中泰国际每日晨讯-20260227

Market Performance - On February 26, the Hang Seng Index closed down 384 points (1.4%) at 26,381 points, with the Hang Seng Tech Index falling 151 points (2.9%) to 5,109 points[1] - Total market turnover increased to HKD 259.3 billion from HKD 236.8 billion the previous day[1] - Net outflow of southbound funds was HKD 7.37 billion[1] Sector Highlights - The internet sector led declines, with Alibaba (9988 HK), Meituan (3690 HK), JD.com (9618 HK), and Tencent (700 HK) dropping 2%-4%[1] - The electrical equipment sector saw gains, with Dongfang Electric (1072 HK) rising 15.5%, and Harbin Electric (1133 HK) and Shanghai Electric (2727 HK) increasing by 3%-7%[1] - Hong Kong property stock Hysan Development (14 HK) fell 6.9% after reporting a 1.6% year-on-year increase in revenue and a 1.9% decrease in recurring profit[1] - Hong Kong Exchanges and Clearing (388 HK) reported a 15% year-on-year increase in Q4 net profit, exceeding market expectations, with a full-year net profit growth of 36%[1] U.S. Market Overview - Concerns over excessive AI capital expenditure led to significant declines in tech stocks, with Nvidia (NVDA US) closing down 5.5% despite better-than-expected earnings and outlook[2] - The Dow Jones Index rose 17 points (0.03%) to 49,000, while the Nasdaq Index fell 273 points (1.2%) to 28,878, and the S&P 500 Index dropped 37 points to 6,908[2] Macro Dynamics - During the Spring Festival, major retail enterprises in China reported a 24% year-on-year increase in daily retail sales, indicating sustained consumer potential[3] - Gold and jewelry sales saw a significant increase, with daily retail sales rising 33.4% year-on-year during the same period[3] Industry Insights - The restaurant sector saw a low double-digit same-store sales growth for Guoquan (2517 HK) during the Spring Festival, with expected net profit growth of 84%-92% year-on-year[4] - Macau's gaming sector underperformed, with average daily revenue during the Spring Festival falling below market expectations, leading to declines in stocks like Sands China (1928 HK) and MGM (2282 HK) by 1.2%-1.7%[4] - The healthcare sector faced a 4.5% decline in the Hang Seng Healthcare Index, with concerns over price competition following Novo Nordisk's announcement to reduce wholesale prices of its products in the U.S.[4]