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<Research>Daiwa: CKI HOLDINGS Downgraded to Outperform as Fundamentals Unchanged, but Positives Priced In
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<H Shrs>HSI Opens Up 220 Pts; Gold/ Silver/ Resource Stocks Rebound; HSBC HOLDINGS/ NTES-S Rally
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<IPO>WUXI LEAD IPO Starts Tdy to Raise Max. HKD4.29B; 1-lot Entry Fee HKD4,626.2
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HTSC Plans to Issue HKD10B Zero-Coupon Convertible Bonds
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Spot Gold/ Silver Rebound 3%/ 5% to Return Above US$4,800/ US$80 Each
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UNISOUND Announces 17.7% Discounted Shr Placement to Net HKD307M
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AIR CHINA Plans to Operate 70K+ Pax Flights for 2026 Spring Festival Travel Rush
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<CN Home>Tianjin & 21 Cities in Sichuan Province Adjust Min. Down Payment Ratio for Loans Used in Commercial Property Purchases
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Musks SpaceX Announces Taking Over xAI
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Elon Musks SpaceX Merger With xAI Estimated at USD1.25T Valuation: Wire
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<US>DJIA Surges 515 Pts at Close, Leading Gains; Traditional Econ Stocks Gain; Walt Disney Dips 7% Post-results
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<Commodity>Gold Extends Slide; Spot Gold Nosedives Another ~5%
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UBS: Bidirectional Tariff Walls on EVs Likely to Be Torn Down; Improved Export Environment to Benefit CN Carmakers
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XPENG-W Delivers ~20K New Vehicles in Jan
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JPM Private Bank Lifts Yr-End Gold Target to USD6,150; Gold Price Undergoing Healthy Technical Pull-Back
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<Research>G Sachs: Rumored Capital Injection into ICBC/ ABC May Lead to Max. 7% EPS Dilution
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<H Shrs>HSI Closes Down 611 Pts; Commodities, Telecoms, Chips, Autos Suppressed
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<Research>G Sachs: Additional Capital for CN Insurers Provides Greater Flexibility for Investment Asset Allocation & Shareholder Returns
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<Research>CMBI Cuts TP for SUNNY OPTICAL to HKD91.38, Maintains Buy Rating
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CN Encourages Localities to Ramp Up Subsidies for Consumer Goods Trade-ins During Spring Festival
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