On February 4, 2025, the Hong Kong stock market closed with significant gains. The Hang Seng Index (HSI) rose by 2.83%, the Hang Seng China Enterprises Index (HSCEI) increased by 3.51%, the Hang Seng Tech Index (HSTECH) surged by 5.06%, and the Hang Seng China-Affiliated Corporations Index (HSCCI) rose by 1.03%.

In terms of sectors, the semiconductor sector saw a notable increase, with SMIC rising by 8.47% and HUA HONG SEMI surging by 12.66%. The automotive sector also performed well, with XPeng-W soaring by 12.40% and LI AUTO-W rising by 8.71%. The popular tech stocks sector saw gains, with XIAOMI-W up by 4.22% and MEITUAN-W increasing by 5.97%.

XPeng-W saw its stock price surge by over 12%, driven by a significant increase in January deliveries, which grew by 268% year-on-year, marking the third consecutive month of deliveries exceeding 30,000 units. Additionally, XPeng announced a strategic partnership with UAE dealer group Ali&Sons to enter the Middle East and Africa markets, further boosting investor confidence.

Pop Mart experienced a stock price increase of 11.39%, reaching a new high. Analysts are optimistic about the company's performance and growth potential, citing its leading position in the Chinese market and its overseas expansion efforts. The launch of the new brand "POPOP" into high-value-added areas has also attracted market attention.

SMIC continued its upward trend from the previous day, with its stock price reaching a new high of HKD 45.70 per share during the session. The company's strong performance in the semiconductor sector contributed to the overall market gains.

XIAOMI-W also hit a new high, with its stock price reaching HKD 40.10 per share, and its market capitalization briefly surpassing HKD 1 trillion. The company's strong performance was supported by positive market sentiment and increased consumer activity during the Chinese New Year period.