---
title: "\"Hong Kong Stocks\" The Hang Seng Index opened high at 385 points, with technology, export, and resource stocks rising, while AI model stocks retraced"
description: "The Hong Kong stock market opened higher in the morning, with the Hang Seng Index rising 385 points to 26,798 points, and the National Index and Hang Seng TECH Index increasing by 131 points and 92 po"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/276553716.md"
published_at: "2026-02-23T01:34:42.000Z"
---

# "Hong Kong Stocks" The Hang Seng Index opened high at 385 points, with technology, export, and resource stocks rising, while AI model stocks retraced

> The Hong Kong stock market opened higher in the morning, with the Hang Seng Index rising 385 points to 26,798 points, and the National Index and Hang Seng TECH Index increasing by 131 points and 92 points, respectively. E-commerce stocks such as Alibaba and JD opened higher, while technology stocks Tencent, Meituan, and NetEase also saw gains. AI model stock KNOWLEDGE ATLAS opened down 13.8% due to issues. Export stocks such as Creative Technology and SHENZHOU INTL opened higher, and pharmaceutical stocks WUXI BIO and WUXI APPTEC also rose. Commodity prices increased, leading to a general rise in related resource stocks

The U.S. Supreme Court rejected Trump's reciprocal tariffs, leading to a surge in e-commerce stocks last Friday (20th), with Hong Kong stocks significantly opening higher in the morning. The Hang Seng Index opened up 385 points or 1.5%, at 26,798 points; the National Index opened up 131 points or 1.5%, at 9,091 points; the Hang Seng Tech Index opened up 92 points or 1.8%, at 5,303 points.

E-commerce stocks Alibaba-W (09988.HK) and JD-SW (09618.HK) opened up 2% and 2.1%, respectively, while Kuaishou-W (01024.HK) opened up 3.2%. In other tech stocks, Tencent (00700.HK) opened up 1.3% at HKD 529, Meituan-W (03690.HK) opened up 3%, NetEase-S (09999.HK) opened up 5.2%, and Baidu-SW (09888.HK) opened up 0.9%. In the chip sector, SMIC (00981.HK) and Hua Hong (01347.HK) opened up 1% and 1.5%. AI model stocks retreated, with Zhipu (02513.HK) apologizing for issues related to the GLM Coding Plan, and the stock opened down 13.8% at HKD 625. MiniMax-WP (00100.HK) opened down 10% at HKD 873.

Export stocks Kintor (00669.HK) opened up 2.6%, and Shenzhou (02313.HK) opened up 3.8%. Pharmaceutical stocks Wuxi Biologics (02269.HK) and WuXi AppTec (02359.HK) opened up 2.9% and 2.2%. In the automotive sector, Geely (00175.HK), BYD (01211.HK), Xiaomi-W (01810.HK), and Nio-SW (09866.HK) opened up between 0.8% and 1.4%.

Commodity prices rose, leading to related stocks opening higher. Shandong Gold (01787.HK) and Zhaojin (01818.HK) opened up 2.4% and 2.6%, respectively, while Zijin (02899.HK) and China Silver (00815.HK) opened up 3% and 3.3%, and China Gold International (02099.HK) opened up 3.9%. Resource stocks Jiangxi Copper (00358.HK) opened up 1.9%, while Hongqiao (01378.HK) and Luoyang Molybdenum (03993.HK) opened up 2.7% and 3.3%, respectively, and Minmetals Resources (01208.HK) opened up 4.1%.

In the financial sector, HSBC (00005.HK) opened up 0.5% at HKD 135, while Hong Kong Exchanges and Clearing (00388.HK) and AIA (01299.HK) opened up 2.2% and 2.5%. Domestic insurance stocks Ping An (02318.HK), China Pacific Insurance (02328.HK), and China Life (02628.HK) opened up between 2.2% and 2.4%. Domestic bank stocks ICBC (01398.HK) opened up 1.7%.

In other stocks, sportswear stock Li Ning (02331.HK) opened up 2.5%. Travel platform Trip.com-S (09961.HK) opened up 2.2%

### Related Stocks

- [02513.HK - KNOWLEDGE ATLAS](https://longbridge.com/en/quote/02513.HK.md)
- [STECH.HK - Hang Seng TECH Index](https://longbridge.com/en/quote/STECH.HK.md)
- [09988.HK - BABA-W](https://longbridge.com/en/quote/09988.HK.md)
- [03690.HK - MEITUAN](https://longbridge.com/en/quote/03690.HK.md)
- [02313.HK - SHENZHOU INTL](https://longbridge.com/en/quote/02313.HK.md)
- [02269.HK - WUXI BIO](https://longbridge.com/en/quote/02269.HK.md)
- [09618.HK - JD-SW](https://longbridge.com/en/quote/09618.HK.md)
- [BABA.US - Alibaba](https://longbridge.com/en/quote/BABA.US.md)
- [02359.HK - WUXI APPTEC](https://longbridge.com/en/quote/02359.HK.md)
- [00HSI.HK - Hang Seng Index](https://longbridge.com/en/quote/00HSI.HK.md)

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