1月26日，港股股指今日高开低走冲高回落，午后保持低位窄幅震荡走势，截止收盘，恒生指数涨 0.06%报26765.52点，恒生科技指数跌1.24%报5725.99点，国企指数跌0.15%报9147.21点，红筹指数涨 1.33%报4273.19点。 盘面上，大型科技股走势分化，阿里巴巴跌1.96%，腾讯控股涨0.76%，京东集团涨1.05%，小米集团跌 2.81%，网易涨0.68%，美团跌0.46%，快手跌3.26%，哔哩哔哩跌2.44%；黄金及贵金属板块全日强势， 中国白银集团涨19.12%，山东黄金、珠峰黄金、灵宝黄金涨超4%；石油股走强，中石油涨超3%；半导 体概念走低，中芯国际跌超3%，兆易创新跌超2%；商业航天股持续下挫，亚太卫星跌超11%；应用软 件走弱，九方智投跌超26%。 光大证券(06178.HK)：2025年营业收入实现108.63亿元，同比增长13.18%；净利润37.29亿元，同比增长 21.92%。 中铝国际(02068.HK)：控股子公司沈阳院与上海宝冶、十二冶等组成的联合体与山西兆丰签署《建设项 目工程总承包合同(联合体)》，签约合同价约30.3亿元。 招商银行(03968.HK ...

Group 1: Telecommunications Development - Hong Kong is actively promoting the sustainable development of the telecommunications industry, aiming to maintain efficient communication systems to support future 6G applications and commercial services [1] - The government is researching the simplification of the application process for low Earth orbit satellite licenses, with a target to complete this research by 2025 and announce results in 2026, to attract enterprises, talent, and investment [1] - The government is preparing for the 6G era by providing suitable spectrum for the industry, with another spectrum auction scheduled for October, following two auctions held in November last year [1] Group 2: Low Altitude Economy - The low-altitude economy is identified as a new growth engine for Hong Kong, with mobile communication networks being essential infrastructure [2] - The Communications Authority plans to introduce dedicated drone frequency and licensing systems by the end of 2025 to ensure safe and efficient drone operations [2] - The government is reviewing the operation of the real-name registration system for phone smart cards, proposing measures to strengthen regulations and reduce the number of registered prepaid cards per user [2] Group 3: Broadcasting Sector - The government is committed to fostering a conducive regulatory environment for the broadcasting industry, aiming to provide innovative and diverse broadcasting services [2] - Three local free television service licenses are set to expire between 2027 and 2028, with the Communications Authority actively working on license renewals and public consultations [2] - The Hong Kong Broadcasting Corporation (RTHK) is enhancing its role as a public broadcaster, collaborating with government departments to promote policies and initiatives, including the "Sunshine Project" for youth development [3]

Group 1: Employment Data and Economic Outlook - The ADP employment data for May showed an increase of 37,000 jobs, the smallest growth since March 2023, significantly below the expected 110,000 jobs, indicating a potential cooling in the labor market and economic uncertainty [1][2] - The decline in employment growth has led to a decrease in confidence in the US dollar, resulting in a drop in the dollar index [2] Group 2: US Treasury Actions - The US Treasury conducted a record $10 billion buyback of old bonds to inject liquidity into the market, which is seen as a "light QE" measure amid rising bond yields and market volatility [1][2] - The Treasury plans to issue $65 billion in new bonds, reducing the scale of previous issuances, indicating a strategic adjustment in debt management [2] Group 3: CrowdStrike Financial Performance - CrowdStrike reported Q1 revenue of $1.1 billion, a nearly 20% year-over-year increase, but incurred a net loss of $110 million compared to a profit of $42.8 million in the same period last year [3][4] - The company expects Q2 adjusted earnings per share of $0.82 to $0.84, but revenue guidance of up to $1.15 billion is below expectations, causing a nearly 5.8% drop in stock price [3] Group 4: SpaceX Revenue Projections - Elon Musk projected SpaceX's revenue for this year to exceed $15.5 billion, with $1.1 billion coming from NASA, and indicated that next year's revenue could surpass NASA's budget [5][6] - The revenue growth is attributed to increased rocket launch services and Starlink business, with expectations of 170 launches this year compared to 134 last year [6] Group 5: Nuclear Power Sector Growth - US nuclear stocks have surged, with companies like Energy Fuels seeing over 17% gains recently, driven by major tech firms entering nuclear power agreements [7][8] - The nuclear sector is expected to enter a decade-long growth cycle, with structural shortages in the global uranium market anticipated [7] Group 6: Coking Coal Market Dynamics - Coking coal futures saw a strong increase of over 7%, but analysts suggest that prices may still face downward pressure due to supply-demand imbalances [9][10] - Domestic coking coal production increased by 6% year-over-year in the first four months, while demand remains weak, leading to concerns about oversupply [9]