8]
港股止跌回稳，后市料可重回2万7
Guodu Securities Hongkong·2026-02-05 01:46