Hong Kong Stocks Closing: Hang Seng Index up 0.58% to stay above 27,000, Seedance 2.0 sparks AI application stocks, Zhipu hits a new high!

LootboxPhobia · 2026-02-10T16:08:53+00:00

Gelonghui February 10 | Hong Kong stocks' three major indices initially surged then pulled back, narrowing gains, and maintained steady fluctuations in the afternoon. By the close, the Hang Seng Index rose 0.58%, further stabilizing above 27,000 points, with the State-owned Enterprise Index and Hang Seng Tech Index up 0.81% and 0.62%, respectively.Specifically, in the market, U.S. tech stocks rebounded further after a sharp decline driven by artificial intelligence, leading to continued recovery in Hong Kong tech stocks, with Alibaba and JD.com rising about 2%, and NetEase, Xiaomi, and Baidu all gaining; Seedance 2.0 ignited an AI video revolution, with China Literature Group soaring over 15%, and Zhizhu reaching a new all-time high during trading! Fubo Group, Yidu Technology, Chuangmeng Tiandi, and others also rose; during the 2026 Spring Festival period, initial lineups appeared, with four movies scheduled, and entertainment stocks remained active throughout the day; institutions are optimistic about the strong fundamentals of leading innovative drug industry chain companies, with biopharmaceutical stocks rallying across the board, led by Fuhong Hanlin; new consumption

LootboxPhobia

2026-02-10 16:08:53

Gelonghui February 10 | The three major Hong Kong stock indices initially rose then fell back, with narrowing gains, and maintained a stable oscillation in the afternoon. By the close, the Hang Seng Index rose 0.58%, further stabilizing above 27,000 points, with the State-owned Enterprise Index and Hang Seng Tech Index up 0.81% and 0.62%, respectively.

Specifically, in the market, U.S. tech stocks rebounded further after a sharp decline driven by artificial intelligence, leading Hong Kong tech stocks to continue recovering, with Alibaba and JD.com up about 2%, NetEase, Xiaomi, and Baidu all rising; Seedance 2.0 ignited the AI video revolution, with China Literature Group surging over 15%, and Zhipu reaching a new all-time high during trading! Fubo Group, Yidu Technology, Chuangmeng TianDi, and others rose across the board; during the 2026 Spring Festival period, the lineup began to take shape, with four movies scheduled, and entertainment stocks remained active throughout the day; institutions are optimistic about the strong fundamentals of leading innovative drug industry chain companies, with biopharmaceutical stocks strengthening across the board, led by Fuhong Hanlin; new consumer concept stocks, paper stocks, home appliance stocks, shipping stocks, and auto stocks mostly rose.

On the other hand, the education sector declined significantly, and the previously strong gaming stocks collectively fell back, with nationwide listed real estate companies reporting pre-losses exceeding 200 billion yuan! The property sector generally declined, and gas, electricity, and telecommunications stocks remained weak. (Gelonghui)

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