Hong Kong Stock Market Closing: Hang Seng Index up 2.53%, Technology and Chip Stocks Strong Throughout the Day, Robotics and AI Concepts Retreat

2026-02-23 12:50:20

Gelonghui February 23 | Hong Kong stocks rebounded today, with the three major indices opening higher and rising collectively. By the close, the Hang Seng Index was up 2.53%, the Hang Seng China Enterprises Index rose 2.65%, and the Hang Seng Tech Index increased 3.34%.

Technology stocks broadly gained, with Meituan up over 5%, Alibaba and Xiaomi up over 3%, Tencent and JD.com up over 2%. Semiconductor and AI chip stocks strengthened, with InnoSage and Bairen Technology up over 9%, Huahong Semiconductor and SMIC up more than 4%. Optical communication concepts also gained. Longi Fiber Optic Cable rose 14%, Cambridge Technology increased over 5%.

Gold, resource stocks, and non-ferrous metal concepts strengthened, with Tongguan Gold rising over 12%, Ganfeng Lithium up over 8%, Zijin Gold International and Minmetals Resources up over 6%, Zijin Mining up over 5%.

Unmanned driving concept stocks surged, Zhejiang Shibao nearly 20%; auto stocks also rose, NIO-SW up over 5%, BYD shares up over 3%, Li Auto-W up over 4%.

AI large models and robotics sectors declined, with Zhipu dropping over 22%, Haizhi Technology Group down over 21%, MINIMAX-WP down over 13%, UBTECH down over 2%. Consumer stocks showed weakness, with duty-free leader China Duty Free Group falling over 8%, and Mixue Group down over 1%.

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