---
title: "港股马年首个交易日：恒科指跌超 2%，大模型和存储逆势大涨，智谱大涨近 43%，机器人概念股爆发"
description: "恒指跌 1.1% 报 26413 点，恒生科技指数跌 2.91%。百度跌超 6%，阿里巴巴跌近 5%。半导体股走弱，华虹半导体跌近 6%，中芯国际跌超 3%。大模型、存储概念股逆势走高，智谱涨近 43%，海致科技集团涨 28.42%，MINIMAX 涨逾 14%。春晚点燃机器人概念股，首程控股涨 11.9%，禾赛上涨 7.93%，速腾聚创涨 9.24%，越疆涨 21.4%，速优必选涨 4.71%。"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/276422440.md"
published_at: "2026-02-20T09:11:10.000Z"
---

# 港股马年首个交易日：恒科指跌超 2%，大模型和存储逆势大涨，智谱大涨近 43%，机器人概念股爆发

> 恒指跌 1.1% 报 26413 点，恒生科技指数跌 2.91%。百度跌超 6%，阿里巴巴跌近 5%。半导体股走弱，华虹半导体跌近 6%，中芯国际跌超 3%。大模型、存储概念股逆势走高，智谱涨近 43%，海致科技集团涨 28.42%，MINIMAX 涨逾 14%。春晚点燃机器人概念股，首程控股涨 11.9%，禾赛上涨 7.93%，速腾聚创涨 9.24%，越疆涨 21.4%，速优必选涨 4.71%。

On February 20, the first trading day of the Year of the Horse for Hong Kong stocks fell. By the close of the morning session, the Hang Seng Index was down 0.61%, at 26,544.12 points; the Hang Seng TECH Index dropped 2.28%, at 5,245.1 points. Among the Hang Seng Index constituents, Baidu fell 5.67%, JD Health dropped 5.03%, and Alibaba decreased by 3.75%. In terms of gains, PetroChina rose 4.58%, and Henderson Land increased by 3.49%. Among the Hang Seng TECH Index constituents, Kingdee International fell 5.47%, Bilibili dropped 5.12%, and Tencent Music decreased by 4.53%. Midea Group rose 1.31%, and SenseTime increased by 0.76%.

In terms of news, industry insiders analyzed that competition in takeout and red envelope businesses was fierce before and after the Spring Festival, leading investors to worry about the return on investment in artificial intelligence. It is expected that Hong Kong tech stocks will remain weak, and it is estimated that after Tencent and other companies announce their earnings in March, tech stocks will restart buybacks, and stock prices will gradually stabilize.

15:46

KNOWLEDGE ATLAS saw its gains expand to 37% at the close, with a total market capitalization exceeding HKD 300 billion.

14:30

Hong Kong stocks related to large models saw expanded gains, with KNOWLEDGE ATLAS soaring nearly 33%, HAIZHI TECH GP currently up 24%, and MINIMAX rising over 14%.

The robotics sector rose against the market trend. First Journey Holdings increased by over 11%, with three invested robotics companies appearing at the 2026 Year of the Horse Spring Festival Gala; SUTENG JUCHUANG rose over 9% in the morning session, with strong growth in its robotics business, achieving profitability for the first time in the fourth quarter; Hesai rose 6.7%, with two humanoid robots from Yushu Technology equipped with Hesai JT128 LiDAR at the Spring Festival Gala; Yujian rose 19%; and UBTECH increased by 6.9%.

Oil stocks led the gains. The situation in the Middle East may disrupt shipping in the Strait of Hormuz, with international oil prices reaching a six-month high. PetroChina rose 4.58%; CNOOC increased by 3.34%; and CNOOC Services rose 3.92%. COSCO Shipping Energy rose over 6% again, as tensions in Iran continue, and recent oil shipping rates remain high.

11:02

The robotics concept in Hong Kong stocks continued to rise, with Yujian up over 18%, SUTENG JUCHUANG rising 10%, and UBTECH increasing nearly 7%.

In terms of news, the 2026 CCTV Spring Festival Gala had the highest density of robot appearances, with robots becoming the undisputed "main cast," setting new highs in both the number of appearances and depth of participation. Four robotics companies, Yushu Technology, Magic Atom, Galaxy General, and Songyan Power, made appearances.

14:24

KNOWLEDGE ATLAS rose over 33%.

9:41

The three indices of Hong Kong stocks continued to decline in the morning session, with the Hang Seng TECH Index's decline expanding to 2%, and the Hang Seng Index down over 1%.

9:33

The Hang Seng TECH Index has widened its decline to 1%.

9:27

Hong Kong stocks related to AI applications are performing strongly, with HAIZHI TECH GP rising 15%, and MINIMAX and KNOWLEDGE ATLAS both up over 5%.

9:24

Lao Pu Gold has risen nearly 1%, and the company will adjust product prices on February 28

### Related Stocks

- [02513.HK - KNOWLEDGE ATLAS](https://longbridge.com/en/quote/02513.HK.md)
- [02706.HK - HAIZHI TECH GP](https://longbridge.com/en/quote/02706.HK.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
