Following the US Supreme Court's overturning of US President Donald Trump's tariff policy, Trump immediately announced a 15% global tariff hike. Major Asia-Pacific stock markets had a good run broadly this morning (23rd). Taiwan reopened after the Lunar New Year holiday, breaking the 34,000 level for the first time in history, peaking at 34,212, and last logged at 34,057, up 451 points or nearly 1.4%. Singapore stocks went up 23 points or nearly 0.5%, at 5,041, setting a historical high. South Korea's Kospi added 55 points or nearly 1%, at 5,863, having marked an intraday high of 5,931, also a historical high. Mainland China's A-shares and Japanese stock markets are still closed. In Hong Kong, the HSI opened 385 points higher this morning; with gains expanding in the early session, it reclaimed the 27,000 level. It last leapfrogged 737 points or 2.8%, at 27,151, with a turnover of HKD77.874 billion.

Heavyweight techs led the market rally. MEITUAN-W (03690.HK) opened 3% higher; with extended upswing, it peaked at HKD87.5. It last stood at HKD86.7, up 7.37%, making it the top blue-chip gainer, with a turnover of HKD2.741 billion. JD-SW (09618.HK) last posted at HKD109.2, up 5.2%, with a turnover of HKD438 million. TENCENT (00700.HK) last stood at HKD539, up 3.26%, with a turnover of HKD4.895 billion. BABA-W (09988.HK) last printed at HKD152.9, up 3.94%, with a turnover of HKD2.917 billion. XIAOMI-W (01810.HK) was last at HKD36.72, up 3.85%, with a turnover of HKD1.405 billion. KUAISHOU-W (01024.HK) last traded at HKD68.9, up 3.61%, with a turnover of HKD442 million. NTES-S (09999.HK) last quoted at HKD184.9, up 3.12%, with a turnover of HKD550 million.

Last Friday (20th), three AI model stocks that hit record highs drastically retreated from their historical closing highs. KNOWLEDGE ATLAS (02513.HK) last traded at HKD586.5, down 19.1%, with a turnover of HKD1.952 billion. MINIMAX-WP (00100.HK) slid as much as 15.5% intraday to a low of HKD820. It last charted at HKD879, down 9.38%, with a turnover of HKD1.356 billion. HAIZHI TECH GP (02706.HK) last logged at HKD139.1, down 9.73%, with a turnover of HKD448 million.
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AASTOCKS Financial News
Website: www.aastocks.com

SG Top Picks
Stock & Type	Code	Strike(Call Level)	Last	Effective Gearing
TENCT (C)	25949	700.5 (-)	0.048	10.3 X
TENCT (C)	25950	680.5 (-)	0.051	10.6 X
TENCT (C)	26497	629.38 (-)	0.104	9.3 X
TENCT (C)	16022	530.5 (-)	0.045	9.6 X
TENCT (P)	21910	499.8 (-)	0.280	7.7 X
TENCT (P)	26063	466.46 (-)	0.205	7.2 X
TENCT (Bull)	58894	487 (490)	0.053	19.2 X
TENCT (Bull)	58296	472 (475)	0.085	12.0 X
TENCT (Bear)	57527	578 (575)	0.116	8.8 X
TENCT (Bear)	60999	568 (565)	0.101	10.1 X
SMIC (C)	26354	91.93 (-)	0.038	5.3 X
SMIC (C)	26595	77.82 (-)	0.063	5.0 X
SMIC (C)	19435	69.04 (-)	0.093	4.6 X
SMIC (P)	20487	52.45 (-)	0.079	4.6 X
SMIC (P)	19794	49.79 (-)	0.079	4.0 X
SMIC (Bull)	55881	53.2 (53.8)	0.039	14.6 X
SMIC (Bull)	68511	51.6 (52.2)	0.061	9.3 X
SMIC (Bear)	68520	71.1 (70.5)	0.119	4.8 X
SMIC (Bear)	68523	67.6 (67)	0.090	6.3 X
KUASO (C)	22186	75.93 (-)	0.036	4.5 X
KUASO (P)	18456	49.83 (-)	0.140	2.6 X
KUASO (Bull)	68536	46 (48.5)	0.084	6.4 X
KUASO (Bear)	68537	67.5 (65)	0.121	4.4 X
HUAHO (C)	21855	99.95 (-)	0.061	5.7 X
HUAHO (C)	20958	88.938 (-)	0.270	3.8 X
HUAHO (Bull)	67785	78.2 (80)	0.108	8.2 X
HUAHO (Bull)	65772	73 (74.8)	0.163	5.4 X
HUAHO (Bear)	60524	109.8 (108)	0.194	4.6 X
HUAHO (Bear)	68546	101.8 (100)	0.123	7.2 X
XIAOMI (C)	24817	48.02 (-)	0.034	9.3 X
XIAOMI (C)	26499	44.02 (-)	0.078	7.8 X
XIAOMI (C)	25027	41.9 (-)	0.110	3.0 X
XIAOMI (C)	24819	37.12 (-)	0.076	4.2 X
XIAOMI (Bull)	55709	31.8 (32.2)	0.018	18.4 X
XIAOMI (Bull)	59209	30.6 (31)	0.032	10.4 X
XIAOMI (Bear)	68563	40.4 (40)	0.058	5.7 X
XIAOMI (Bear)	59190	38.4 (38)	0.042	7.9 X
ZIJIN (C)	26351	50.01 (-)	0.067	3.6 X
ZIJIN (C)	25525	46.1 (-)	0.064	3.9 X
ZIJIN (C)	22051	42 (-)	0.150	6.5 X
ZIJIN (Bull)	60105	31.4 (32)	0.028	12.2 X
ZIJIN (Bull)	54977	29.7 (30.3)	0.046	7.4 X
ZIJIN (Bear)	68968	46.6 (46)	0.114	3.0 X
ZIJIN (Bear)	56382	42.6 (42)	0.080	4.3 X
MTUAN (C)	23239	98.93 (-)	0.048	5.4 X
MTUAN (C)	26600	90.05 (-)	0.104	5.9 X
MTUAN (P)	24511	86.83 (-)	0.275	3.2 X
MTUAN (P)	21395	82.83 (-)	0.194	4.1 X
MTUAN (Bull)	60519	74 (76.5)	0.057	13.9 X
MTUAN (Bull)	62761	70 (72.5)	0.099	8.0 X
MTUAN (Bear)	63344	91.5 (89)	0.108	7.3 X
MTUAN (Bear)	64087	87.5 (85)	0.078	10.1 X
JDCOM (C)	26653	139.718 (-)	0.138	5.1 X
JDCOM (C)	22799	118.98 (-)	0.038	9.7 X
JDCOM (Bull)	55715	97.5 (100)	0.087	12.5 X
JDCOM (Bull)	54199	91.3 (93.8)	0.027	8.0 X
JDCOM (Bear)	54903	132.5 (130)	0.270	4.0 X
ALIBA (C)	23673	159.88 (-)	0.022	9.1 X
ALIBA (C)	26498	150.09 (-)	0.062	6.2 X
ALIBA (C)	26762	145.98 (-)	0.081	5.5 X
ALIBA (C)	26765	137.09 (-)	0.067	7.0 X
ALIBA (C)	29014	118.98 (-)	0.131	5.9 X
ALIBA (P)	20642	126.78 (-)	0.119	5.1 X
ALIBA (Bull)	53713	117 (118.5)	0.079	15.7 X
ALIBA (Bull)	53734	114 (115.5)	0.111	11.1 X
ALIBA (Bear)	68566	146.5 (145)	0.195	6.3 X
ALIBA (Bear)	60529	144 (142.5)	0.176	7.0 X
NTES (Bull)	67753	163.5 (166)	0.041	8.9 X
NTES (Bull)	54038	148.5 (150.5)	0.071	5.1 X
Nvidia (C)	11007	205 (-)	0.140	7.0 X
Nvidia (P)	11090	168 (-)	0.370	2.5 X
Nvidia (P)	10057	165 (-)	0.072	10.3 X