--- title: "Hong Kong Stock Market Update | The Hang Seng Index is weak, and the Technology Index has seen consecutive significant declines, with mainland internet companies under collective pressure" description: "In the Hong Kong stock market, the three major indices collectively weakened. The Hang Seng Index fell slightly by 0.26%, the Hang Seng TECH Index dropped by 1.87%, and the National Enterprises Index " type: "news" locale: "en" url: "https://longbridge.com/en/news/274745093.md" published_at: "2026-02-04T02:36:06.000Z" --- # Hong Kong Stock Market Update | The Hang Seng Index is weak, and the Technology Index has seen consecutive significant declines, with mainland internet companies under collective pressure > In the Hong Kong stock market, the three major indices collectively weakened. The Hang Seng Index fell slightly by 0.26%, the Hang Seng TECH Index dropped by 1.87%, and the National Enterprises Index decreased by 0.35%. There was significant sector differentiation, with the internet content and information sector rising slightly; leading company Tencent Holdings increased by 1.2%, and CHINA LIT rose against the trend, boosting the sector's atmosphere, with some funds flowing into leading tech stocks. The hardware, storage, and peripherals sectors performed steadily, with BYD ELECTRONIC rising by 2.1%. The energy and hydrogen energy sectors experienced significant fluctuations, with stocks like Yanzhou Coal Mining, Guofu Hydrogen Energy, and Longguang Group showing strength. The market exhibited clear structural opportunities and a preference for growth sectors, while remaining sensitive to macro liquidity and the RMB exchange rate, resulting in high short-term market volatility **Market Overview** ▪ In the Hong Kong stock market, the three major indices generally weakened. As of now, the Hang Seng Index is reported at 26,765.35 points, down 0.26%, under short-term pressure. ▪ The Hang Seng TECH Index is currently at 5,365.09 points, down 1.87% for the day, marking a continuous decline for 5 trading days. ▪ The National Enterprises Index is reported at 9,021.47 points, down 0.35%, showing a significant retreat from its recent high. **Sector Performance** ▪ The internet content and information sector continued to decline during the trading session, performing weakly in the overall market. Tencent Holdings fell 2.84%, with active trading and a transaction volume of HKD 9.236 billion. Yesterday, rumors suggested that online gaming revenue might face a VAT increase similar to telecommunications services, negatively impacting short-term market expectations and putting pressure on related companies' stock prices; Kuaishou fell 1.5%, and Meitu Inc. dropped nearly 10%. ▪ The hardware, storage, and peripherals sector also faced a grim outlook. Xiaomi Group fell 2.14%, with a transaction volume of HKD 1.788 billion. Lenovo Group declined 1.63%. ▪ Leading companies in the retail sector were similarly under pressure, with Alibaba down 1.74%, transaction volume at HKD 2.971 billion, and both JD Group and Miniso falling over 1%. **Macroeconomic Background** ▪ Recently, the Hong Kong stock market has focused on core indicators such as economic recovery, export recovery, and slowing M3 money supply growth. Capital flows and changes in the RMB exchange rate have become key points of interest for investors. The overall environment is guided by global risk sentiment and changes in domestic and external demand, with short-term market volatility significantly increasing, as funds balance between structural growth sectors and thematic opportunities. **Popular Stocks** ▪ Yanzhou Coal Mining Company (1171.HK) rose 9.07% during the session, with a transaction volume of HKD 647 million. The company benefited from the rise in commodity prices in the global mining market and active performance in the energy sector, with coal prices rebounding and market risk appetite increasing, leading to a significant rise in short-term fund interest. ▪ Guofu Hydrogen Energy (2582.HK) increased by 12.23% during the session, with a transaction volume of HKD 132 million. There have been no significant news catalysts recently, but the hydrogen energy theme is active, attracting short-term funds. ▪ Longguang Group (3380.HK) rose 17.04% during the session, with a transaction volume of HKD 24.998 million, as Hong Kong's real estate stocks collectively rose, showing significant volatility. ▪ Beijing Electromechanical Co., Ltd. (187.HK) increased by 9.95% during the session, with a transaction volume of HKD 145 million. Recent market sentiment rotation has driven individual stock movements, with no important news. ▪ COSCO Shipping Energy Transportation (1138.HK) rose 8.73% during the session, with a transaction volume of HKD 296 million, as the Hong Kong shipping sector strengthened, reportedly with Red Sea shipping restarting, and institutions holding a positive attitude towards the company's profitability. **Market Transaction Volume TOP10** ▪ Tencent Holdings (00700.HK) latest transaction price HKD 564.50, down 2.84%, transaction volume HKD 9.236 billion ▪ Alibaba -W (09988.HK) latest transaction price HKD 158.20, down 1.74%, transaction volume HKD 2.971 billion ▪ Xiaomi Group -W (01810.HK) latest transaction price HKD 33.86, down 2.14%, transaction amount HKD 1.788 billion ▪ SMIC (00981.HK) latest transaction price HKD 68.95, down 2.13%, transaction amount HKD 1.520 billion ▪ Yangtze Optical Fibre and Cable Joint Stock Limited Company (06869.HK) latest transaction price HKD 91.25, down 3.90%, transaction amount HKD 1.314 billion ▪ Zijin Mining Group (02899.HK) latest transaction price HKD 41.60, up 0.58%, transaction amount HKD 1.019 billion ▪ Meituan -W (03690.HK) latest transaction price HKD 91.55, down 1.77%, transaction amount HKD 1.008 billion ▪ AIA Group (01299.HK) latest transaction price HKD 90.15, up 0.78%, transaction amount HKD 967 million ▪ Trip.com Group -S (09961.HK) latest transaction price HKD 463.20, down 4.46%, transaction amount HKD 958 million ▪ BYD Company Limited (01211.HK) latest transaction price HKD 89.05, down 1.06%, transaction amount HKD 735 million ### Related Stocks - [00HSI.HK - Hang Seng Index](https://longbridge.com/en/quote/00HSI.HK.md) - [00772.HK - CHINA LIT](https://longbridge.com/en/quote/00772.HK.md) - [07300.HK - FI CSOP HSI](https://longbridge.com/en/quote/07300.HK.md) - [00285.HK - BYD ELECTRONIC](https://longbridge.com/en/quote/00285.HK.md) - [07200.HK - FL2 CSOP HSI](https://longbridge.com/en/quote/07200.HK.md) - [STECH.HK - Hang Seng TECH Index](https://longbridge.com/en/quote/STECH.HK.md) - [00700.HK - TENCENT](https://longbridge.com/en/quote/00700.HK.md) - [01024.HK - KUAISHOU-W](https://longbridge.com/en/quote/01024.HK.md) - [01357.HK - MEITU](https://longbridge.com/en/quote/01357.HK.md) - [01810.HK - XIAOMI-W](https://longbridge.com/en/quote/01810.HK.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 微信 2026 春节数据报告：跨境游火爆，马来西亚、马尔代夫线下交易金额同比大涨 131% 和 186% | 2 月 23 日，微信发布 2026 马年春节数据报告显示，“史上最长春节假期” 点燃消费热潮。春节期间，旅行、生活娱乐微信支付笔数同比均增长超 20%。跨境游火爆，马来西亚、马尔代夫线下交易金额同比分别大涨 131% 和 186%，马来西 | [Link](https://longbridge.com/en/news/276580518.md) | | 超 900 亿元，增量资金将入市 | 2 月 20 日，港股迎来马年首个交易日，增量资金超过 900 亿元，主要来自股票 ETF 和新成立的主动权益基金。科技成长方向成为重点配置领域，个人投资者持有国泰恒生生物科技 ETF 比例高达 95.84%。新成立的 7 只 ETF 资金 | [Link](https://longbridge.com/en/news/276556073.md) | | 腾讯控股有 3 宗大手成交 涉资 1.23 亿元 | 腾讯控股今日有 3 宗大手成交，涉及资金 1.23 亿元。成交价格在 517.0 至 518.0 元之间，总数量为 23.83 万股。具体成交情况如下：13:27:18 成交 87,200 股，金额 45,169,600 元；13:28:2 | [Link](https://longbridge.com/en/news/276688782.md) | | 香港立法会报告：香港家族办公室去年底达 3384 间 资产管理规模突破 35 万亿港元 | 香港立法会报告显示，截至 2025 年，香港家族办公室数量将达 3384 间，资产管理规模预计突破 35 万亿港元。研究指出，香港的资产及财富管理规模在 2024 年将达到 35.14 万亿港元，较 2017 年增长 45%。香港拥有 17 | [Link](https://longbridge.com/en/news/276595505.md) | | 国富氢能中标中国科学院合肥物质科学研究院等离子体物理研究所 80K 冷箱采购项目 | 国富氢能于 2026 年 2 月 13 日成功中标中国科学院合肥物质科学研究院等离子体物理研究所 80K 冷箱采购项目，金额为 320 万元。该项目聚焦于核聚变研究平台的低温系统，为设施稳定运行提供支持，符合中国第十五个五年规划。中标显示公 | [Link](https://longbridge.com/en/news/276602507.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.