Real-time News

February 6th - Hong Kong stocks opened lower but rebounded throughout the day, before slightly retreating in the afternoon. At the close, the Hang Seng Index fell 1.21%, and the Hang Seng Tech Index fell 1.11%. New energy vehicle stocks rallied, with NIO-SW (09866.HK) rising nearly 7%, the company expecting to achieve its first profit in the fourth quarter of 2025. Oil stocks fluctuated higher, with PetroChina (00857.HK) and CNOOC (00883.HK) both rising over 1%. Lithium battery concept stocks were active, with Zhongchuang Aviation (03931.HK) rising over 5% and CATL (03750.HK) rising over 1%. Tea beverage stocks saw their gains narrow in the afternoon, with Chabaidao closing up 6.08%. In addition, traditional Chinese medicine, biomedicine, optical communications, coal, and new consumption concept stocks strengthened during the day. Cloud computing, wind power, nuclear power, leading internet companies, non-ferrous metals, building materials and cement, and artificial intelligence concept stocks were weak during the day.

The Hang Seng Index closed down 325.29 points, or 1.21%, at 26,559.95 on Friday, February 6; the Hang Seng Tech Index closed down 59.93 points, or 1.11%, at 5,346.2; the H-share Index closed down 61.96 points, or 0.68%, at 9,031.38; and the Red Chip Index closed down 13.6 points, or 0.31%, at 4,360.7.

February 6th - Today, the draft national standard for pre-prepared meals was released for public comment, outlining regulations for pre-prepared meal products from the perspectives of food safety and nutrition. Pre-prepared meals must not use spoiled or rotten ingredients. Pesticide residues, veterinary drug residues, contaminants, and mycotoxins must all meet relevant limits. Proof of origin and traceability of raw materials are essential. The production process of pre-prepared meals requires strict control of cross-contamination risks, along with temperature control and hygiene management. The standard provides detailed regulations on the amount of raw materials or ingredients used in pre-prepared meals and their content in the finished product, allowing consumers to clearly understand the product's true condition through the label. The label must indicate the consumption method: pre-cooked pre-processed meals should be labeled "must be heated or reheated before consumption"; uncooked or partially cooked pre-processed meals should be labeled "must be cooked before consumption."

Spain's seasonally adjusted industrial production fell 0.3% year-on-year in December, compared with a forecast of 2.5% and a revised previous reading of 4.6% (up from 4.50%).

PENGDING HOLDING: The company’s consolidated operating revenue in January 2026 was RMB 2,701.13 million, a decrease of 0.07% compared with the consolidated operating revenue in the same period last year.

On February 6th, at a press conference held by the State Council Information Office, Vice Minister of Commerce Yan Dong stated that in promoting the improvement and benefit of service consumption, the work of cultivating new growth points in service consumption will focus on closely integrating consumption promotion with improving people's livelihoods. We will accelerate the formulation and issuance of an action plan for improving the quality and benefiting the people through service consumption, including more than 60 specific measures. This plan will work collaboratively from both the supply and demand sides, and in conjunction with relevant departments, promote the improvement of service supply levels in areas such as culture and entertainment, tourism and leisure, and sports events. At the same time, we will track and study new trends in service consumption, actively respond to the new expectations of the people, and better meet the service consumption demands that have a significant impact on people's livelihoods and are highly requested by the public, such as health and elderly care, culture and tourism, and family services. Furthermore, we will fully utilize the strong employment absorption capacity of new growth point areas to promote employment and income growth, and promote a virtuous cycle of employment, income, and consumption.

Moody's downgraded the outlook for Telekom Indonesia, Mobile Indonesia, Petronas Indonesia and its upstream energy companies to negative.

On February 6th, Wang Xiaoliang, Director of the Online Audiovisual Program Management Department of the State Administration of Radio and Television, stated at a press conference held by the State Council Information Office that the Administration will focus on three dimensions to further promote micro-dramas in driving service consumption and contributing to economic and social development. First, strengthening policy guarantees. The Administration will formulate and implement the "Measures for the Development and Management of Micro-Dramas," ensuring both "flexible regulation" and "effective management." While safeguarding content safety, the Administration will vigorously promote fair market competition, stimulate industry innovation and creativity, and create a healthy, positive, and orderly environment. Second, strengthening creative guidance. Creators will be guided to find suitable topics and tell compelling stories from the struggles of the people to create a better life, from the inheritance of excellent traditional Chinese culture, and from the vibrant practice of Chinese-style modernization in the new era, continuously producing more high-quality works and expanding the supply of quality content. Finally, deepening integration and innovation. The Administration will thoroughly implement the "Micro-Drama+" action plan, empowering the development of various industries such as culture and tourism, sports, and agriculture, focusing on industry integration to expand service consumption.

On February 6th, Kong Dejun, Director-General of the Department of Trade in Services and Commercial Services of the Ministry of Commerce, stated at a State Council policy briefing that the Ministry of Commerce and other departments will implement the requirements of the "Work Plan" and focus on three key areas to continuously promote the expansion and improvement of automotive aftermarket service consumption. First, pilot programs will be implemented to explore development models. To adapt to the new situation and trends in automobile circulation and consumption, the Ministry of Commerce, together with relevant departments, will further promote pilot reforms in automobile circulation and consumption, supporting pilot regions to deepen reforms, actively innovate, and conduct pilot trials based on local conditions, focusing on management systems, standards and technologies, and data platforms, exploring new paths for high-quality development of the automotive aftermarket. Second, the car rental service network will be further optimized to promote the coordinated development of car rental and tourism industries.

According to Al Jazeera, the Iranian and American negotiating teams were led by Iranian Foreign Minister Araghchi and US Special Envoy Witkov, respectively.

February 6th - At a State Council policy briefing, Vice Minister of Commerce Yan Dong stated that efforts will be made to vigorously develop tax refunds for departing tourists. This includes encouraging more shops to become tax-refund shops, further optimizing tax refund services, and improving convenience. By expanding the number of shops, increasing the variety of goods, and improving services, the aim is to attract overseas tourists to China and effectively stimulate the potential of inbound consumption.

France's final fourth-quarter unadjusted monthly earnings rose 0.2% quarter-on-quarter, below the expected 0.3% and the previous reading of 0.30%.

France's current account deficit in December was -€600 million, revised from -€800 million to -€300 million in the previous month.

French exports in December totaled €53.062 billion, revised from €52.23 billion to €52.178 billion in the previous month.

France imported €57.905 billion in December, compared with a revised figure of €56.214 billion in the previous month (originally €56.39 billion).