安踏品牌上季零售金額按年錄得高單位數增長，安踏(02020.HK)升5.3%。同業李寧(02331.HK)及滔搏(06110.HK)則跌逾3%。The minutes from the Federal Reserve's meeting last month were hawkish, and the market is awaiting non-farm payroll data. Hong Kong stocks rose in the early market, with the Hang Seng Index dropping 25 points before turning positive, peaking at a 125-point gain at 19,405 points. By midday, it had increased by 17 points or 0.1%, reporting 19,296 points; the Hang Seng Index rose by 9 points or 0.1%, reporting 6,999 points; the Hang Seng TECH Index rose by 7 points or 0.2%, reporting 4,314 points. The total market turnover at midday reached 77.428 billion HKD.
In the Technology sector, Xiaomi (01810.HK) rebounded 2.6% to 33.65 HKD, while NetEase (09999.HK) launched 'Yan Yun Shi Liu Sheng' on mobile today (9th), with the stock price rising 2.2%. Alibaba (09988.HK) closed flat at 80.9 HKD, Tencent (00700.HK) rose 1.6%, Meituan (03690.HK) and JD.com (09618.HK) fell over 2%, and Bilibili (09626.HK) dropped 3.6%. Additionally, GDS Holdings (09698.HK) rose 6.9%, with EAST BUY (01797.HK), Tencent Music (01698.HK), Kingsoft Cloud (03896.HK), and Meitu (01357.HK) increasing between 2.2% and 3.2%.
Reports indicate that the US plans to tighten exports of NVIDIA (NVDA.US) AI chips further, with self-sufficiency Concepts driving the chip stocks SMIC (00981.HK) and Hua Hong (01347.HK) up by 4.4% and 2.7%. Personal computer manufacturer LENOVO GROUP (00992.HK) increased by 3.3%, stimulated by government subsidies for replacing old with new in CSI China Mainland Consumer Index.
ANTA's retail sales last quarter recorded high single-digit growth year-on-year, leading to a 5.3% increase in ANTA (02020.HK). Competitors LI NING (02331.HK) and TOPSPORTS (06110.HK) fell over 3%.
Goldman Sachs reported that Kang Shi Fu (00322.HK) management estimates last year's net profit growth target has upside potential, expressing confidence in future profit margins, resulting in a spike of 11.2% for Kang Shi Fu. Competitor U-PRESID CHINA (00220.HK) rose by 5.5%. Logistics stock Jitu (01519.HK) increased by 9.6%, while last year's average China e-commerce logistics index rose to 113.7, a near seven-year high. Beverage producer NONGFU SPRING (09633.HK) rose by 3.4%.
In the Automotive sector, Xiaopeng (09868.HK) and Li Auto (02015.HK) retracted by 3.6%, while automotive dealer Zhongsheng (00881.HK) fell by 3.3%. Pharmaceutical stocks BEIGENE (06160.HK) increased by 4.5%, while WUXI BIO (02269.HK) and WUXI APPTEC (02359.HK) rose by 2.8% and 2.7%. Shipping stocks fell with external pressures, with COSCO Shipping Holdings (01919.HK) dropping 3.9%.
Goldman Sachs upgraded CONCH CEMENT (00914.HK) and Aluminum Corporation of China (02600.HK) to 'Buy'; Aluminum Corporation rose by 5.1%, CONCH CEMENT rose by 2.6%. Aluminum material stocks Hongqiao (01378.HK) received a 'Neutral' rating upgrade from Goldman Sachs, with stock price climbing by 4.2%. Goldman's target price increase for Jinyi (02009.HK), China Resources Cement (01313.HK), and China National Building Material (03323.HK) all climbed over 2%.
In the Financial sector, HSBC (00005.HK) closed flat at 75.95 HKD, while Hong Kong Exchanges and Clearing (00388.HK) and AIA (01299.HK) fell by 0.6% and 1.3%.
