On February 9, the Hong Kong Hang Seng Index opened 1.59% higher, while the Hang Seng Tech Index rose by 1.9%.

Technology and internet stocks rebounded collectively. Huahong Semiconductor gained over 4%, Baidu, XPeng Motors, and Bilibili each rose more than 3%, while SMIC, Alibaba, JD.com, and SenseTime all advanced over 2%.

The semiconductor sector also saw a rebound. Montage Technology jumped 57% on its first trading day, and GigaDevice and NanoSemi each climbed more than 4%.

Non-ferrous metal stocks recovered as well, with China Silver Group, CGN Mining, Zijin Mining International, and International Gold Group all increasing over 4%.