--- title: "Hong Kong Stock Midday Review | Hang Seng Index down 0.41%, technology sector leads the decline, JunDa Holdings rises 8.27% against the trend" description: "As of noon, all three major indices of the Hong Kong stock market are down, with the Hang Seng Index falling by 0.41%, the Hang Seng Tech Index declining by 2.2%, and the National Enterprises Index we" type: "news" locale: "en" url: "https://longbridge.com/en/news/274753253.md" published_at: "2026-02-04T04:13:01.000Z" --- # Hong Kong Stock Midday Review | Hang Seng Index down 0.41%, technology sector leads the decline, JunDa Holdings rises 8.27% against the trend > As of noon, all three major indices of the Hong Kong stock market are down, with the Hang Seng Index falling by 0.41%, the Hang Seng Tech Index declining by 2.2%, and the National Enterprises Index weakening. Sectors such as internet content and information, retailers, and hardware storage are under collective pressure, with leading funds active but generally declining. Tencent Holdings fell by 3.36%, Xiaomi Group -W dropped by 2.60%, Alibaba -W decreased by 0.93%, and Meitu Inc. plummeted by 12.10%. Overall market sentiment is cautious, with technology and consumption under pressure, leading to a divergence in fund preferences. JunDa Co., Ltd. had high trading volume and rose by 8.27%, becoming a highlight of the market **Market Overview** ▪ As of noon, the Hang Seng Index reported 26,724.94 points, down 0.41%. ▪ The Hang Seng Tech Index closed at 5,347.3 points at noon, with a decline of 2.19%. ▪ The National Enterprises Index closed at 9,004.66 points at noon, down 0.54%. **Sector Performance** ▪ The internet content and information sector collectively declined, with core leader Tencent Holdings down 3.36%, with a trading volume of HKD 17.606 billion. The adjustment of WeChat's red envelope product raised market concerns about the tightening of compliance regulations affecting the WeChat social ecosystem, coupled with an overall decline in market risk appetite, leading to capital outflow from tech leaders. Kuaishou-W fell 2.38%, and Meitu Inc. plummeted 12.10%. ▪ The retail sector weakened across the board, with Alibaba-W down 0.93%, trading at HKD 5.556 billion, JD-SW down 1.46%, and Miniso down 1.59%, reflecting pressure on the consumer sector, lacking catalytic drivers, and a strong wait-and-see atmosphere among major funds. ▪ The hardware, storage, and peripherals sector faced general pressure, with Xiaomi Group-W down 2.60%, trading at HKD 2.820 billion, Lenovo Group down 2.40%, and Longqi Technology down 1.25%. The valuation pressure in the tech growth sector has been released, with significant capital outflow. **Macroeconomic Background** ▪ Recently, the Hong Kong stock market has focused on exchange rate stability, foreign trade performance, and consumer data driving economic recovery. Economic indicators show a moderate rebound in local demand, with manufacturing and employment steadily improving, but external pressures remain. Monetary and inflation levels continue to be a key focus for the market. Overall, funds are becoming more cautious, with structural opportunities and thematic rotation characteristics becoming evident. **Popular Stocks** ▪ Yanzhou Coal Mining Company (1171.HK) rose 8.89% by noon, with a trading volume of HKD 861 million. The company benefits 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 improving, significantly increasing short-term capital attention. ▪ Guofu Hydrogen Energy (2582.HK) rose 23.23% by noon, with a trading volume of HKD 355 million. There has been no significant news catalyst recently, but the hydrogen energy theme is active, attracting short-term capital. ▪ Sunac China (1918.HK) rose 7.02% by noon, with a trading volume of HKD 663 million. Some Hong Kong real estate stocks rose against the trend, showing significant volatility. ▪ China Eastern Airlines Corporation (670.HK) rose 7.24% by noon, with a trading volume of HKD 174 million, reaching a new high in recent years. Official expectations indicate that passenger flow during this year's Spring Festival travel will reach a new historical high, driving demand for civil aviation and leading to significant gains in the aviation sector. ▪ China Cosco Shipping Energy Transportation (1138.HK) rose 8.73% by noon, with a trading volume of HKD 296 million, as the Hong Kong shipping sector strengthened, with reports of the Red Sea shipping resuming, and institutions holding a positive attitude towards the company's profitability. **Market Trading Volume TOP10** ▪ Tencent Holdings (00700.HK) latest transaction price HKD 561.50, down 3.36%, transaction amount HKD 17.606 billion ▪ Alibaba -W (09988.HK) latest transaction price HKD 159.50, down 0.93%, transaction amount HKD 5.556 billion ▪ Xiaomi Group -W (01810.HK) latest transaction price HKD 33.70, down 2.60%, transaction amount HKD 2.820 billion ▪ SMIC (00981.HK) latest transaction price HKD 68.45, down 2.84%, transaction amount HKD 2.271 billion ▪ Meituan -W (03690.HK) latest transaction price HKD 91.15, down 2.20%, transaction amount HKD 2.124 billion ▪ Trip.com Group -S (09961.HK) latest transaction price HKD 455.20, down 6.11%, transaction amount HKD 1.805 billion ▪ Yangtze Optical Fibre and Cable (06869.HK) latest transaction price HKD 91.00, down 4.16%, transaction amount HKD 1.744 billion ▪ Zijin Mining (02899.HK) latest transaction price HKD 41.32, down 0.10%, transaction amount HKD 1.540 billion ▪ Pop Mart (09992.HK) latest transaction price HKD 228.00, down 1.55%, transaction amount HKD 1.364 billion ▪ Junda Co., Ltd. (02865.HK) latest transaction price HKD 49.48, up 8.27%, transaction amount HKD 1.291 billion ### Related Stocks - [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) - [09988.HK - BABA-W](https://longbridge.com/en/quote/09988.HK.md) - [09618.HK - JD-SW](https://longbridge.com/en/quote/09618.HK.md) - [09896.HK - MNSO](https://longbridge.com/en/quote/09896.HK.md) - [01810.HK - XIAOMI-W](https://longbridge.com/en/quote/01810.HK.md) - [00992.HK - LENOVO GROUP](https://longbridge.com/en/quote/00992.HK.md) - [09611.HK - LONGCHEER](https://longbridge.com/en/quote/09611.HK.md) - [01171.HK - YANKUANG ENERGY](https://longbridge.com/en/quote/01171.HK.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 中國賀歲片票房 57 億人幣跌四成 票價近年最低 貓眼研究院：三四線城市成主力軍 | 貓眼研究院發布報告顯示，2026 年春節檔中國電影總票房為 57.52 億元，較去年下降約 40%。觀影人次達 1.2 億，票價降至近年最低，三、四線城市票房佔比近 60%。票房冠軍為《飛馳人生 3》，票房超 29 億元。分析師指出，下沉市 | [Link](https://longbridge.com/en/news/276714239.md) | | 國盛證券維持對聯想集團（LNVGF）的買入評級 | 國盛證券重申了對聯想集團（LNVGF）的買入評級，目標價為 12.40 港元。這一評級緊隨 DBS 的 Jim Hin Kwong Au 於 2 月 16 日發佈的類似買入評級。相比之下，UOB Kay Hian 在 2 月 13 日對聯想 | [Link](https://longbridge.com/en/news/276565608.md) | | 上海龍旗科技在香港的 IPO 穩定期已結束 | 上海龍旗科技的香港 IPO 穩定期結束 | [Link](https://longbridge.com/en/news/276672349.md) | | 雷軍：未來五年小米將重點攻堅芯片、AI、操作系統等底層核心技術 | 小米集團董事長兼 CEO 雷軍在民營企業座談會上表示，未來五年小米將重點攻堅芯片、AI、操作系統等底層核心技術。他強調，民營經濟促進法的實施為企業提供了更好的營商環境，支持政策更加精準。雷軍指出，民營企業應與國家發展戰略同頻共振，專注於創新 | [Link](https://longbridge.com/en/news/276701602.md) | | 港股即市｜恒指跌 1.65%，科指跌 2.26% 領跌，智譜大漲 13.57%，長飛光纖逆勢走強 | 2 月 24 日港股盤中，三大指數集體走弱，恒生科技指數跌 2.26% 領跌大市。互聯網與零售板塊受壓下行，市場避險情緒升温，騰訊控股跌 3.16%，阿里巴巴跌 2.50%。通信設備板塊表現分化，長飛光纖光纜逆勢漲 3.84%。個股方面，智 | [Link](https://longbridge.com/en/news/276673919.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.