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ASIA STOCKS: Hong Kong & China Equities Higher As Tech Leads The Way

ASIA STOCKS
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  • Chinese stocks gained on Friday, showing resilience despite potential tariff risks. ETF inflows have supported onshore markets, while DeepSeek's AI momentum continues to drive sentiment. Gains were broad-based, spanning CSI 300 to CSI 2,000, with even property stocks rising on stable January sales data.
  • Major benchmarks in Hong Kong & China are all higher today, small-cap is outperforming large cap with the CSI 1000 & 2000 both up about 1.80%, while the CSI 300 trade 1.15% higher, while Hong Kong's HSI is 1.20% higher.
  • Chinese property stocks climbed as January sales data showed signs of stabilization. HSBC noted that home sales in 30 cities were largely flat y/y, with some gains in major cities during Lunar New Year. The Bloomberg Intelligence gauge of developers rose 2.5%, with Shimao (+7.1%), China Vanke (+5.9%), and Sunac (+7.6%) leading gains. Shenzhen’s housing market saw a 60% y/y jump in sales.
  • Chinese tech stocks in Hong Kong are nearing a bull market, fueled by AI enthusiasm after startup DeepSeek launched a low-cost AI model. The Hang Seng Tech Index is 2.25% higher today and up 20% from its January low, with Xiaomi, Li Auto, and Kingdee leading gains. Relief over smaller-than-expected US tariffs helped sentiment, though Morgan Stanley remains cautious on China’s semiconductor sector. Southbound flows into Hong Kong tech stocks increased in January, supported by AI momentum.
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  • Chinese stocks gained on Friday, showing resilience despite potential tariff risks. ETF inflows have supported onshore markets, while DeepSeek's AI momentum continues to drive sentiment. Gains were broad-based, spanning CSI 300 to CSI 2,000, with even property stocks rising on stable January sales data.
  • Major benchmarks in Hong Kong & China are all higher today, small-cap is outperforming large cap with the CSI 1000 & 2000 both up about 1.80%, while the CSI 300 trade 1.15% higher, while Hong Kong's HSI is 1.20% higher.
  • Chinese property stocks climbed as January sales data showed signs of stabilization. HSBC noted that home sales in 30 cities were largely flat y/y, with some gains in major cities during Lunar New Year. The Bloomberg Intelligence gauge of developers rose 2.5%, with Shimao (+7.1%), China Vanke (+5.9%), and Sunac (+7.6%) leading gains. Shenzhen’s housing market saw a 60% y/y jump in sales.
  • Chinese tech stocks in Hong Kong are nearing a bull market, fueled by AI enthusiasm after startup DeepSeek launched a low-cost AI model. The Hang Seng Tech Index is 2.25% higher today and up 20% from its January low, with Xiaomi, Li Auto, and Kingdee leading gains. Relief over smaller-than-expected US tariffs helped sentiment, though Morgan Stanley remains cautious on China’s semiconductor sector. Southbound flows into Hong Kong tech stocks increased in January, supported by AI momentum.