--- title: "Hong Kong stock market intraday | The Hang Seng Index and Technology Index are under pressure and adjusting, with the internet content sector experiencing a significant decline, and leading stock Kuaishou plummeting sharply" type: "News" locale: "en" url: "https://longbridge.com/en/news/274587723.md" description: "The three major indices of the Hong Kong stock market have pulled back from yesterday's highs, with the internet content and information sector leading the decline. Tencent Holdings and Kuaishou-W fell by 5.10% and 6.10%, respectively. The retail sector showed mixed performance, while the gold sector experienced fluctuations. Market differentiation has intensified, with a clear risk aversion sentiment among investors, and liquidity and macroeconomic data are receiving significant attention" datetime: "2026-02-03T02:33:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/274587723.md) - [en](https://longbridge.com/en/news/274587723.md) - [zh-HK](https://longbridge.com/zh-HK/news/274587723.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/274587723.md) | [繁體中文](https://longbridge.com/zh-HK/news/274587723.md) # Hong Kong stock market intraday | The Hang Seng Index and Technology Index are under pressure and adjusting, with the internet content sector experiencing a significant decline, and leading stock Kuaishou plummeting sharply **Market Overview** ▪ In the Hong Kong stock market, the three major indices adjusted after continuing yesterday's highs. As of now, the Hang Seng Index is at 26,709.63 points, down 0.25%. ▪ The Hang Seng Tech Index fell during the session, currently reported at 5,422.93 points, down 1.87%, with a weak short-term trend. ▪ The latest report for the China Enterprises Index is 9,025 points, down 0.61%, entering a phase of consolidation. **Sector Performance** ▪ The internet content and information sector saw a significant decline, with a clear overall adjustment. The risk-averse sentiment led to a general drop among leading stocks. Tencent Holdings fell 5.10%, with a trading volume of HKD 9.947 billion, Kuaishou-W dropped 6.10%, with a turnover of HKD 1.249 billion, and Baidu-SW fell 5.59%, reflecting the market's lack of short-term positive catalysts for the internet sector, with mainstream funds significantly flowing out and investors' risk appetite decreasing. ▪ The retail sector showed a mixed performance, with a dull trading atmosphere and varied individual stock performances. Alibaba-W fell 3.00%, with a turnover of HKD 4.272 billion, JD-SW dropped 1.00%, and Miniso saw a slight increase of 0.96%. Mainstream leaders are under pressure, while some niche leaders are favored by funds, indicating limited structural opportunities in the sector. ▪ The gold sector experienced increased volatility and a mixed trend. Zijin Mining rose 1.21%, with a trading volume of HKD 1.884 billion, Zijin Gold International increased 2.68%, while Shandong Gold slightly fell 0.41%. Fluctuations in gold prices led to frequent switching of funds within the gold sector, with significant divergence among mainstream funds, coexisting industry hedging and short-term trading. **Macroeconomic Background** ▪ Recently, the Hong Kong stock market has been affected by changes in the external environment and local macroeconomic data, with liquidity, retail, and trade performance becoming the focus of investors. Changes in foreign exchange reserves, unemployment rates, and GDP significantly impact market expectations and short-term volatility, leading to an overall cooling of risk appetite, with major market funds becoming cautious and a clear wait-and-see sentiment. **Popular Stocks** ▪ JunDa Holdings (2865.HK) rose 13.55% during the session, with a trading volume of HKD 709 million. Although there is no latest news, the significant price movement indicates concentrated short-term fund inflow and high speculative interest. ▪ Ark Health (6086.HK) rose 18.43% during the session, with a trading volume of HKD 234 million. The main force continues to push up the trend, with noticeable fund inflow, stimulating interest in the secondary market. ▪ XiXiangFeng Group (2473.HK) rose 12.46% during the session, with a trading volume of HKD 847 million, showing high stock price activity, indicating that short-term funds in the market still favor volatile targets. ▪ InnoCare Pharma (3696.HK) rose 10.37% during the session, with a trading volume of HKD 72.322 million. Fund chasing of themes stimulated continuous price increases. ▪ ALCO HOLDINGS (328.HK) rose 21.59% during the session, with a trading volume of HKD 3.9941 million, showing significant low-level movement, with intensified short-term speculative trading during the session **Market Trading Volume TOP10** ▪ Tencent Holdings (00700.HK) Latest trading price HKD 569.50, decline 4.85%, trading volume HKD 9.673 billion ▪ Alibaba -W (09988.HK) Latest trading price HKD 158.50, decline 2.94%, trading volume HKD 4.185 billion ▪ Zijin Mining (02899.HK) Latest trading price HKD 40.04, increase 1.21%, trading volume HKD 1.880 billion ▪ SMIC (00981.HK) Latest trading price HKD 70.95, decline 1.73%, trading volume HKD 1.385 billion ▪ Hua Hong Semiconductor (01347.HK) Latest trading price HKD 105.10, increase 1.64%, trading volume HKD 1.299 billion ▪ Ping An Insurance (02318.HK) Latest trading price HKD 71.60, increase 1.27%, trading volume HKD 1.212 billion ▪ Kuaishou -W (01024.HK) Latest trading price HKD 72.40, decline 5.97%, trading volume HKD 1.210 billion ▪ Yangtze Optical Fibre and Cable (06869.HK) Latest trading price HKD 82.50, decline 2.48%, trading volume HKD 1.182 billion ▪ AIA Group (01299.HK) Latest trading price HKD 89.65, increase 0.67%, trading volume HKD 998 million ▪ Xiaomi Group -W (01810.HK) Latest trading price HKD 34.74, decline 0.91%, trading volume HKD 969 million ### Related Stocks - [TENCENT (00700.HK)](https://longbridge.com/en/quote/00700.HK.md) - [KUAISHOU-W (01024.HK)](https://longbridge.com/en/quote/01024.HK.md) - [BIDU-SW (09888.HK)](https://longbridge.com/en/quote/09888.HK.md) - [BABA-W (09988.HK)](https://longbridge.com/en/quote/09988.HK.md) - [JD-SW (09618.HK)](https://longbridge.com/en/quote/09618.HK.md) - [MNSO (09896.HK)](https://longbridge.com/en/quote/09896.HK.md) - [ZIJIN MINING (02899.HK)](https://longbridge.com/en/quote/02899.HK.md) - [ZIJIN GOLD INTL (02259.HK)](https://longbridge.com/en/quote/02259.HK.md) - [SD GOLD (01787.HK)](https://longbridge.com/en/quote/01787.HK.md) - [DRINDA (02865.HK)](https://longbridge.com/en/quote/02865.HK.md) - [FANGZHOU JIANKE (06086.HK)](https://longbridge.com/en/quote/06086.HK.md) - [XXF (02473.HK)](https://longbridge.com/en/quote/02473.HK.md) - [INSILICO (03696.HK)](https://longbridge.com/en/quote/03696.HK.md) - [ISHARESHSTECH (03067.HK)](https://longbridge.com/en/quote/03067.HK.md) - [Tencent Holdings Limited (TCEHY.US)](https://longbridge.com/en/quote/TCEHY.US.md) - [Huatai-PB CSOP Hang Seng Technology ETF(QDII) (513130.CN)](https://longbridge.com/en/quote/513130.CN.md) - [Tianhong Hang Seng TECH ETF(QDII) (520920.CN)](https://longbridge.com/en/quote/520920.CN.md) - [HSTECH ETF (03032.HK)](https://longbridge.com/en/quote/03032.HK.md) - [CSOP HS TECH (03033.HK)](https://longbridge.com/en/quote/03033.HK.md) - [CAM HS TECH (03088.HK)](https://longbridge.com/en/quote/03088.HK.md) - [Hang Seng TECH ETF I (159742.CN)](https://longbridge.com/en/quote/159742.CN.md) - [Dacheng Hang Seng Technology ETF(QDII) (159740.CN)](https://longbridge.com/en/quote/159740.CN.md) - [GX HS TECH (02837.HK)](https://longbridge.com/en/quote/02837.HK.md) ## Related News & Research - [Pony AI Taps WeChat's Billion Users To Supercharge Robotaxi Bookings](https://longbridge.com/en/news/279027140.md) - [OpenClaw Founder Accuses Tencent of “Copying,” Company Responds Citing Support for the Ecosystem](https://longbridge.com/en/news/278848478.md) - [InSilico Out-licensed Drug ISM4808 Begins Clinical Trial](https://longbridge.com/en/news/278010381.md) - [Alibaba (BABA) Jumps into China's New 'AI Craze' with OpenClaw App](https://longbridge.com/en/news/278995470.md) - [MINISO files HKEX next-day disclosure return announcing share repurchase at HKD 32.99 per share](https://longbridge.com/en/news/279020913.md)