Exceed Downloads from Alibabas Ki model exceed Deepseek

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The Asian stocks were mixed overnight when Indonesia exceeded, Taiwan was below average and South Korea was closed for independence day.

The Hong Kong and the mainland China drove in the room on volumes that declined on Friday after the massive MSCI index -Rebalance trade, even though Trump's threatened tariffs, which had a shadow on today's trade. The investors are waiting for the political direction of China's big political meetings that start tomorrow. Before the 14th^TH The national folk congress, which begins on Wednesday, will give a press conference tomorrow with noon to check the agenda.

The six -day political advisory conference of the Chinese population, which ends on Tuesday and March 10, organized an uneventful press conference before the meeting on Monday. Will China react to Trump -Zölle with great domestic consumption? The expectations are low.

The “Dual Sessions” describes the 2025 economic agenda and the grade of tomorrow will contain a complete overview.

The Bubble Tea Maker Mixue Group has increased +43.21% after the company collected 444 million US dollars. Surprisingly, the company has had 45,300 shops since its foundation in 1997. The IPO is another signal of the cyclical soil, since retail investors for the IPO have been exaggerated by only 5,258 times, while HSBC has recently announced the cut of the HSBC.

The Hong Kong Volumes have so far been extremely high this year because UBS expects 30 companies to be listed on the mainland this year.

At the Mobile World Congress in Barcelona, ​​Xiaomi started the 15 Ultra in Europe at a price of € 1,499, which is more than the iPhone 16 Pro Max. Xiaomi, which fell around -1.74%, was of value from Hong Kong, followed by Alibaba, which received the downloads of Deepseeks R1 model when he was downloaded by his Wanxiang -sized voice model +2.27%.

Tencent received +0.96%, Semiconductor Manufacturing International fell -4.1%and Meituan to gain +0.37%.

Cars were mixed as they had mixed the sale in January and February. The months were combined due to the Chinese New Year. The message of car manufacturers recorded the following results:

• In rumors, BYD fell by -2.15% that in January and February it could sell a discount with a discount (electric vehicle) and the hybrid sales of +90.44% compared to the previous year (YOY) to 614,679 cars by +90.44% (Yoy) to 614,679 cars.
• Li Auto fell by -4.85% after the sale of 26,263 cars in February -4.85%, which corresponds to an increase of +29.69% compared to -12% compared to January.
• Xpeng has increased +1.94% after selling 60,803 cars in January and February, which corresponds to an increase of +375% Joy.

Hardware names were switched off, including SMIC, which fell at -4.1%. The names for communication devices and household appliances were also eliminated because Midea -3.91% and Haier fell by -2.42%. In the investors in the Festlands, the shares listed in Hong Kong bought a healthy net purchase over the south, including Alibaba, a healthy net purchase.

The PMI of Caixin Manufacturing in February was 50.8 compared to the expectations of 50.4 and January 50.1.

After the meeting of President XI with technology entrepreneurs and managers of the private sector, the People's Bank of China Governor Pan Gongsheng said that the central bank would drive financial institutions to support the private sector.

The Chinese mainland saw small caps, especially mega-cap banks, insurance, energy and mobile radio companies. Metals had a strong day, while semiconductors and communication equipment companies were weak, including ZTE, which fell -6.52%.

The US house has several legislative templates in which China is involved in which this week will be voted. However, it is difficult to say whether you will make it through the Senate. Warren Buffett's anti-tariff comments were great news in China, since the front page of Wall Street Journal seems to warn the White House that the tariffs are inflationary, which is a reason why bidges were selected. It is a perfect timing for us to meet the former US ambassador to China Terry Branstad on Tuesday, as the US farmers announced that the US farmers are targeting on tariff.

The Hang Seng and Hang Seng Tech indices joined the closure of +0.28% or -0.58% to a volume that decreased by -25.69% compared to Friday, which corresponds to 196% of the 1 -year average. 259 stocks rose while 230 stocks went back. The short sales of the main committee decreased by -29.15% compared to Friday, which corresponds to 172% of the 1 -year -average, since 13% of the turnover of short sales were (the brief sales of Hong Kong comprises the ETF short volume, which is driven by the ETF protection of the market manufacturers). The value factor and the small caps exceeded the growth factor and the large caps. The top performing sectors were materials that +1.95%, consumer clips, +1.32%and industry, which were gaining +0.96%. In the meantime, the worst sectors were information technology that fell by -1.52%, and health care that fell -1.64%. The top performance sub-sectors were consumer distribution of consumers, consumers, clothing and distribution of consumers. In the meantime, semiconductors, household appliances and technology hardware were among the worst tenders. Shalleny Connection volumes were high when the investors on the mainland bought a net value of $ 1.25 billion worth $ 1.25 billion for stocks and ETFs worth $ 1.25 billion, including Alibaba, a large net purchase, tencent and SMIC, which were moderate net purchases. In the meantime, Meituan, Xpeng, ZTE and Xiaomi were small net purchases, and Li Auto was a little net sale.

Shanghai, Shenzhen and the Sternboard were individually located on the profits of -0.12%, +0.33%or. -1.52%to attribute the volume of -13%compared to Friday, which corresponds to 140%of the 1 -year average. 3,008 shares rose while 1,918 stocks decreased. The growth factor and the small caps have won more than the value factor and the large caps. The top performing sectors were materials, the +1.55%, industry, +0.98%and real estate that had to gain +0.8%. In the meantime, the worst sectors of information technology, which were around -1.14%, consumer brackets that fell by -0.79%, and the supply companies that decreased by -0.71%. The top performance sub-sectors were fine chemicals, leisure products and basic metals. In the meantime, household appliances, communication devices and the forestry industry are among the worst sub -industries. Equity support volumes to the north were above average. The yields of the Ministry of Finance fell. Copper and steel were basically flat.

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Performance of the last night

Exchange courses, prices and returns of the last night

• Cny Pro USD 7.29 compared to 7.28 Friday
• CNY Pro 7.64 EUR compared to 7.54 Friday
• Rendite for 10-year state bonds 1.70% compared to 1.72% Friday
• Rendite for 10-year bond of China Development Bank 1.72% compared to 1.75% Friday
• Copper price +0.01%
• Steel price +0.03%