Market Overview
On February 11, Hong Kong stocks closed with all three major indices in the green, indicating a slight recovery in market sentiment.
▪ The Hang Seng Index maintained a volatile trend throughout the day, closing up 0.31% at 27,266.38 points. Although it did not break through the late January high, it showed resilience in support below.
▪ The Hang Seng Tech Index performed the best, closing up 0.90% at 5,499.99 points, approaching the 5,500-point mark, just a step away from the late January peak.
▪ The China Enterprises Index rose moderately, closing up 0.28% at 9,268.18 points, overall showing a steady consolidation trend.
Sector Performance
▪ The hardware, storage, and peripherals sectors showed strong performance with noticeable capital inflow. Xiaomi Group-W (01810.HK) surged 4.272%, with a trading volume exceeding HKD 8.259 billion, mainly stimulated by the Ministry of Industry and Information Technology's announcement of new SUV model images, with strong expectations for new car releases; Lenovo Group (00992.HK) rose steadily by 0.856%, benefiting from the recovery of the PC market and expectations of increased AI PC penetration, with a strong technical outlook.
▪ The internet content and information sector saw mixed performance. Bilibili-W (09626.HK) stood out, rising 5.158%, driven by short covering and valuation recovery, leading the sector; Kuaishou-W (01024.HK) saw its stock price rise 0.710% against the trend due to exclusive interactive cooperation with CCTV's Spring Festival Gala; heavyweight Tencent Holdings (00700.HK) slightly fell by 0.54%, despite launching NBA interactive features, as it was still affected by previous declines, with capital speculation remaining intense.
▪ The retail sector showed a divergence in trends. Miniso (09896.HK) rose 1.84%, with the company's buyback demonstrating management confidence, supporting the stock price; e-commerce giants performed flat, with Alibaba-W (09988.HK) down 0.25% and JD.com-SW (09618.HK) down 0.18%, following the tech stock market correction, as the market focused on AI investment and consumer recovery data.
Macroeconomic Background
▪ As of February 11, 2026, the Hong Kong stock market is in a critical window period for macro data verification.
▪ Investors are highly focused on the upcoming retail sales data and comprehensive CPI to assess the resilience of local consumer recovery and inflationary pressures.
▪ At the same time, marginal changes in the unemployment rate and manufacturing PMI are also core indicators for measuring economic prosperity.
▪ Current market sentiment is extremely sensitive to signals of fundamental recovery, with capital maintaining a cautious wait-and-see approach, awaiting guidance from real economy data for new allocation directions.
Popular Stocks
▪ Lexin Outdoor (02720) surged 53.35%, with a trading volume of HKD 90.7833 million. As the &#34;first stock of fishing equipment,&#34; it was highly sought after on its listing day, with an intraday increase of up to 140%, showing market recognition for leaders in vertical niche sectors
▪ Elegant Optics (00907) rose 33.93%, with a transaction amount of HKD 4.2158 million. The stock price continues to fluctuate sharply, showing clear signs of capital speculation as a penny stock, lacking clear fundamental benefits, and there is a risk of profit-taking.
▪ Woan Robotics (06600) rose 13.82%, with a transaction amount of HKD 82.3469 million. As an AI embodied home robot target, the stock price reached a new high since its listing, with continuous capital inflow, enjoying a high valuation premium.
▪ Haobo International (08431) rose 16.13%, with a transaction amount of HKD 8.3808 million. After announcing the results of the rights issue and changes in the board of directors, the market holds an optimistic expectation for the new business layout, and the stock price continues its rebound momentum.
▪ Duoxiang Cloud (06696) rose 15.84%, with a transaction amount of HKD 12.0622 million. The stock price continues to rebound, with a &#34;golden cross&#34; appearing in the technical aspect attracting funds, and the market is digesting and impacting the stock.
Market Transaction Amount TOP10
▪ Tencent Holdings (00700.HK) latest transaction price HKD 548.0, down 0.54%, transaction amount HKD 12.992 billion
▪ Alibaba -W (09988.HK) latest transaction price HKD 160.1, down 0.25%, transaction amount HKD 8.312 billion
▪ Xiaomi Group -W (01810.HK) latest transaction price HKD 37.1, up 4.27%, transaction amount HKD 8.259 billion
▪ SMIC (00981.HK) latest transaction price HKD 70.0, down 2.17%, transaction amount HKD 6.11 billion
▪ Pop Mart (09992.HK) latest transaction price HKD 255.0, down 5.49%, transaction amount HKD 4.431 billion
▪ Zijin Mining (02899.HK) latest transaction price HKD 43.52, up 2.84%, transaction amount HKD 3.488 billion
▪ Meituan -W (03690.HK) latest transaction price HKD 88.85, up 0.06%, transaction amount HKD 3.353 billion
▪ Yangtze Optical Fibre and Cable (06869.HK) latest transaction price HKD 107.5, down 5.70%, transaction amount HKD 3.226 billion
▪ BYD Company (01211.HK) latest transaction price HKD 99.15, up 3.50%, transaction amount HKD 2.518 billion
▪ China Life (02628.HK) latest transaction price HKD 34.12, down 3.94%, transaction amount HKD 2.218 billion

On February 11th, the three major indices of the Hong Kong stock market closed higher collectively, with market sentiment warming up. The Hang Seng Tech Index led the gains, closing at 5499.99 points. In terms of sectors, hardware and automotive stocks performed strongly, with Xiaomi Group surging 4.27% on news of new vehicles, and Bilibili rising over 5% due to valuation recovery; the internet and retail sectors showed mixed performance, with Tencent and Alibaba experiencing slight pullbacks. Capital competition was intense, as the market awaited guidance from macro data such as retail sales and CPI

- On February 11, the Hong Kong stock market showed resilience, with major indices closing positively; the Hang Seng Index rose 0.31% to 27,266.38 points.  
- Notable performers included Xiaomi Group, up 4.27% driven by positive sentiment from new SUV announcements, while the Hang Seng Tech Index climbed 0.90%.  
- Investors are closely monitoring upcoming retail sales and CPI data to gauge the recovery of local consumption amidst cautious market sentiment.

Market Heartbeat

XIAOMI-W

LENOVO GROUP

BABA-W

BILIBILI-W

KUAISHOU-W

TENCENT

JD-SW

MNSO

RIDGE OUTDOOR

ELEGANCEOPTICAL

HAO BAI INTL

ONEROBOTICS

MANY IDEA CLOUD

SMIC

Hong Kong stocks closed | All three major indices rose, with the Hang Seng Tech Index up 0.90%, and Xiaomi Group rising over 4%