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 (-)	0.081	9.7 X
TENCT (C)	14958	622.72 (-)	0.028	9.9 X
TENCT (C)	23539	610 (-)	0.045	7.8 X
TENCT (C)	14652	600.5 (-)	0.052	7.4 X
TENCT (P)	21910	499.8 (-)	0.194	8.2 X
TENCT (P)	26063	466.46 (-)	0.142	7.8 X
TENCT (Bull)	58888	507 (510)	0.070	15.4 X
TENCT (Bull)	58279	502 (505)	0.081	13.3 X
TENCT (Bear)	58912	576 (573)	0.065	16.6 X
TENCT (Bear)	59351	563 (560)	0.044	24.5 X
SMIC (C)	22875	88.05 (-)	0.073	5.9 X
SMIC (C)	20303	80.05 (-)	0.097	5.8 X
SMIC (C)	20302	73.85 (-)	0.099	6.9 X
SMIC (P)	21413	68.83 (-)	0.117	4.7 X
SMIC (P)	21412	62.76 (-)	0.079	4.9 X
SMIC (Bull)	59844	66.2 (66.8)	0.056	12.7 X
SMIC (Bull)	62511	64.2 (64.8)	0.075	9.5 X
SMIC (Bear)	59399	80.6 (80)	0.081	8.8 X
SMIC (Bear)	56080	77.1 (76.5)	0.052	13.7 X
KUASO (C)	17589	88.93 (-)	0.076	5.4 X
KUASO (C)	22186	75.93 (-)	0.103	3.5 X
KUASO (P)	24512	69.95 (-)	0.175	3.5 X
KUASO (P)	18456	49.83 (-)	0.083	2.9 X
KUASO (Bull)	61319	60 (62.5)	0.089	7.7 X
KUASO (Bull)	55800	58 (60.5)	0.109	6.3 X
KUASO (Bear)	56047	85.5 (83)	0.151	4.5 X
KUASO (Bear)	59344	79.5 (77)	0.100	6.9 X
HUAHO (C)	22238	118.65 (-)	0.107	3.9 X
HUAHO (C)	21855	99.95 (-)	0.138	4.0 X
HUAHO (Bull)	57723	88.2 (90)	0.114	8.6 X
HUAHO (Bull)	67785	78.2 (80)	0.217	4.5 X
HUAHO (Bear)	57793	126.8 (125)	0.255	3.9 X
HUAHO (Bear)	56136	117.8 (116)	0.176	5.6 X
SDGLD (C)	25520	62 (-)	0.105	3.1 X
SDGLD (C)	22346	50.05 (-)	0.222	2.2 X
XIAOMI (C)	24451	45.02 (-)	0.072	9.6 X
XIAOMI (C)	25027	41.9 (-)	0.142	2.9 X
XIAOMI (C)	24819	37.12 (-)	0.111	3.8 X
XIAOMI (P)	16080	38.53 (-)	0.086	4.5 X
XIAOMI (Bull)	59357	33.8 (34.2)	0.030	12.2 X
XIAOMI (Bull)	58945	33.2 (33.6)	0.037	9.9 X
XIAOMI (Bear)	68563	40.4 (40)	0.034	10.8 X
XIAOMI (Bear)	59190	38.4 (38)	0.019	19.2 X
ZHJIN (C)	24303	47.5 (-)	0.133	5.5 X
ZIJIN (C)	25525	46.1 (-)	0.180	3.0 X
ZIJIN (C)	22051	42 (-)	0.710	4.1 X
ZIJIN (Bull)	59845	38.4 (39.5)	0.069	6.5 X
ZIJIN (Bull)	67718	35.9 (36.5)	0.093	4.8 X
ZIJIN (Bear)	68545	54.6 (54)	0.099	4.5 X
ZIJIN (Bear)	62038	50.6 (50)	0.055	8.2 X
MTUAN (C)	23148	123.79 (-)	0.024	8.2 X
MTUAN (C)	25799	106.1 (-)	0.081	6.1 X
MTUAN (C)	23239	98.93 (-)	0.078	4.6 X
MTUAN (P)	24511	86.83 (-)	0.229	3.3 X
MTUAN (P)	21395	82.83 (-)	0.152	4.4 X
MTUAN (Bull)	58337	74.5 (77)	0.117	7.3 X
MTUAN (Bull)	54124	73 (75.5)	0.027	6.3 X
MTUAN (Bear)	62763	94.5 (92)	0.085	10.0 X
MTUAN (Bear)	63344	91.5 (89)	0.061	13.9 X
JDCOM (C)	21888	154.98 (-)	0.022	7.3 X
JDCOM (C)	22799	118.98 (-)	0.056	7.3 X
JDCOM (Bull)	66720	97.5 (100)	0.020	10.8 X
JDCOM (Bull)	54871	93.5 (96)	0.028	7.7 X
JDCOM (Bear)	54903	132.5 (130)	0.250	4.3 X
ALIBA (C)	15286	190.1 (-)	0.050	7.4 X
ALIBA (C)	24949	185.1 (-)	0.089	5.7 X
ALIBA (C)	22451	173.43 (-)	0.041	10.0 X
ALIBA (C)	23673	159.88 (-)	0.121	6.1 X
ALIBA (P)	21859	144.9 (-)	0.111	5.0 X
ALIBA (P)	20801	134.9 (-)	0.036	9.1 X
ALIBA (Bull)	55174	145 (146.5)	0.079	19.3 X
ALIBA (Bull)	69577	140 (141.5)	0.133	11.4 X
ALIBA (Bear)	56045	171.5 (170)	0.034	9.0 X
ALIBA (Bear)	58397	166.5 (165)	0.025	12.2 X
NTES (Bull)	65740	173.5 (176)	0.020	18.2 X
NTES (Bull)	67753	163.5 (166)	0.041	8.9 X
Nvidia (C)	10055	230 (-)	0.054	10.1 X
Nvidia (C)	11007	205 (-)	0.280	5.0 X
Nvidia (P)	10057	165 (-)	0.098	7.0 X