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]

香港恒生指数收盘涨0.52%，恒生科技指数涨0.13%。MINIMAX-WP收涨24.56%，智谱涨4.74%。老铺 黄金涨6.64%，洛阳钼业涨6.35%。宁德时代涨2.71%。因春节假期，港股今日下午休市。 ...

以下文章来源于每日人物 ，作者每人作者 每日人物 . 轻商业，懂生活。 来源丨 每日人物（ID：meirirenwu） 作者丨 宋春光 编辑丨 西打 在黄金圈子里，此前排队抢购的故事大多和老铺黄金有关。我们亲身体验了和贵妇、黄牛一起疯狂排 队，把北京最贵商场SKP挤成菜市场，也见证了普通人持续不断的买金热情，将老铺的业绩和股价推 至更高点。 但2025年以来，更多追赶者盯上了这条金光闪闪的赛道，想站在老铺的肩膀上，讲述更诱人的故 事。 如果老铺黄金是"黄金界的爱马仕"，那么君佩黄金、琳朝、宝兰们都想成为香奈儿。可即便经常与奢 侈品放在一起对比，它们之间又有着本质的区别——爱马仕不会说自己用了多少块鳄鱼皮，但古法金 一定要告诉你用了多少克黄金。 "老铺学徒"，杀进北京 封锁线拉起来了，队伍戛然而止。 此时距离开门营业，刚过去一个多小时。2月7日，一个周六早上的11点半，君佩黄金位于北京国贸 商城的门店，开始限制客流。一位戴着耳麦、身穿深棕色大衣的柜姐，一边对不能进店的顾客表示歉 意，一边悉心回复她们提出的问题。 于丽来晚了，被来得更早的客人拦在门外。原本她想着这个新品牌刚来北京，应该没那么火，毕竟同 样是卖古法 ...

Group 1 - The core point of the article is the impact of the upcoming inclusion of certain companies in the Hong Kong Hang Seng Index, leading to stock price fluctuations among affected firms [1] - CATL, a leading electric vehicle battery manufacturer, saw its stock rise by 3% following the announcement of its inclusion in the Hang Seng Index [1] - Luoyang Molybdenum, a mining company, experienced a 6% increase in its stock price due to the same news [1] - The jewelry retailer Laopuhuang gained 6% in stock value as well, benefiting from the index adjustment [1] - Conversely, Zhongsheng Holdings, an automotive retailer, will be removed from the Hang Seng Index, resulting in a 2% decline in its stock price [1] - The adjustments to the Hang Seng Index will take effect on March 9, increasing the number of constituent stocks from 88 to 90 [1]

Market Overview - The Hong Kong stock market opened slightly lower on February 16, with the Hang Seng Index, Hang Seng Tech Index, and Hang Seng China Enterprises Index down by 0.25%, 0.19%, and 0.08% respectively. After initial declines, the Hang Seng Index turned positive while the Hang Seng Tech Index's losses narrowed to 1.09%, indicating a slight easing of market panic [1]. Sector Performance - There was a clear divergence in sector performance, with precious metals, semiconductors, and oil & petrochemicals showing strong gains, while sectors such as defense, consumer discretionary, and hardware equipment struggled, negatively impacting market sentiment [3]. Precious Metals Sector - The precious metals sector led the market, with gold-related stocks performing particularly well. Notable gains included Luoyang Molybdenum rising over 7% and Lingbao Gold increasing by over 6%. Other related stocks like China Nonferrous Mining, Shandong Gold, Jiangxi Copper, and Minmetals Resources also saw significant increases, driven by strong consumer demand during the Valentine's Day and Chinese New Year holiday season [4]. AI and Semiconductor Stocks - AI application stocks opened strong, with notable performances from companies like Fubo Group, which rose over 10%, and MINIMAX-WP, which increased nearly 6%. Zhipu continued its recent strong performance, reaching a peak of 540 HKD per share, up over 11%, as it plans to list on the STAR Market [5][6]. - The semiconductor sector also experienced a sharp rise, with stocks like Zhaoyi Innovation increasing over 17% and Lanke Technology rising over 13%. This surge was supported by recent price fluctuations in the storage market, where prices for some DDR4 products have decreased by 10% to 20% from their peak in 2025, while NAND flash memory prices have doubled since the beginning of the year [6].

Market Overview - The Hang Seng Technology Index experienced a decline of nearly 2%, with major internet companies falling [1] - The Hang Seng Index dropped by 0.25%, while the Hang Seng Technology Index fell by 0.19% and the Hang Seng China Enterprises Index decreased by 0.08% [1] Sector Performance - Precious metals, semiconductors, and oil & petrochemicals sectors showed strength against the market trend, while sectors like defense, consumer discretionary, and hardware equipment struggled [2] - The non-ferrous metals sector led the market, with notable gains from companies such as Luoyang Molybdenum, which rose over 7%, and Lingbao Gold, which increased by over 6% [4] Notable Stocks - Luoyang Molybdenum's stock price increased by 7.55% to 23.36 [5] - Lingbao Gold's stock price rose by 6.73% to 25.36 [5] - Other companies in the non-ferrous metals sector, such as China Nonferrous Mining and Shandong Gold, also saw significant gains [4] AI and Semiconductor Stocks - AI application stocks opened higher, with Fubo Group rising over 10% and MINIMAX-WP increasing nearly 6% [9] - The semiconductor sector saw a sharp rise, with companies like Zhaoyi Innovation increasing by over 17% and Lanke Technology rising by over 13% [11] Upcoming Changes - The Hang Seng Index will increase its constituent stocks from 88 to 90, adding Ningde Times, Luoyang Molybdenum, and Lingbao Gold, while removing Zhongsheng Holdings, effective March 9 [7]

Market Overview - The Hong Kong stock market opened slightly lower on February 16, with the Hang Seng Index down by 0.25%, the Hang Seng Tech Index down by 0.19%, and the Hang Seng China Enterprises Index down by 0.08% [1] - The market experienced a downward trend, with the Hang Seng Tech Index seeing a decline of nearly 2% at one point, although the losses narrowed by the time of reporting [1] Index Performance - As of the latest update, the Hang Seng Index decreased by 0.41%, the China Enterprises Index fell by 0.62%, and the Hang Seng Tech Index dropped by 1.58% [2] - The Hang Seng Tech Index reached a high of 5351.270 and a low of 5253.640, with a trading volume of 171 million shares [2] Sector Performance - The precious metals, semiconductor, and oil & petrochemical sectors showed strength against the market trend, while sectors such as defense, consumer discretionary, and hardware equipment struggled [2] - The non-ferrous metals sector led the market, with notable gains from companies like Luoyang Molybdenum, which rose over 7%, and Lingbao Gold, which increased by over 6% [4][5] Notable Stocks - Luoyang Molybdenum's stock price increased by 7.55% to HK$23.360, while Lingbao Gold rose by 6.73% to HK$25.360 [5] - Other companies in the non-ferrous metals sector, such as China Nonferrous Mining and Shandong Gold, also saw significant gains [5] AI and Semiconductor Sector - The AI application sector opened higher, with stocks like Fubo Group rising over 10% and MINIMAX-WP increasing by nearly 6% [8][9] - The semiconductor sector experienced a sharp rise, with stocks like North Microelectronics increasing by over 17% and Lanke Technology rising by over 13% [12][13] Upcoming Changes in Index Composition - The Hang Seng Index will increase its constituent stocks from 88 to 90, adding Ningde Times, Luoyang Molybdenum, and Laopuguojin, while removing Zhongsheng Holdings, effective March 9 [7]

Core Viewpoint - The Hang Seng Index Company announced the results of its quarterly review for the Hang Seng Index series, with significant changes set to take effect in March 2026, including the inclusion of Ningde Times, Luoyang Molybdenum, and Laopu Gold as constituent stocks, increasing the total number of constituents from 88 to 90 [1] Group 1: Company Performance - Laopu Gold (06181) saw a rise of 7.24%, trading at 792 HKD [1] - Luoyang Molybdenum (603993) increased by 6.54%, reaching 23.14 HKD [1] - Ningde Times (300750) experienced a gain of 3.48%, priced at 535.5 HKD [1] Group 2: Index Changes - The Hang Seng Index series will see its constituent stocks increase from 88 to 90 [1] - The changes will be implemented after the market closes on March 6, 2026, and will take effect on March 9, 2026 [1] - The inclusion of these companies is expected to enhance their visibility and potentially attract more investment [1]

Core Viewpoint - The announcement by Hang Seng Index Company regarding the quarterly review results for the Hang Seng Index series indicates that companies such as Ningde Times, Luoyang Molybdenum, and Laopu Gold will be included in the index, leading to a positive market reaction with significant stock price increases for these companies [1] Group 1: Company Performance - Laopu Gold (06181) saw a stock price increase of 7.24%, reaching 792 HKD [1] - Luoyang Molybdenum (03993) experienced a rise of 6.54%, with its stock priced at 23.14 HKD [1] - Ningde Times (03750) rose by 3.48%, with shares priced at 535.5 HKD [1] Group 2: Index Inclusion - The Hang Seng Index series will increase its constituent stocks from 88 to 90, with the inclusion of Ningde Times, Luoyang Molybdenum, and Laopu Gold [1] - The changes will take effect after the market closes on March 6, 2026, and will be officially implemented on March 9, 2026 [1]

Group 1 - The core point of the article highlights the stock price increases of CATL, Luoyang Molybdenum, and Laopu Gold due to their inclusion in the Hang Seng Index, while Zhongsheng Holdings will be removed, leading to a decrease in its stock price [1] - CATL's stock price rose by 3% following the announcement [1] - Luoyang Molybdenum and Laopu Gold both saw their stock prices increase by 6% [1] Group 2 - The adjustment to the Hang Seng Index will take effect on March 9, increasing the number of constituent stocks from 88 to 90 [1] - Zhongsheng Holdings' stock price fell by 2% as a result of being removed from the index [1]