On February 5, 2025, the Hong Kong stock market closed lower. The Hang Seng Index (HSI) fell by 0.93%, the Hang Seng China Enterprises Index (HSCEI) dropped by 1.01%, the Hang Seng Tech Index (HSTECH) decreased by 0.95%, and the Hang Seng China-Affiliated Corporations Index (HSCCI) declined by 0.89%.
In terms of sectors, the gold stocks sector saw significant gains, with Zijin Mining rising by 1.05% and SD Gold surging by 10.32%. The port and shipping sectors also performed well, with COSCO Shipping Holdings increasing by 2.62%.
Lenovo Group saw a significant increase of 3.99%. Lenovo, in collaboration with Muxi Co. Ltd., launched an all-in-one solution based on the DeepSeek large model, which is expected to drive advancements in artificial intelligence.
Xiaomi-W rose by 0.25%. Xiaomi's founder Lei Jun announced the launch of the luxury version of the SU7 Ultra electric vehicle at the end of February, aiming for annual sales of 10,000 units. This announcement is part of Xiaomi's strategy to expand its presence in the electric vehicle market.
SMIC fell by 1.65%. The decline is attributed to the release of the China Caixin/S&P Global January Services PMI, which came in at 51.0, lower than the previous 52.2.
XPeng-W declined by 1.29%. XPeng's chairman He Xiaopeng emphasized the company's commitment to international expansion and highlighted its leading position in high-end pure electric vehicle sales in Europe. The announcement of significant discounts by Tesla, XPeng, and Toyota also impacted the stock.
Sands China Ltd dropped by 3.13%. The decline followed the announcement that Macau's January gaming revenue was 18.3 billion MOP, 6% lower than expected.
China Cinda fell by 3.36% after issuing a profit warning, expecting a year-on-year net profit decline of approximately 40% to 50%.
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