I. Market Overview
Hong Kong equities ended lower, with weakness concentrated in resources, financials and internet platforms. The Hang Seng Index (HSI) fell 1.72% to 26,567.12, the Hang Seng China Enterprises Index (HSCEI) declined 1.55% to 9,032.71, and the Hang Seng Tech Index (HSTECH) slipped 0.90% to 5,360.42. Turnover totaled HKD 257.58 billion, suggesting cautious risk appetite amid global tech volatility and pressure across commodities. Notably, precious metals, base metals and energy-linked groups led declines, while a handful of AI/semiconductor names and hardware plays outperformed.
Intraday, the market tracked overnight weakness in global tech and commodities, with heavy selling in diversified metals & mining (-7.08%), copper (-6.10%) and gold (-5.73%). By contrast, selected healthcare equipment and machinery pockets gained, and semiconductor headlines highlighted buying interest in chip-related counters.
II. Sector Performance
Large-cap Tech Stocks
Performance was mixed: Lenovo Group +2.89% (HKD 9.26), Xiaomi +0.88% (HKD 36.84), SMIC +0.79% (HKD 70.35) and JD Health +0.50% (HKD 60.30) rose, while platforms lagged with Meituan -3.18% (HKD 82.15), Baidu -3.07% (HKD 135.80), Alibaba -2.02% (HKD 155.40), JD.com -1.85% (HKD 106.40) and Tencent -0.65% (HKD 532.00); TME underperformed at -9.23% (HKD 59.00).
Top Performing Sectors
Forest Products: +3.56%, bucking the broader pullback.
Health Care Equipment: +3.38%, supported by defensive positioning.
Agricultural & Farm Machinery: +3.03%, aided by rotation into industrial pockets.
Bottom Performing Sectors
Diversified Metals & Mining: -7.08%, leading downside on commodity weakness.
Copper: -6.10%, as base metals sold off broadly.
Gold: -5.73%, reversing despite prior global strength headlines.
III. Top 10 Gainers in Hong Kong Market Today
Stock Name | Ticker | Price (HKD) | Daily Change |
|---|---|---|---|
HAIZHI TECH GP | 02706 | 92.60 | 242.20% |
KNOWLEDGE ATLAS | 02513 | 485.00 | 20.65% |
AFFLUENT FDN | 01757 | 9.87 | 18.63% |
AXERA | 00600 | 28.26 | 17.16% |
ZHIHUI MINING | 02546 | 18.69 | 16.09% |
MINIMAX-WP | 00100 | 680.00 | 15.65% |
ILUVATAR COREX | 09903 | 268.60 | 14.59% |
BAO PHARMA-B | 02659 | 166.50 | 11.90% |
MEDBOT-B | 02252 | 29.00 | 11.71% |
GON TECHNOLOGY | 02768 | 51.55 | 9.59% |
Filter: Market cap > USD 1B
IV. Top 10 Losers in Hong Kong Market Today
Stock Name | Ticker | Price (HKD) | Daily Change |
|---|---|---|---|
MONGOL MINING | 00975 | 11.75 | -17.66% |
ONEROBOTICS | 06600 | 170.20 | -13.69% |
FIT HON TENG | 06088 | 5.51 | -12.40% |
BANK OF E ASIA | 00023 | 14.14 | -11.13% |
JIAXIN INTL RES | 03858 | 86.30 | -10.85% |
TME-SW | 01698 | 59.00 | -9.23% |
DRINDA | 02865 | 36.76 | -8.96% |
YOFC | 06869 | 110.30 | -8.46% |
CHINFMINING | 01258 | 14.42 | -8.39% |
LYGEND RESOURCE | 02245 | 27.34 | -8.38% |
Filter: Market cap > USD 1B
V. Closing Summary
1. The Hong Kong market retreated as global risk-off sentiment weighed on cyclicals and platforms. By the close, the HSI -1.72%, HSCEI -1.55% and HSTECH -0.90% indicated broad selling but a relatively smaller pullback in tech. Turnover of HKD 257.58 billion was solid, consistent with active de-risking. Sector breadth skewed negative, with commodities, insurance and real estate services among the hardest hit, while select defensives and niche industrials posted gains.
2. Large-cap tech traded divergently. Hardware and chip names—Lenovo (+2.89%), Xiaomi (+0.88%), SMIC (+0.79%)—outperformed, aided by resilient AI-hardware sentiment and intraday interest in semiconductors. Internet platforms lagged: Meituan (-3.18%), Baidu (-3.07%), Alibaba (-2.02%), JD.com (-1.85%), with TME (-9.23%) notably weak. This divergence aligns with intraday media focus on chip strength and ongoing global scrutiny of mega-cap AI capex and platform monetization.
3. Beyond megacaps, leadership clustered in AI-adjacent and healthcare innovation: HAIZHI TECH GP (+242.20%), KNOWLEDGE ATLAS (+20.65%), AXERA (+17.16%), ILUVATAR COREX (+14.59%), and MEDBOT-B (+11.71%) appeared in top gainers. On the downside, resource and cyclically sensitive counters fell sharply: Mongol Mining (-17.66%) led losses as metals and mining sectors sold off; Fit Hon Teng (-12.40%) and Bank of East Asia (-11.13%) also weighed. The day’s style bias favored innovation and select defensives over commodities and financials.
4. In the news flow, intraday coverage highlighted Hong Kong semiconductor strength (Axera, Iluvatar and peers advancing), while broader global headlines around Big Tech AI spending and overseas tech volatility kept sentiment cautious for platforms. Company-specific updates—such as Alibaba promoting its Qwen AI app and ecosystem engagement during Lunar New Year—provided a supportive backdrop for longer-term AI narratives even as shares pulled back today. Overall, sector rotation favored healthcare equipment and machinery, with resources and metals at the bottom; new listings and AI-enabled plays continued to attract trading attention.
Sources: Public market data, summarized media reports
Disclaimer: This content is for reference only and does not constitute investment advice.