--- title: "Hong Kong Stock Midday Review | Hang Seng Tech Index rises 0.84%, AI logic helps Alibaba rise 1.46%, weight drags Meituan down 3.02%" type: "News" locale: "en" url: "https://longbridge.com/en/news/275400514.md" description: "On February 10th, the Hong Kong stock market's three major indices collectively closed higher, with the Hang Seng Technology Index leading the way with a 0.84% increase. On the market, the surge in AI applications and the rebound of Chinese concept stocks drove the retail sector up, with Alibaba rising 1.46% and JD.com increasing 2.32%. The restaurant sector weakened due to the drag from heavyweight stocks, with Meituan falling 3.02% and HAIDILAO dropping 3.0%. In terms of capital, the market is in a macro data vacuum period, focusing on liquidity games. In individual stocks, POP MART performed strongly with a 4.35% increase, while Tencent Holdings had the highest trading volume but slightly fell by 1.07%" datetime: "2026-02-10T04:16:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/275400514.md) - [en](https://longbridge.com/en/news/275400514.md) - [zh-HK](https://longbridge.com/zh-HK/news/275400514.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/275400514.md) | [繁體中文](https://longbridge.com/zh-HK/news/275400514.md) # Hong Kong Stock Midday Review | Hang Seng Tech Index rises 0.84%, AI logic helps Alibaba rise 1.46%, weight drags Meituan down 3.02% **Market Overview** Hong Kong Stock Market Mid-Review: On February 10, the three major indices of the Hong Kong stock market collectively closed higher at midday, with market sentiment showing some improvement compared to the previous period. ▪ The Hang Seng Index closed at 27,172.87 points, up 0.54%. Although it is still some distance from the previous high at the end of January, the willingness of bulls to support has strengthened. ▪ The Hang Seng Technology Index led the gains, rising 0.84% to 5,463.17 points, with technology heavyweight stocks performing actively, stabilizing the index. ▪ The Hang Seng China Enterprises Index rose 0.78% to 9,239.54 points, continuing its recent trend of consolidation. **Sector Performance** ▪ The retail sector showed an overall upward trend, driven by the rebound of Chinese concept stocks and AI logic, with the sector experiencing broad gains. Alibaba -W rose 1.46%, with industry analysis suggesting that AI profits are concentrating among the giants, and the market is optimistic about its long-term logic in cloud computing and AI commercialization; JD.com -SW rose 2.32%, and Miniso rose 2.4%, indicating a stabilization of market sentiment on the retail side and a resurgence of capital attention. ▪ The internet content and information sector showed a mixed performance, with the explosion of AI applications driving capital backflow. Baidu -SW rose 1.9%, benefiting from the resurgence of AI enthusiasm boosting confidence; Kuaishou -W rose 1.59%; Tencent Holdings fell 1.07%. Despite the company upgrading its Spring Festival "Yuanbao Distribution" red envelope strategy to enhance the stickiness of AI products, the stock price still recorded a slight decline at midday. ▪ The restaurant sector performed weakly, showing a downward trend, mainly dragged down by significant corrections in heavyweight stocks. Meituan -W fell 3.02%, and Haidilao fell 3.0%, with clear signs of capital outflow; Yum China rose 1.53% against the trend. **Macroeconomic Background** ▪ Currently, the macro data for the Hong Kong stock market in early February 2026 is in a release window, with the market focusing on changes in foreign exchange reserves and M3 money supply, paying attention to whether the funding situation continues to improve. Investors need to be cautious of fluctuations in stock games without new data guidance. **Popular Stocks** ▪ Global Printing (8448.HK) rose 59.18%, with a transaction volume of HKD 3.6965 million. The stock price experienced significant volatility, ranking high in gains, indicating short-term capital speculation. ▪ China Netcom (1920.HK) rose 17.81%, with a transaction volume of HKD 6.5900 million. The stock price recorded double-digit gains, with relatively active capital trading. ▪ Modern Chinese Medicine Group (1643.HK) rose 15.73%, with a transaction volume of HKD 4.4874 million. The stock price closed significantly higher at midday due to capital attention. ▪ WanKa YiLian (1762.HK) rose 13.08%, with a transaction volume of HKD 26.8862 million. The transaction volume exceeded ten million, indicating the inflow of main capital driving the stock price upward. ▪ Baoji Pharmaceutical -B (2659.HK) rose 10.34%, with a transaction volume of HKD 59.6582 million. Active trading and strong capital support pushed the stock price up over 10%. **Market Transaction Volume TOP10** ▪ Tencent Holdings (00700.HK) latest transaction price 554.0 HKD, decline 1.07%, transaction amount 7.09 billion ▪ Alibaba -W (09988.HK) latest transaction price 160.2 HKD, increase 1.46%, transaction amount 5.749 billion ▪ Meituan -W (03690.HK) latest transaction price 88.3 HKD, decline 3.02%, transaction amount 3.958 billion ▪ POP MART (09992.HK) latest transaction price 268.4 HKD, increase 4.35%, transaction amount 3.659 billion ▪ Yangtze Optical Fibre and Cable (06869.HK) latest transaction price 109.5 HKD, increase 4.58%, transaction amount 2.346 billion ▪ Xiaomi Group -W (01810.HK) latest transaction price 35.92 HKD, increase 2.05%, transaction amount 2.207 billion ▪ Ping An Insurance (02318.HK) latest transaction price 73.45 HKD, increase 0.62%, transaction amount 1.796 billion ▪ Kuaishou -W (01024.HK) latest transaction price 70.4 HKD, increase 1.59%, transaction amount 1.762 billion ▪ Zijin Mining (02899.HK) latest transaction price 42.04 HKD, increase 1.84%, transaction amount 1.54 billion ▪ SMIC (00981.HK) latest transaction price 70.7 HKD, increase 0.50%, transaction amount 1.487 billion ### Related Stocks - [JD-SW (09618.HK)](https://longbridge.com/en/quote/09618.HK.md) - [BABA-W (09988.HK)](https://longbridge.com/en/quote/09988.HK.md) - [MNSO (09896.HK)](https://longbridge.com/en/quote/09896.HK.md) - [BIDU-SW (09888.HK)](https://longbridge.com/en/quote/09888.HK.md) - [KUAISHOU-W (01024.HK)](https://longbridge.com/en/quote/01024.HK.md) - [MEITUAN-W (03690.HK)](https://longbridge.com/en/quote/03690.HK.md) - [HAIDILAO (06862.HK)](https://longbridge.com/en/quote/06862.HK.md) - [YUM CHINA (09987.HK)](https://longbridge.com/en/quote/09987.HK.md) - [UNI PRINTSHOP (08448.HK)](https://longbridge.com/en/quote/08448.HK.md) - [CHINA WACAN (01920.HK)](https://longbridge.com/en/quote/01920.HK.md) - [MODERN CHI MED (01643.HK)](https://longbridge.com/en/quote/01643.HK.md) - [WANKA ONLINE (01762.HK)](https://longbridge.com/en/quote/01762.HK.md) - [BAO PHARMA-B (02659.HK)](https://longbridge.com/en/quote/02659.HK.md) - [POP MART (09992.HK)](https://longbridge.com/en/quote/09992.HK.md) - [Hang Seng Index (00HSI.HK)](https://longbridge.com/en/quote/00HSI.HK.md) - [Hang Seng Composite Index (0HSCI.HK)](https://longbridge.com/en/quote/0HSCI.HK.md) - [CAM HS TECH (03088.HK)](https://longbridge.com/en/quote/03088.HK.md) - [Hang Seng TECH Index (STECH.HK)](https://longbridge.com/en/quote/STECH.HK.md) - [GX HS TECH (02837.HK)](https://longbridge.com/en/quote/02837.HK.md) - [GraniteShares 2x Long BABA Daily ETF (BABX.US)](https://longbridge.com/en/quote/BABX.US.md) - [KraneShares 2x Long BABA Daily ETF (KBAB.US)](https://longbridge.com/en/quote/KBAB.US.md) - [Tianhong Hang Seng TECH ETF(QDII) (520920.CN)](https://longbridge.com/en/quote/520920.CN.md) - [FI CSOP HSI (07300.HK)](https://longbridge.com/en/quote/07300.HK.md) - [KraneShares CSI China Internet ETF (KWEB.US)](https://longbridge.com/en/quote/KWEB.US.md) - [FL2 CSOP HSI (07200.HK)](https://longbridge.com/en/quote/07200.HK.md) - [Huatai-PB CSOP Hang Seng Technology ETF(QDII) (513130.CN)](https://longbridge.com/en/quote/513130.CN.md) - [Alibaba Group Holding Limited (BABA.US)](https://longbridge.com/en/quote/BABA.US.md) - [CSOP HS TECH (03033.HK)](https://longbridge.com/en/quote/03033.HK.md) - [TENCENT (00700.HK)](https://longbridge.com/en/quote/00700.HK.md) - [FI2 CSOP HSI (07500.HK)](https://longbridge.com/en/quote/07500.HK.md) ## Related News & Research - [Alibaba forms task force to boost AI development after Qwen chief's exit](https://longbridge.com/en/news/277877051.md) - [Head of Alibaba's Qwen AI division resigns](https://longbridge.com/en/news/277711975.md) - [Pop Mart’s Merodi Hong Kong debut highlights challenges of sustaining IP success](https://longbridge.com/en/news/277174373.md) - [Baidu, Inc. 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