AI应用板块走强！

Core Viewpoint - The Hong Kong stock market showed mixed performance with the Hang Seng Index rising by 0.52% and the Hang Seng Tech Index increasing by 0.13%, driven by various favorable factors despite liquidity tightening due to the closure of the Hong Kong Stock Connect [1] Group 1: Market Performance - The Hang Seng Index recorded an annual increase of over 30% for the Year of the Snake [1] - The AI application sector in Hong Kong stocks was notably active, with companies like Haizhi Technology Group and MINIMAX-WP seeing stock price increases of over 20% [1] Group 2: Gold and Precious Metals - The non-ferrous metals sector strengthened, with Luoyang Molybdenum rising over 6%, and both Laopu Gold and Lingbao Gold also increasing by over 6% and 4% respectively [2] - The demand for gold is expected to rise due to traditional peak sales during the Valentine's Day and Chinese New Year, despite a temporary price drop in the spot gold market [2] - Spot gold prices fell by over 1% during trading, dipping below $4,990 per ounce, influenced by geopolitical risks, monetary policy expectations, and speculative funds [2] Group 3: Capital Flows - Southbound funds have seen six consecutive weeks of net buying, with cross-border ETFs experiencing significant net subscriptions, totaling a net inflow of 31.39 billion yuan in February alone [2] - The Hang Seng Tech Index's recent underperformance is attributed to a combination of short-term adverse factors, but the long-term growth logic remains intact as industry innovation deepens and corporate earnings recover [2]