---
title: "In the Hong Kong stock market, the Hang Seng Index closed down 292 points in the Year of the Horse, with the Tech Index dropping 2.9%. Robot stocks and AI large model newly listed stocks surged against the trend"
description: "After the Spring Festival holiday, the Hong Kong stock market reopened, with the Hang Seng Index opening down 48 points and ultimately closing down 292 points or 1.1%, at 26,413 points. The National I"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/276425279.md"
published_at: "2026-02-20T08:29:06.000Z"
---

# In the Hong Kong stock market, the Hang Seng Index closed down 292 points in the Year of the Horse, with the Tech Index dropping 2.9%. Robot stocks and AI large model newly listed stocks surged against the trend

> After the Spring Festival holiday, the Hong Kong stock market reopened, with the Hang Seng Index opening down 48 points and ultimately closing down 292 points or 1.1%, at 26,413 points. The National Index and the Hang Seng TECH Index fell by 110 points and 156 points, respectively, with a total turnover of HKD 165.373 billion. Oil stocks PetroChina and CNOOC rose by 3.7% and 2.2%, respectively. Robot concept stocks surged significantly due to performances at the CCTV Spring Festival Gala, with DOBOT and ROBOSENSE rising by 21.4% and 9.2%, respectively. AI large model semi-new stock HAIZHI TECH GP and KNOWLEDGE ATLAS surged by 20% and 43%, respectively. Other technology stocks generally declined

U.S. President Trump stated that a decision on whether to take military action against Iran will be made within ten days. The market is awaiting whether the U.S. Supreme Court will issue a ruling on the tariff case, with the Dow Jones Industrial Average falling 0.5% the previous night (19th). Hong Kong stocks resumed trading after the Spring Festival holiday, declining on the first trading day of the Year of the Horse. The Hang Seng Index opened down 48 points, and at one point dropped 348 points to a low of 26,356 points, before fluctuating at the low. It closed down 292 points or 1.1% at 26,413 points; the National Index fell 110 points or 1.2% to close at 8,959 points; the Hang Seng Tech Index dropped 156 points or 2.9% to close at 5,211 points. The total market turnover for the day was HKD 165.373 billion.

In the oil sector, PetroChina (00857.HK) and CNOOC (00883.HK) rose 3.7% and 2.2%, respectively, with CNOOC reaching a historical high of HKD 26.16 during the session, and PetroChina hitting a ten-year high of HKD 9.64. In the oil services sector, CNOOC Services (02883.HK) increased by 3.2%. In the energy transportation sector, COSCO Shipping Energy (01138.HK) surged 6.3%, and shipping stock Seaspan (01308.HK) also rose 6.3%.

The robot martial arts performance at the CCTV Spring Festival Gala became a hot topic, leading to a surge in robotics concept stocks, with DOBOT (02432.HK) and ROBOSENSE (02498.HK) rising 21.4% and 9.2%, respectively. UBTECH (09880.HK) and Minth Group (00425.HK) increased by 4.7% and 4%, while Sanhua Intelligent Control (02050.HK) and Hesai-W (02525.HK) rose 5.6% and 7.9%. The three major AI large model semi-new stocks surged, with HAIZHI TECH GP (02706.HK) and KNOWLEDGE ATLAS (02513.HK) jumping 20% and 43%, respectively, while MiniMax-WP (00100.HK) rose 14.5%. KNOWLEDGE ATLAS and MiniMax had trading volumes exceeding HKD 3.2 billion and HKD 3.5 billion, respectively.

Other technology stocks fell, with Alibaba-W (09988.HK) and Baidu-SW (09888.HK) dropping 4.9% and 6.3%, respectively. Tencent (00700.HK), Meituan-W (03690.HK), and JD.com-SW (09618.HK) fell between 1.6% and 2.1%. Kuaishou-W (01024.HK) and NetEase-S (09999.HK) declined by 2.8% and 4.3%, respectively. Additionally, China Literature (00772.HK) fell 8.2%, while JD Health (06618.HK), Tencent Music-SW (01698.HK), Bilibili-W (09626.HK), Kingdee (00268.HK), and VoiceAI (09678.HK) dropped between 5.3% and 6.3%. Semiconductor stocks SMIC (00981.HK) and Hua Hong (01347.HK) fell 3.1% and 5.8%, respectively In the automotive sector, BYD (01211.HK), Xiaomi-W (01810.HK), Li Auto-W (02015.HK), and XPeng-W (09868.HK) fell by 2.4% to 3.5%, while Seres (09927.HK) dropped by 4.7%. In the smart driving stocks, WeRide-W (00800.HK) and Pony.ai-W (02026.HK) decreased by 6.6% and 3.2%.

Consumer stocks were weak, with movie stocks such as Damai Entertainment (01060.HK) and Maoyan (01896.HK) declining by 5.3% and 3.7%, respectively. The duty-free store China Duty Free (01880.HK) fell by 5.4%, and travel platform Tongcheng (00780.HK) dropped by 2.9%. Retail stocks like Lao Pu Gold (06181.HK), Miniso (09896.HK), and Pop Mart (09992.HK) decreased by 2.3% to 2.8%.

In the financial sector, HSBC (00005.HK) rose by 0.1%, while Hong Kong Exchanges and Clearing (00388.HK) and AIA (01299.HK) fell by 0.2% and 0.1%. In other stocks, Henderson Land (00012.HK) and Sunac (01918.HK) increased by 3% and 4.1%, while China Railway (00390.HK) rose by 8.5%

### Related Stocks

- [02706.HK - HAIZHI TECH GP](https://longbridge.com/en/quote/02706.HK.md)
- [02498.HK - ROBOSENSE](https://longbridge.com/en/quote/02498.HK.md)
- [02432.HK - DOBOT](https://longbridge.com/en/quote/02432.HK.md)
- [02513.HK - KNOWLEDGE ATLAS](https://longbridge.com/en/quote/02513.HK.md)
- [00HSI.HK - Hang Seng Index](https://longbridge.com/en/quote/00HSI.HK.md)
- [STECH.HK - Hang Seng TECH Index](https://longbridge.com/en/quote/STECH.HK.md)

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