The Hang Seng Index closed up 175 points. The market is optimistic about the upcoming Two Sessions in mainland China, boosting consumer and real estate sectors. HSBC's earnings exceeded expectations, reaching a new high since listing. Conservative investment funds continued to flow into Fubon CSI 300 High Dividend ETF.

US stocks rose on the back of AI investment news, with South Korea and Taiwan stock markets in the Asia-Pacific region hitting new highs. Markets are optimistic about the upcoming Two Sessions in mainland China, where the government will announce a new fiscal budget. The Hang Seng Index opened 154 points higher but fell to a daily low of 26,632 points. It then rebounded, hitting a peak of 26,870 points in the afternoon before retreating again. The index closed at 26,765 points, up 175 points or 0.66%, with turnover at HKD 236.7 billion and a range of 238 points. The Hang Seng Tech Index closed at 5,260 points, down 10 points or 0.19%, with turnover at HKD 51.9 billion. The H-share Index rose 26 points or 0.3% to close at 9,034 points, with turnover at HKD 71.5 billion. Among blue chips, 42 stocks rose, 42 fell, and 4 remained unchanged, with total trading value at HKD 90.725 billion.

The market is optimistic about the upcoming Two Sessions in mainland China next week, with consumer demand sectors receiving attention. Haidilao $HAIDILAO (06862.HK)$ Up 1.02 yuan or 6.19%, closing at 17.51 yuan, making it the best-performing blue-chip stock of the day. Anta Sports $ANTA SPORTS (02020.HK)$ Up 2.1 yuan or 2.48%, trading at 86.65 yuan; Tingyi Holdings $TINGYI (00322.HK)$ Up 0.49 yuan or 3.76%, trading at 13.53 yuan; Li Ning$LI NING (02331.HK)$ Down 0.26 yuan or 1.16%, trading at 22.14 yuan. Shanghai announced the 'Shanghai Seven Measures' for the real estate market, further relaxing purchase restrictions, which also boosted real estate stocks. Country Garden$COUNTRY GARDEN (02007.HK)$ ) Up 0.02 yuan or 6.45%, closing at 0.33 yuan. Longfor Group $LONGFOR GROUP (00960.HK)$ Up 0.45 yuan or 4.6%, trading at 10.24 yuan; Sunac China $SUNAC (01918.HK)$ Up 0.04 yuan or 3.23%, closing at 1.28 yuan; China Resources Land $CHINA RES LAND (01109.HK)$ Up 0.72 yuan or 2.26%, trading at 32.58 yuan. Xinyi Solar $XINYI SOLAR (00968.HK)$ Down 0.13 yuan or 3.58%, closing at 3.5 yuan, making it the worst-performing blue-chip stock of the day.

HSBC $HSBC HOLDINGS (00005.HK)$ HSBC reported full-year results, with Q4 pre-tax profits surging 198.7% year-on-year to HKD 6.802 billion. The full-year reported pre-tax profit was USD 29.907 billion, down 7.4% year-on-year, but still surpassing expectations. HSBC closed at HKD 142.7, hitting a new all-time high since its listing, with the share price rising HKD 7.4 or 5.47%. Standard Chartered... $STANCHART (02888.HK)$ Standard Chartered announced its results yesterday, with the full-year reported pre-tax profit increasing by 16% year-on-year to USD 6.963 billion, which was below expectations. Standard Chartered's share price fell another HKD 4.3 or 2.17% today, closing at HKD 193.6.

The government released a new fiscal budget, announcing an increase in stamp duty on residential property transactions over HKD 100 million from 4.25% to 6.5%, estimating an additional annual revenue of around HKD 1 billion. However, local real estate stocks reacted rather indifferently. New World Development... $NEW WORLD DEV (00017.HK)$ rose HKD 0.58 or 5.49%, closing at HKD 11.14; Henderson Land... $HENDERSON LAND (00012.HK)$ closed at HKD 34.58, falling HKD 0.74 or 2.1%; Sun Hung Kai Properties... $SHK PPT (00016.HK)$ fell HKD 2.9 or 2.08%, closing at HKD 136.4; Sino Land... $SINO LAND (00083.HK)$ fell HKD 0.25 or 1.89%, closing at HKD 13.01; CK Asset Holdings... $CK ASSET (01113.HK)$ fell HKD 0.88 or 1.85%, closing at HKD 46.64.

AI application stocks retreated after a surge. MINIMAX-MP... $MINIMAX-W (00100.HK)$ fell HKD 126.5 or 14.37%, closing at HKD 753.5; Zhipu... $KNOWLEDGE ATLAS (02513.HK)$ Dropped 67.5 yuan or 10.75%, closing at 50.5 yuan; HaiZhi Technology $HAIZHI TECH GP (02706.HK)$ Entered into a strategic partnership with Zhipu to accelerate model training and application implementation; stock price fell 14.2 yuan or 11.63%, closing at 107.9 yuan; US memory chip leader SanDisk $SanDisk (SNDK.US)$ Targeted by short sellers, relevant A-share and Hong Kong-listed concept stocks saw some pullbacks; Montage Technology $MONTAGE TECH (06809.HK)$ Fell 14.7 yuan or 7.11%, closing at 192.1 yuan; GigaDevice $GIGADEVICE (03986.HK)$ Dropped 19.6 yuan or 4.53%, closing at 412.6 yuan. Tech stocks continued their downturn; SenseTime $SENSETIME-W (00020.HK)$ Fell 0.14 yuan or 5.36%, closing at 2.47 yuan; Kingsoft Software $KINGSOFT (03888.HK)$ Dropped 0.62 yuan or 2.32%, closing at 26.12 yuan; Bilibili $BILIBILI-W (09626.HK)$ Fell 2 yuan or 0.87%, closing at 228.8 yuan; Baidu Group $BIDU-SW (09888.HK)$ Dropped 0.8 yuan or 0.62%, closing at 128.9 yuan; Alibaba $BABA-W (09988.HK)$ Rose 0.3 yuan or 0.2%, closing at 148.3 yuan; Tencent Holdings $TENCENT (00700.HK)$ Up 2.5 yuan or 0.48%, closing at 522.5 yuan.

In the face of the U.S. Supreme Court's ruling that Trump's global tariff policy is invalid and continued disruptions in the external economic environment, investors may lean toward more conservative investments, reallocating funds to defensive or high-dividend stocks for income, as a hedge against overseas volatility and geopolitical conflict risks. The Fubon SSE-SZSE-HK High Dividend ETF $Fubon Hang Seng Shanghai-Shenzhen-Hong Kong (Selected Corporations) High Dividend Yield Index ETF (03190.HK)$ Primarily tracks the Hang Seng SSE-SZSE-HK (Selected Enterprises) High Dividend Index, covering sectors such as energy, finance, building materials, and industrials, including large enterprises like COSCO Shipping, $COSCO SHIP HOLD (01919.HK)$ China Hongqiao, $CHINAHONGQIAO (01378.HK)$ and CNOOC. $CNOOC (00883.HK)$ Moreover, following the reopening of Northbound trading, this ETF recorded approximately HKD 45 million in new inflows, marking the highest single-day net inflow since its listing in 2022. This reflects a preference for allocating funds into large-cap, high-dividend, and defensive sectors. The ETF closed today at 18.08 yuan, up 0.05 yuan or 0.27%. The Fubon SSE-SZSE-HK High Dividend ETF aims for quarterly dividends, having announced the first quarter ex-dividend date as March 20, with a dividend of 0.2 yuan per share this quarter, offering a dividend yield of approximately 5.8%, making it suitable for long-term investors seeking high-dividend stocks and stable cash flow.

@孫子的末代傳人 @中戶變大戶小牛變大牛 @股海GSO

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