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<Full-day Takeaway>HSI Closes at 26,629, Up 44 pts; HSTI Closes at 5,762, Up 16 pts; POP MART Up over 5%; WHARF REIC, BIDU-SW, SHK PPT, SINOPEC CORP, CK ASSET Hit New Highs; Market Turnover Rises
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<Econ>UK Last Dec Public Finance Deficit Narrows to GBP11.6B, Beating Expectations
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POP MART Swells 6% After Midday as Xinhua News Agency Interview with Wang Ning to Be Aired at Noon Tmr
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<Research>Macquarie Adds CHOW TAI FOOK's TP to HKD19.8 w/ Rating Outperform
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<Research>G Sachs Lifts HUA HONG SEMI's TP to HKD134 w/ Rating Reiterated Buy
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<Research>BOCI Expects POP MART Shr Buyback to Restore Mkt Confidence; Labubu Key Pillar Still
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He Lifeng Meets with Apple's Cook, JPM's Dimon, Bridgewater's Dalio in Davos: Wire
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POP MART Spikes 5%+ after Midday; BOCI Foresees Shr Buyback to Restore Mkt Confidence
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<Research>Jefferies: KINGDEE INT'L 2H25 Rev., NP In Line; Profit Growth Foreseen from 2026
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Societe Generale Plans to Axe 1,800 Jobs by End of 2027
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<Research>Jefferies: Microsoft Rated at Buy as Valuation More Attractive Than Peers
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<Research>Jefferies Keeps BIDU-SW Buy Rating with TP of HKD176
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<Research>M Stanley Rates GDS Holdings, VNET Group as Overweight w/ Higher TPs
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<Research>JPM: Semiconductor & Equipment Industry's 4Q Results Likely in Line or Beat; Nvidia, Broadcom Rated Overweight
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<H Shrs>HSI Drops 26 Pts at Midday, but BIDU Leaps 4%+; ASMPT Swells 6%
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<Research>JPM More Positive on Short-term Lithium Prices but Cautious on Mid-term Trend
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<Research>M Stanley: AI Diffusion & Industrial Upgrades Drive Growth; GEEKPLUS-W Liked w/ TP $37
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<Midday Takeaway>HSI Closes Midday at 26,558, Down 26 pts; HSTI Closes Midday at 5,722, Down 23 pts; WHARF REIC Up over 4%; WHARF REIC, BIDU-SW, SHK PPT, SINOPEC CORP, CK ASSET Hit New Highs
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<Commodity>G Sachs Raises Gold Price Forecast to USD5.4K/ Ounce at End-2026
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<Research>UOB Kay Hian Expects TENCENT 4Q25 Rev. to Rise 13% YoY, Maintains Buy Rating
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