【Hang Seng Index Futures + Northbound Capital】Northbound Capital Made Large-Scale Purchases of 22.3 Billion on Wednesday; Major Players Swept Up Yinfu Funds, Hang Seng ETF, Bubble Mart, and Shorted CNOOC and Tencent; Hang Seng Index Futures Fell 92 Points (Continuously Updated)

【Hang Seng Index / Hang Seng / HSIC / Hang Seng Index / HSI / Hong Kong Stocks / Night Futures / ADR】Northbound funds absorbed HKD 22.32 billion on Wednesday, with major funds buying into the盈富基金 (02800), recording a net inflow of HKD 11.38 billion for the day. The Hang Seng China Index ETF (02828) also attracted HKD 3.4 billion. Bubble Mart (09992), which plunged over 20% on Wednesday, saw a net inflow of HKD 2.31 billion. In contrast, China National Offshore Oil Corporation (00883) and Tencent (00700) recorded net outflows of HKD 1.06 billion and HKD 620 million respectively.

Hang Seng night futures fell 78 points to 25,292 points.

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The Hang Seng Index fluctuated, rising 272 points. After Bubble Mart’s earnings report, it was heavily sold off, dropping 22%. Meanwhile, Meituan surged nearly 14% on hopes that the delivery war has ended.

Hong Kong stocks fluctuated, rising over 200 points. Signs of easing in Middle East conflicts supported the market. The Hang Seng Index opened higher by 216 points at 25,280, reaching a high of 25,390 after opening, then briefly turned lower in the afternoon. The index closed up 272 points at 25,335, with a turnover of HKD 350.93 billion. The Tech Index rose 1.9% to 4,922 points. Bubble Mart (09992) plunged 22% after earnings, while Meituan (03690) rose nearly 14%, and Alibaba (09988) gained over 4%.

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The US stock market updates continuously, see details on the next page.

Financial Daily:

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Market Trends:

【17:37】【Gold Price Trend】Goldman Sachs maintains year-end gold price forecast of USD 5,400 per ounce, supported by central bank gold purchases.

【17:31】【1024 Earnings】Kuaishou’s adjusted profit rose 16.5% last year, with a final dividend of HKD 0.69.

【17:24】【3888 Earnings】Kingsoft Software’s profit increased 29% to RMB 2 billion; final dividend reduced by 13% to HKD 0.13.

【17:17】【Paperless Securities Trading】USM to be implemented within the year. HKEX, SFC, and Treasury Department explain the advantages and benefits for investors.

【17:09】【Mobile Gaming Stock 799 Earnings】IGG’s full-year net profit fell less than 0.1%, with total dividends of HKD 0.544.

【17:00】Green Tea Group’s 2025 earnings announced: resilient same-store sales and new store optimization drive growth, leading the Chinese chain restaurant sector.

【16:59】【TVB (511)】Turned profitable last year with HKD 59 million net profit, no dividend. Expect moderate growth in advertising revenue this year. Suggest renaming to “Wireless Group.”

【16:12】Hang Seng Index up 272 points, closing at 25,335, with a turnover of HKD 350.93 billion. Bubble Mart (09992) plunged 22% after earnings, Meituan (03690) rose nearly 14%, Alibaba (09988) up over 4%.

【16:00】Hang Seng U-Share futures up 219 points at 25,283, with HKD 339.32 billion traded.

【15:13】Hong Kong stocks rose about 150 points in the late session, closing at 25,214. Meituan (03690) increased over 12%, reaching HKD 89.

【14:56】【1833 Earnings】Ping An Good Doctor: AI contributed 4.5% to gross profit; “AI+” becomes core growth driver; expects increased investment this year.

【14:26】【9992 Earnings】Bubble Mart: expects growth rate of at least 20% this year; plans to launch LABUBU 4.0 series in the second half (ongoing updates).

【14:10】Bubble Mart (09992) fell further, down 20%, to HKD 172.6.

【13:57】Market rose about 300 points in the afternoon, but gains narrowed to around 130 points.

【13:57】【Delivery War】Meituan’s stock surged 10% in the afternoon, hitting HKD 87.5. JD.com and Alibaba (09988) rose 5%. Market regulator reposted article: “The delivery war should end.”

【13:39】Meituan (03690), which will announce earnings tomorrow, rose 10% to HKD 87.5. Alibaba (09988) up over 5%, Tencent (00700) slightly weaker, down 0.5%.

【13:34】Meituan (03690) surged 7% to HKD 85.85.

【13:33】Hong Kong stocks rose over 100 points, with the Hang Seng Index at 25,226, up 162, with HKD 183.7 billion traded. The Tech Index rose 1.1% to 4,885.

【13:27】【HK Stock Analysis】 The Hang Seng Index once surged over 300 points, briefly crossing the bull-bear line. If a ceasefire agreement is reached, the index could rise to 26,300.

【13:24】【9633 Analysis】 Nongfu Spring’s earnings surged 10% after release, beating expectations. The performance is “impeccable.”

【13:11】【371 Earnings】Beijing Enterprises Water Group’s net profit fell 6.9% last year; final dividend increased over 1% to HKD 0.0925.

【13:06】Hong Kong stocks turned lower about 20 points in the afternoon, at 25,041, still above 25,000.

【13:06】Bubble Mart (09992) fell over 14% after earnings, low at HKD 185.

【12:47】【9992 Earnings】Bubble Mart’s net profit last year was RMB 12.78 billion, nearly tripling; 17 IPs earned over HKD 100 million; THE MONSTERS earned RMB 14.16 billion, Star People’s revenue increased 16-fold.

【12:37】【6181 Major Bank Report】Old gold shops are favored by two foreign institutions, but Nomura lowered target price by 5%, possibly due to gold price issues.

【12:30】【Sports Goods Sector 2020 Earnings】Anta’s net profit fell 12.9% to RMB 13.59 billion; revenue exceeded HKD 80 billion for the first time; final dividend HKD 1.08.

【12:00】Hang Seng half-day slightly up 9 points at 25,072, with HKD 151.29 billion traded. China Gold International (02899) up over 1%, CNOOC (00883) down over 3%, Xiaomi (01810) down nearly 3% after earnings, Nongfu Spring (09633) up over 8%.

【11:53】Zejing Holdings (02632), which dipped yesterday, rebounded 60% on debut, reaching HKD 45.6.

【11:46】Hong Kong stocks’ midday gains narrowed to about 30 points.

【11:44】【1810 Analysis】Xiaomi down over 3%, with smartphone gross margin falling to 8.3%. Capital expenditure doubled. He Qicong: low gross margin + cost pressure.

【11:32】【9992】Bubble Mart’s earnings before release rose 3%, planning to launch World Cup series toys and Labubu World Cup trophy.

【11:09】【3320 Earnings】China Resources Medical’s profit surged 10% after earnings, with a 20% increase in profit last year and a 1.3-fold rise in final dividend to RMB 0.122.

【11:03】Tencent (00700) down over 1%, Alibaba (09988) up nearly 1%, Meituan (03690) up over 1%.

【10:59】Wuxi Biologics (02269) down 3% against the trend.

【Wuxi Biologics (02269) earnings】Net profit increased 46% last year, with gross margin rising to 46%.

【10:51】Market’s gain further narrowed to about 150 points, hovering around 25,200.

【10:48】【US-China Relations】CITIC considers reallocating US assets.

【10:26】【CK Hutchison sells ports】Hutchison’s Panama port claims exceed USD 2 billion, accusing the Panamanian government of delaying arbitration.

【10:19】CK Hutchison (00001) up 2%. Its Panama port claims have expanded to over USD 2 billion, citing “illegal takeover” by the Panamanian government a month ago.

【10:16】Early in the session, Hang Seng rose up to 326 points, reaching 25,390. Latest gains narrowed to about 207 points, at 25,271, with HKD 90.5 billion traded. Tech Index up 1.4% at 4,900.

【09:43】SenseTime (00020) narrowed net loss, up over 5%, reaching HKD 2.02.

【SenseTime earnings】Net loss last year narrowed 59% to RMB 1.77 billion; first EBITDA recorded in H2.

【09:43】WH Group (00288) up over 4% after earnings, high at HKD 10.05.

Pork sector earnings｜WH Group: China meat sales expected to turn positive this year; Middle East conflict has limited impact; full-year pre-fair value adjustment profit up 8.2%, final dividend HKD 0.41.

【09:43】Zijin (02899) up over 4%, Zijin Gold International (02259) up over 7%, Shandong Gold (01787) up 5%, Lingbao Gold (03330) up 8%.

【Gold Price Trend】Gold ends nine consecutive declines! Spot gold back above USD 4,500 per ounce. Local gold price per tael up HKD 1,800 daily.