I. Market Overview
Hong Kong equities closed higher on Feb 10, with all three key indices advancing. The Hang Seng Index (HSI) rose 0.58% to 27,183.15, while the Hang Seng China Enterprises Index (HSCEI) gained 0.81% to 9,242.75. The broader Hang Seng Composite (HSCCI) added 0.27% to 4,407.29, and the Hang Seng Tech Index (HSTECH) increased 0.62% to 5,451.03. Market breadth leaned positive as AI-linked names, semiconductors, autos, and select healthcare rallied, offsetting weakness in some internet platform leaders.
Total market turnover was HKD 234.04 billion. Intraday media coverage highlighted strength in biotech and Chinese AI counters, alongside product updates from Kuaishou and pre-earnings optimism for Pop Mart, supporting sentiment despite mixed moves in large-cap internet stocks.
II. Sector Performance
Large-cap Tech Stocks
Performance was mixed: TENCENT -1.61%, MEITUAN -2.47% lagged, while BABA +1.65%, JD-SW +1.95%, XIAOMI +1.08%, KUAISHOU +1.59%, SMIC +1.71%, and BYD COMPANY +2.41% advanced.
Top Performing Sectors
- Publishing (+12.55%): Momentum in digital IP and content platforms aided strong gains.
- Distributors (+4.72%): Improved downstream demand and operating leverage supported performance.
- IT Consulting & Other Services (+4.08%): AI and digital transformation themes lifted service providers.
Bottom Performing Sectors
- Computer & Electronics Retail (-3.74%): Consumer electronics demand remained uneven.
- Cargo Ground Transportation (-3.44%): Logistics softness and pricing pressure weighed.
- Education Services (-2.16%): Education platforms underperformed amid sector-specific headwinds.
III. Top 10 Gainers in Hong Kong Market Today
| Stock Name | Ticker | Price (HKD) | Daily Change |
|---|---|---|---|
| XUNCE | 03317 | 70.00 | 15.61% |
| CHINA LIT | 00772 | 43.58 | 15.41% |
| KNOWLEDGE ATLAS | 02513 | 317.80 | 14.81% |
| VOBILE GROUP | 03738 | 5.23 | 14.44% |
| ILUVATAR COREX | 09903 | 192.20 | 12.40% |
| STAR SHINE HLDG | 01440 | 9.40 | 11.24% |
| GEEKPLUS-W | 02590 | 27.94 | 11.05% |
| BAO PHARMA-B | 02659 | 143.70 | 10.88% |
| EDGE MEDICAL-B | 02675 | 64.50 | 10.73% |
| OSHIDORI | 00622 | 1.16 | 10.48% |
IV. Top 10 Losers in Hong Kong Market Today
| Stock Name | Ticker | Price (HKD) | Daily Change |
|---|---|---|---|
| EAST BUY | 01797 | 29.20 | -9.49% |
| JST GROUP | 06687 | 20.60 | -9.25% |
| 51WORLD | 06651 | 66.65 | -8.70% |
| QINGSONG HEALTH | 02661 | 91.80 | -6.42% |
| ZHAOJIN MINING | 01818 | 32.60 | -5.83% |
| NOVOSENSE | 02676 | 136.10 | -5.09% |
| NUOBIKAN | 02635 | 531.50 | -5.09% |
| PATEO | 02889 | 267.40 | -4.91% |
| SF INTRA-CITY | 09699 | 14.24 | -4.69% |
| NEW ORIENTAL-S | 09901 | 46.66 | -4.39% |
V. Closing Summary
Index performance and drivers. The Hong Kong market extended gains as the HSI +0.58% to 27,183.15, HSCEI +0.81% to 9,242.75, and HSTECH +0.62% to 5,451.03. A supportive macro backdrop and stock-specific catalysts in AI, semiconductors, autos, and healthcare helped lift sentiment. Turnover at HKD 234.04 billion suggested healthy participation. Sector breadth improved, with outsized advances in Publishing and IT services contrasting modest declines across utilities and logistics-related groups.
Large-cap tech: mixed leadership. Internet majors were a drag—TENCENT -1.61% and MEITUAN -2.47%—even as the tech index rose. Offsetting strength came from BABA +1.65%, JD-SW +1.95%, XIAOMI +1.08%, KUAISHOU +1.59%, SMIC +1.71%, and BYD COMPANY +2.41%. Intraday media highlighted Kuaishou’s Kling AI 3.0 launch (major upgrades in multimodal AI video creation) and a broader rally in Chinese AI names, consistent with gains in AI application and infrastructure plays through the session.
Notable movers. On the upside, content and AI-related names surged: CHINA LIT +15.41%, KNOWLEDGE ATLAS +14.81%, VOBILE GROUP +14.44%, and ILUVATAR COREX +12.40%. Healthcare innovators also rallied: BAO PHARMA-B +10.88%, EDGE MEDICAL-B +10.73%. On the downside, education and logistics-led names weakened: EAST BUY -9.49%, 51WORLD -8.70%, SF INTRA-CITY -4.69%, alongside a pullback in ZHAOJIN MINING -5.83%, echoing pressure in precious metals-linked counters. These moves aligned with sector prints, where Education Services and Cargo Ground Transportation underperformed.
Sector and IPO developments. Media reports during the day flagged a strong tape for biotech (broader group up, with names like ImmuneOnco, Zai Lab, Innovent, and Wuxi Bio gaining), reinforcing defensive growth interest. AI-related momentum broadened, with Knowledge Atlas among top movers and Kuaishou’s product cycle supporting engagement narratives. Consumer IP brand Pop Mart climbed on pre-earnings optimism tied to user scale and global expansion. New-economy and recently listed W shares (e.g., GEEKPLUS-W) also participated, highlighting continued appetite for robotics and automation exposure.
Sources: Public market data, summarized media reports
Disclaimer: This content is for reference only and does not constitute investment advice.