Hong Kong Stock Market Closing: Hang Seng Index drops 1.72%, technology and finance sectors are sluggish, gold sector plunges, southbound funds aggressively buy over 20 billion HKD against the trend

LootboxPhobia · 2026-02-14T03:27:40+00:00

As the Spring Festival approaches, affected by the sharp decline in U.S. stocks, the three major Hong Kong stock indices all fell across the board, with the Hang Seng Tech Index down 0.9% and the Hang Seng Index falling below 27,000 points. Large technology stocks and financial stocks dragged down the market, with southbound funds net buying over 20 billion HKD. AI concept stocks performed strongly, and semiconductor stocks rose against the trend.

LootboxPhobia

2026-02-14 03:27:40

Abstract generation in progress

Gelonghui February 13 | On the eve of the Spring Festival, influenced by the sharp decline of U.S. stocks overnight, the three major Hong Kong stock indices all declined today. The Hang Seng Tech Index narrowed its decline significantly in the afternoon, ultimately closing down 0.9%, after a intraday plunge of 1.8%. The Hang Seng Index and the China Enterprises Index experienced larger declines, falling 1.72% and 1.55% respectively. The Hang Seng Index once again fell below the 27,000-point mark and erased the previous rebound gains. Additionally, southbound funds had a massive net purchase of over 20 billion HKD.

Specifically, large-cap technology stocks and major financial stocks dragged the market lower throughout the day. Meituan fell over 3%, hitting a new low for the period and maintaining a market value close to 500 billion HKD. AIA, China Life, Agricultural Bank of China, Bank of China, and CITIC Construction Investment all declined. Geopolitical tensions eased, causing spot gold to plunge sharply in the late trading yesterday, with gold stocks falling significantly, led by Zijin Mining and China Gold International. Oil stocks, heavy machinery stocks, coal stocks, steel stocks, and Apple concept stocks also declined.

On the other hand, leading AI application concept stocks continued to soar. Zhipu GLM-5 open source sparked a programming revolution! Zhipu reached a new high, with a total market value surpassing 210 billion HKD. Semiconductor stocks rose against the trend, and previously declining film and television stocks showed signs of recovery. (Gelonghui)

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