--- title: "Hong Kong Stock Market Closing | Hang Seng Index Slightly Up, Technology Index Declines Significantly, Guofu Hydrogen Energy Leads in Gains, Hotspots Concentrated in New Energy" description: "Today, the Hong Kong stock market closed with a mixed performance. The Hang Seng Index rose slightly, while the Technology Index saw a significant decline. Sectors such as internet and retail faced pr" type: "news" locale: "en" url: "https://longbridge.com/en/news/274777708.md" published_at: "2026-02-04T08:13:04.000Z" --- # Hong Kong Stock Market Closing | Hang Seng Index Slightly Up, Technology Index Declines Significantly, Guofu Hydrogen Energy Leads in Gains, Hotspots Concentrated in New Energy > Today, the Hong Kong stock market closed with a mixed performance. The Hang Seng Index rose slightly, while the Technology Index saw a significant decline. Sectors such as internet and retail faced pressure, with funds favoring new energy, hydrogen energy, and AI tracks. Trading activity was concentrated in emerging sectors. Core leaders Tencent Holdings and Alibaba experienced clear declines, and overall market sentiment remained cautious, with hotspots revolving around the rotation of individual stocks in emerging industries. Macro funds focused on manufacturing and trade balance impacts **Market Overview** ▪ The three major indices of the Hong Kong stock market showed a mixed performance today. ▪ The Hang Seng Index closed at 26,847.32 points, up 0.05%. ▪ The Hang Seng Tech Index closed at 5,366.44 points, down 1.84%, with a clear short-term setback. ▪ The China Enterprises Index closed at 9,048.38 points, down 0.05%. **Sector Performance** ▪ The internet content and information sector overall showed a downward trend today, with the core leader Tencent Holdings down 3.96%, with a transaction volume of HKD 34.031 billion. This was influenced by adjustments to the WeChat red envelope product, raising market concerns about the tightening of compliance regulations affecting the WeChat social ecosystem, compounded by yesterday's market rumors about potential adjustments to value-added tax in China, leading to capital outflows from tech leaders. Kuaishou-W ultimately fell 0.41%, Baidu-SW fell 2.97%, reflecting short-term capital outflows and rising market risk aversion. ▪ The retail sector weakened overall, lacking effective driving factors. Alibaba-W fell 0.93%, with a transaction volume of HKD 11.421 billion, JD-SW closed down 1.64%, and Miniso ultimately closed down 0.49%, indicating limited consumer momentum. ▪ The hardware, storage, and peripherals sector faced general pressure, lacking strong leading stocks within the sector, with a bland news backdrop and declining investor attention. Xiaomi Group-W fell 1.85%, with a transaction volume of HKD 6.153 billion, Lenovo Group fell 2.18%, and Longqi Technology fell 0.86%, with valuation pressure in the tech growth sector releasing and significant capital outflows. **Macroeconomic Background** ▪ Recently, the Hong Kong stock market has been significantly affected by fluctuations in macro data such as foreign exchange reserves, retail, and imports and exports. The trends of manufacturing PMI and CPI, as well as changes in the trade balance, have become the core focus for capital and investors. The overall external environment and local demand will determine the market sentiment in the short term, with cautious sentiment dominating. **Popular Stocks** ▪ Guofu Hydrogen Energy (2582.HK) rose 18.76%, with a transaction volume of HKD 500.1 million. Recently, the stock price surged after the Energy Bureau held a press conference, releasing favorable policies for China's renewable energy hydrogen production projects, attracting capital attention and boosting sector valuations, creating a significant hotspot. ▪ Chongshui Energy (2570.HK) rose 12.09%, with a transaction volume of HKD 291 million. The new energy sector continues to attract capital attention, with active short-term trading. ▪ Asia Connectivity Technology (679.HK) rose 45.63%, with a transaction volume of HKD 7.1134 million. Alibaba announced on February 2 that it would invest HKD 4.3 billion to promote AI applications during the Spring Festival, sparking an arms race among tech giants in the AI sector, leading to a significant short-term surge in this stock. ▪ Huayou Energy (1251.HK) rose 34.69%, with a transaction volume of HKD 6.4797 million. Influenced by the geopolitical tensions between the U.S. and Iran, sentiment in the oil and gas industry chain was boosted, driving expectations for company performance and significant short-term capital inflows **Market Trading Volume TOP10** ▪ Tencent Holdings (00700.HK) Latest trading price HKD 558.00, decline of 3.96%, trading volume HKD 34.031 billion ▪ Alibaba -W (09988.HK) Latest trading price HKD 159.50, decline of 0.93%, trading volume HKD 11.421 billion ▪ Xiaomi Group -W (01810.HK) Latest trading price HKD 33.96, decline of 1.85%, trading volume HKD 6.153 billion ▪ Meituan -W (03690.HK) Latest trading price HKD 92.15, decline of 1.13%, trading volume HKD 4.889 billion ▪ SMIC (00981.HK) Latest trading price HKD 68.75, decline of 2.41%, trading volume HKD 4.762 billion ▪ Trip.com Group -S (09961.HK) Latest trading price HKD 455.00, decline of 6.15%, trading volume HKD 3.601 billion ▪ Pop Mart (09992.HK) Latest trading price HKD 237.20, increase of 2.42%, trading volume HKD 3.304 billion ▪ Zijin Mining (02899.HK) Latest trading price HKD 41.64, increase of 0.68%, trading volume HKD 2.576 billion ▪ Yangtze Optical Fibre and Cable (06869.HK) Latest trading price HKD 92.60, decline of 2.47%, trading volume HKD 2.488 billion ▪ BYD Company (01211.HK) Latest trading price HKD 90.00, change of 0.00%, trading volume HKD 2.425 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) - [09888.HK - BIDU-SW](https://longbridge.com/en/quote/09888.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) - [02582.HK - GUOFUHEE](https://longbridge.com/en/quote/02582.HK.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Guofu Hydrogen Energy Equipment Wins Fusion Research Cold Box Project | Guofu Hydrogen Energy Equipment Wins Fusion Research Cold Box Project | [Link](https://longbridge.com/en/news/276677117.md) | | Jiangsu Guofu Hydrogen Energy files HKEX next-day disclosure return for 809,286 new H shares at HK$40.8687 each | Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd. has filed a next day disclosure return with HKEX, reporting the issuan | [Link](https://longbridge.com/en/news/277167882.md) | | China's Search Giant Baidu Struggles With Weak Ad Spending Despite AI Push | Baidu (BIDU) shares fell 4% after reporting Q4 results, with revenue declining 4% YoY to $4.682 billion, slightly above | [Link](https://longbridge.com/en/news/277056050.md) | | Shanghai Longcheer Technology's Hong Kong IPO Stabilization Period Ends | Shanghai Longcheer Technology's Hong Kong IPO Stabilization Period Ends | [Link](https://longbridge.com/en/news/276672349.md) | | Lenovo's Record Quarter Powers AI Ambition | Lenovo reported a record Q3 25/26 with an 18% revenue increase to USD 22.2bn, driven by a 72% rise in AI-related sales. | [Link](https://longbridge.com/en/news/276573140.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.