--- title: "\"Hong Kong Stocks\" Hang Seng Index fell 242 points in the half-day, with technology investment stocks leading the decline, while domestic property and WuXi AppTec stocks performed well" type: "News" locale: "en" url: "https://longbridge.com/en/news/275699982.md" description: "The Hong Kong stock market was under pressure in the morning session, with the Hang Seng Index down 242 points, closing at 27,023 points. The National Index fell by 89 points, and the Hang Seng Tech Index dropped by 92 points. Technology stocks generally declined, with Trip.com, Meituan, and NetEase experiencing significant losses. SenseTime rose 5.2% against the trend. Market expectations for a Federal Reserve rate cut have cooled, leading to a slight decline of 66 points in the Dow Jones Industrial Average" datetime: "2026-02-12T04:27:24.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/275699982.md) - [en](https://longbridge.com/en/news/275699982.md) - [zh-HK](https://longbridge.com/zh-HK/news/275699982.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/275699982.md) | [繁體中文](https://longbridge.com/zh-HK/news/275699982.md) # "Hong Kong Stocks" Hang Seng Index fell 242 points in the half-day, with technology investment stocks leading the decline, while domestic property and WuXi AppTec stocks performed well U.S. non-farm payroll data for January far exceeded expectations, with the unemployment rate unexpectedly dropping to 4.3%. Market expectations for a rate cut by the Federal Reserve have cooled, and the Dow Jones Industrial Average closed down 66 points or 0.13% on Wednesday (11th). Hong Kong stocks were under pressure in the morning session, with the Hang Seng Index opening down 55 points, briefly falling below the 27,000 mark, and hitting a low of 26,977 points, down 289 points at one point. It closed at 27,023 points, down 242 points or 0.9%; the National Index fell 89 points or nearly 1%, closing at 9,178 points; the Hang Seng Tech Index dropped 92 points or 1.7%, closing at 5,407 points. The Beijing Municipal Market Supervision Administration interviewed 12 third-party online train ticket sales platforms, including Trip.com (09961.HK), Tongcheng (00780.HK), Meituan (03690.HK), and JD.com (09618.HK). Trip.com fell 4.3% in the morning session, Meituan also dropped 4.2%, while Tongcheng and JD.com fell 1.6% and 1.4%, respectively. In other tech stocks, NetEase (09999.HK) reported net profit and non-GAAP net profit for the last quarter both fell short of expectations, with its stock price dropping 3.8% in the morning session. Alibaba (09988.HK) continues to invest in Taobao Flash Sale, not worrying about losses for three years, but its stock price fell 2.1% to close at HKD 156.7. Tencent (00700.HK) fell 2.6%. Baidu (09888.HK) dropped 3.5%, and Bilibili (09626.HK) fell 3.6%. Kuaishou (01024.HK) and (00992.HK) fell 2.3% and 1.9%, respectively. In contrast, SenseTime (00020.HK) rose 5.2%. Zhizhu (02513.HK) released its next-generation flagship model GLM-5, and the overall increase in the GLM Coding Plan package is at least 30%. Its stock price surged 24.8% to close at HKD 390, with a transaction volume of HKD 1.42 billion. Xiaomi (01810.HK) launched its first-generation robot VLA large model, but its stock price fell 0.9%. It is reported that WeRide (00800.HK) plans to launch global autonomous taxis by the end of the year, with its stock price dropping 4.6%. The State Administration for Market Regulation issued guidelines to regulate promotional and pricing behaviors in the automotive industry, with Li Auto (02015.HK) and Geely (00175.HK) falling 0.9% and 0.6%, respectively. BYD (01211.HK) remained flat at HKD 99.15 at noon. Dongfeng (00489.HK) has met all "prerequisites" for the privatization and spin-off listing of Voyah, with its stock price rising 2.4%. Nio (09866.HK) rose 0.2%. Vanke (02202.HK) rose over 5.2%, as it was reported that the Shenzhen municipal government is planning an 80 billion RMB rescue plan. Other domestic property stocks such as Xinyuan China (03301.HK) rose 3.7%, Country Garden (02007.HK) rose 1.8%, and Longfor (00960.HK) rose 0.6%. In the financial sector, HSBC (00005.HK) fell 0.6%, Hong Kong Exchanges and Clearing (00388.HK) fell 1.6%, and AIA (01299.HK) fell 1.3%. WuXi AppTec (02359.HK) rose nearly 4% in the morning session, making it the best-performing blue-chip stock. Nomura expects its revenue this year to exceed market expectations, raising the target price to HKD 157.07. Its affiliate WuXi Biologics (02269.HK) also rose 3.7%, with Nomura raising its target price to HKD 50.54, indicating that its preliminary annual performance exceeds expectations In terms of performance, Budweiser APAC (01876.HK) fell nearly 5% in the half-day session, making it the worst-performing blue-chip stock; the company's net profit last year was USD 489 million, down 32.6%, with a final dividend maintained at 5.66 cents. Manulife (00945.HK) reported a 3% increase in core earnings to CAD 7.5 billion last year, with a dividend of CAD 0.485, and its stock price fell 0.5% in the half-day session. NetEase Music (09899.HK) saw a 76% year-on-year increase in net profit for the full year, but UBS indicated that the company's core music revenue is slowing, leading to a 11.9% drop in its stock price for the day. It is reported that Apple's (AAPL.US) Siri upgrade plan has encountered further setbacks, causing Sunny Optical (02382.HK) to drop 3.2%. Q Technology (01478.HK) also fell 2.6%, despite a 19.5% year-on-year increase in smartphone camera module sales in January. 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