Real-time News

February 25th - Tencent Wealth Management's current account + 7-day annualized yield ranges from a high of 1.1870% to a low of 0.8410%, WeChat Pay's 7-day annualized yield ranges from a high of 1.1610% to a low of 1.0190%, and Alipay's Yu'ebao's 7-day annualized yield ranges from a high of 1.1150% to a low of 1.0130%.

Hong Kong stocks in the new consumption sector showed mixed performance, with Bruco (00325.HK) falling nearly 4% to a record low, Mixue Group (02097.HK) falling more than 3%, and Guming (01364.HK) and Mingming Very Busy (0178.HK) rising about 2%.

Hong Kong-listed mainland property stocks rallied in early trading, with Longfor Group (00960.HK) rising over 5%, Sunac China (01918.HK) and Country Garden (02007.HK) rising over 4%, and CIFI Holdings Group (00884.HK) and R&F Properties (02777.HK) following suit.

The Hang Seng Tech Index rose to 1%, while the Hang Seng Index is currently up 0.34%.

He Xiaopeng, CEO of XPeng Motors (09868.HK), announced on Weibo today that the 2026 XPeng X9 pure electric version will be officially launched on March 2nd, next week.

Market news: US President Trump will say he will demand the immediate and full restoration of all funding to the US Department of Border Security and the Department of Homeland Security.

February 25th - Lingering concerns about the Bank of Japan's interest rate path have kept the yen consolidating against other G10 and Asian currencies. According to local media reports, Japanese Prime Minister Sanae Takaichi expressed concerns about further interest rate hikes during her meeting with Bank of Japan Governor Kazuo Ueda last week. Sky Masters, Head of Markets Research at National Australia Bank, noted that this latest news has brought uncertainty back to the market, given previous market expectations that Takaichi might adjust her monetary policy stance. This makes investors highly focused on her nominations of two new Bank of Japan board members today.

On Wednesday, February 25, the Hang Seng Index opened 154.88 points higher, or 0.58%, at 26,745.2 points; the Hang Seng Tech Index opened 45.39 points higher, or 0.86%, at 5,316.09 points; the H-share Index opened 61.33 points higher, or 0.68%, at 9,069.19 points; and the Red Chip Index opened 18.17 points higher, or 0.41%, at 4,464.07 points.

The head of Amazon's (AMZN.O) AI lab will be leaving his post during a leadership reshuffle.

New York silver futures touched $88 per ounce, up 0.56% on the day.

The yield on Japan's 40-year government bonds rose 5 basis points to 3.565%.

On February 25th, according to Qichacha APP, Shanghai Pony.ai Technology Co., Ltd. was recently established with a registered capital of US$100 million. Its business scope includes integrated circuit manufacturing; integrated circuit chip and product manufacturing; artificial intelligence hardware sales; and retail of computer software, hardware, and auxiliary equipment. Qichacha's equity penetration analysis shows that the company is wholly owned by Hong Kong Pony.ai Limited.

On February 25th, HP (HPQ.N) stated that its full-year earnings may reach the lower end of its previously forecast range due to tariffs and rising memory chip prices. The stock fell approximately 7% in after-hours trading after closing at $18.20 in New York. Over the past 12 months, the stock has fallen by 48%. HP and other device manufacturers are facing the dual challenges of rising memory chip prices and supply shortages as consumers buy new computers to replace outdated devices and acquire new AI capabilities. The company stated that the memory issue will persist throughout the fiscal year and may extend into the next. HP said it is raising product prices, working to bring in more suppliers, and adjusting some products to reduce memory demand. The company said today that it has made progress in these areas, including completing the certification of new suppliers. HP announced the launch of a multi-year cost-cutting plan aimed at saving the company $1 billion annually by 2028.