Market Recap
On Tuesday, US stock market closed slightly higher as investors continued assessing President Trump’s tariff policy and its potential impact on global trade. Last Thursday (Feb. 13), Trump announced a reciprocal tariff plan, aiming to match the import duties imposed by trade partners on U.S. goods. He also hinted at additional tariffs on imports from countries with value-added tax (VAT) systems.
Although the new tariffs were not immediately enacted, easing concerns about stricter trade measures, Trump signed a memorandum initiating the process. White House officials indicated that he seeks swift action, suggesting implementation could take weeks rather than months.
US Stock Market Highlights
Tech stocks saw mixed performance:
- Intel jumped over 16%, extending its February gains beyond 40% to reach its highest level since August. Reports emerged that TSMC and Broadcom are in discussions about a potential acquisition of Intel’s business units.
- Meta fell over 2%, snapping its 20-day winning streak.
- Netflix dropped more than 2%, while Amazon, Google, Apple, and Tesla posted modest losses.
- Microsoft and Nvidia edged higher.
Chinese stocks on Nasdaq were mixed:
- WeRide surged over 28%, while XPeng gained nearly 5%.
- Pinduoduo rose over 3%, and Alibaba climbed nearly 2%.
- iQIYI tumbled over 9%, Baidu lost more than 7%, and JD.com slid nearly 6%.
Technical Analysis of US Market
US Market Snapshot
- Dow Jones ⬆️ +10.26 pts (+0.02%) to 44,556.34
- Nasdaq ⬆️ +14.49 pts (+0.07%) to 20,041.26
- S&P 500 ⬆️ +14.95 pts (+0.24%) to 6,129.57
Hong Kong Stock Market Highlights
Hong Kong stocks opened lower but rebounded throughout the session:
- Tech stocks lagged, with Meituan down over 3%, Baidu falling nearly 3%, and NetEase sliding 2%.
- Consumer staples rallied, led by Mengniu Dairy, which soared 10% despite issuing a profit warning. Budweiser APAC gained nearly 4%.
- Semiconductor stocks surged, with Hua Hong Semiconductor jumping over 17%, after Trump announced potential 25% tariffs on semiconductor imports starting in April.
Technical Analysis of Hong Kong Market
HK Market Snapshot
- Hang Seng Index ⬇️ -0.28% to 22,911.68
- Hang Seng Tech Index ⬆️ +0.37% to 5,659.78
- China Enterprises Index ⬇️ -0.22% to 8,456.73
A50 & China A-Share Markets Highlights
A-shares opened lower but rebounded, with over 4,100 stocks advancing.
Sector Performance:
- Gainers: Liquid crystal polymer (LCP), automotive bearings, linear drives, deep-sea data centers, wind power components, and robotics.
- Losers: AI water management, sports media, PVDF, children’s apparel, aviation landing gear, and household appliances.
Technical Analysis of China Market
China Market Snapshot
- Shanghai Composite ⬆️ +0.54% to 3,342.48
- Shenzhen Component ⬆️ +0.83% to 10,705.26
- ChiNext Index ⬆️ +1.41% to 2,213.31
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Disclaimer
This information contained in this blog is for general reference only and is not intended as investment advice, a recommendation, an offer, or an invitation to buy or sell any financial instruments. It does not consider any specific recipient’s investment objectives or financial situation. Past performance references are not reliable indicators of future performance. Doo Prime and its affiliates make no representations or warranties about the accuracy or completeness of this information and accept no liability for any losses or damages resulting from its use or from any investments made based on it.
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