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<Full-day Takeaway>HSI Closes at 26,025, Up 156 pts; HSTI Closes Flat at 5,108; ZTO EXPRESS-W Up over 7%; WELLCELL HOLD, SWIRE PACIFIC B, SWIRE PACIFIC A Hit New Highs; Market Turnover Rises
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<Research>Brokers' Investment Ratings, TPs for POP MART (Table)
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BIDU-SW: Baidu AI Cloud's AI Computing Power-related Products/ Services To See Price Hike of 30% Max.
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OpenAI Rolls Out GPT-5.4 Mini & Nano Models
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SINOPEC SSC: Mideast Operations Not Substantially Affected
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BABA-W Launches Global Intern Recruitment for 2027 w/ 80%+ AI-related Positions
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BIDU-SW Promotes Integration of Large Models with Search and Recommendation Biz
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MiniMax Releases Next-Gen Large Model M2.7
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MINIMAX-W/ KNOWLEDGE ATLAS Skyrocket 22%+/ 15%+ After Midday
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<Commodity>Oman's Crude Crosses USD150 per Barrel to New All-Time High
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<Research>Citi Expects CHINA RES POWER NP/ Div. to Be Already at Peak w/ TP $19, Rating Neutral
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Kospi 200 Futures Surge 5% Triggering SK Mkt Circuit Breaker; Samsung Electronics, SK Hynix Each Up ~7%
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HSI Vaults Above 26,000 Mark After Midday; BABA-W Spikes ~4% as Alibaba Cloud Announces AI Computing Power & Storage Product Price Hikes
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CHINA TOWER Wanes ~3% After Midday; 2025 NP Hikes 8.4%
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GEELY AUTO Tumbles 5%+ against Mkt after Midday as 2025 NP Almost Flat
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Alibaba Cloud to Hike AI Computing Power & Storage Product Prices by Max. 34%
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Samsung Electronics Considers Extending Current Memory Chip Contracts to 3-5 Yrs: Wire
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<H Shrs>HSI Fades 43 Pts at Midday as TME-SW Sinks 23%; MINIMAX-W Surges 12%
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<Results>GEELY AUTO Full-Yr NP Rises 0.2% to ~RMB16.9B; Final DPS $0.5
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<Midday Takeaway>HSI Closes Midday at 25,825, Down 43 pts; HSTI Closes Midday at 5,066, Down 41 pts; ZTO EXPRESS-W Up over 7%
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  • (1) HK Indices are real time
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