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<Full-day Takeaway>HSI Closes at 27,032, Down 233 pts; HSTI Closes at 5,408, Down 91 pts; MEITUAN Down over 4%; WUXI APPTEC, SHK PPT, SINOPEC CORP, CHINA RES MIXC, HK & CHINA GAS Hit New Highs; Market Turnover Rises
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<Research>M Stanley Expects HKEX to Earn 2% Less Last Qtr; Outlook Still Positive
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CN to Impose Countervailing Duties on Imports of Dairy Products Originating from EU Starting Tmr
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Lei Jun: XIAOMI YU7 First in Sales This Jan; Stores To Remain Open During Spring Festival
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MINIMAX-WP Launches Programming Model MiniMax M2.5, Benchmarking Claude Opus 4.6
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<Research>CLSA Initiates Coverage on TIANYU SEMI w/ Rating Outperform & TP HKD70
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<Research>G Sachs: LENOVO GROUP Quarterly Results Beat
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<Research>M Stanley: BUD APAC Quarterly Results Weak, in Line; Rating Kept at Overweight
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<Research>UOB Kay Hian: NTES-S Quarterly Results Miss w/ Strong Game Pipeline; Rating Kept at Buy
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<Research>Bernstein: TENCENT Valuation Under Pressure as Mkt Eyes Chatbot Development Lag
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<Research>CMBI Expects NetEase Rev. Recognition Cycle to Extend, Drops TP to US$161.5
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Samsung Begins Commercial Delivery of HBM4 Chips to Customers
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<Research>BofAS: SINO BIOPHARM Shows Positive Progress on 2 Drugs; Rating Reiterated at Buy
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Amap to Launch Self-Developed Embodied Navigation Foundation Model, Enabling Robots to Deliver Items & Provide Follow Services Across Scenarios: Report
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<Research>BofAS Lifts WUXI BIO's TP to HKD47 on Solid Positive Earnings Alert
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LENOVO GROUP Extends Decline to 3%+ as NP Drops 21% Last Quarter
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Alibaba Entrepreneurs Fund: CN AI Firms Have Sufficient Competitiveness, Unaffected by US-CN Situation
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<H Shrs>HSI Loses 242 Pts at Midday, Led by Techs; CN Developers/ WUXI Series Boom
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<Results>LENOVO GROUP 3FQ Adj. NP Rises 36% to USD589M; Revenue Up 18% to Record High
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Spring Festival 'Red Packet' Battle Reported to Test Clearing & Settlement Capabilities; TENCENT Claims to Strengthen Cybersecurity Protection System
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