Retail Sales Slump. Cold Snap and Post-holiday Blues Depress Spending.
US Morning News Call | Nasdaq Golden Dragon China Index Rises 9% in February
What will be the next step for Hong Kong stocks? Morgan Stanley: The differentiation will continue, and foreign capital still has room for allocation increase.
Morgan Stanley stated that so far, southbound capital has made the largest contribution to this rebound, with foreign long-term investors still holding relatively low positions and there being room for increased allocation. After a long period of limited attention, Global investors are beginning to reassess China's investability in the fields of Technology and AI. In the short term, the divergent performance between AI/Technology stocks and non-AI/Technology stocks may continue.
CITIC SEC: The Hong Kong stock market may face profit-taking risks, but it does not change the reversal trend for the entire year.
Looking at the whole year, against the backdrop of the gradual recovery of the domestic economic fundamentals, combined with the cost-effectiveness of valuations, CITIC SEC remains bullish on the continuation of the reversal market for Hong Kong stocks since 2024.
Hong Kong stock early report | The central bank stated that it will adjust and optimize the policy intensity and pace at an appropriate time. Apple is reportedly continuing its cooperation with Baidu to develop AI features for the iPhone.
① Apple continues to collaborate with Baidu to develop AI features for the iPhone to mitigate risks. ② Xiaopeng Autos states that new products will deeply cooperate with Huawei. ③ Institutions predict that rents for Grade A offices in Hong Kong may fall by 10% this year. ④ The first retail tokenized Fund in the Asia-Pacific has been approved and is expected to be listed by the end of February.
U.S. stock market close: PPI boosts market sentiment, three major Indexes all rise, with the Nasdaq up 1.5%.
① The S&P 500 Index rose by 1%, while the Nasdaq increased by 1.5%; ② Large Technology stocks all rose, with NVIDIA up over 3%; ③ Chinese concept stocks varied, with the Nasdaq Golden Dragon China Index up by 1.20%; ④ Apple is reportedly continuing to work with Baidu to develop AI features for iPhone users in China in order to diversify risks.
