---
title: "Taiwan and South Korea star stocks all hit new highs, Hong Kong stocks rose over 700 points to regain the 27,000 mark, with technology stocks leading the way as MEITUAN surged 7%, while newly listed AI large model stocks quickly retreated"
description: "After the U.S. Supreme Court overturned Trump's tariff policy, Trump announced a global 15% tariff increase. The Asia-Pacific stock markets generally rose, with the Taiwan stock market breaking throug"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/276559386.md"
published_at: "2026-02-23T02:44:50.000Z"
---

# Taiwan and South Korea star stocks all hit new highs, Hong Kong stocks rose over 700 points to regain the 27,000 mark, with technology stocks leading the way as MEITUAN surged 7%, while newly listed AI large model stocks quickly retreated

> After the U.S. Supreme Court overturned Trump's tariff policy, Trump announced a global 15% tariff increase. The Asia-Pacific stock markets generally rose, with the Taiwan stock market breaking through 34,000 points for the first time, and South Korea's Kospi reaching a historic high. The Hong Kong Hang Seng Index rose back above 27,000 points, up 737 points or 2.8%, led by technology stocks, with MEITUAN rising 7.37%. The market is focused on NVIDIA's upcoming quarterly performance, and chip stocks performed well

After the U.S. Supreme Court overturned President Trump's tariff policy, Trump immediately announced a 15% tariff increase globally. Major stock markets in the Asia-Pacific region generally performed well this morning (23rd). Taiwan's stock market reopened after the Lunar New Year holiday, breaking the 34,000-point mark for the first time in history, reaching a high of 34,212 points, and currently reported at 34,057 points, up 451 points or nearly 1.4%. The Hang Seng Index rose 23 points or nearly 0.5%, reporting 5,041 points, a historical high. South Korea's Kospi rose 55 points or nearly 1%, reporting 5,863 points, having reached a high of 5,931 points during the session. The A-shares in mainland China and the Japanese stock market are closed.

The Hang Seng Index opened 385 points higher this morning, and the gains expanded in the early market, surpassing the 27,000-point mark, currently up 737 points or 2.8%, reporting 27,151 points, with a turnover of HKD 77.874 billion.

Weighted technology stocks led the market, with MEITUAN-W (03690.HK) opening 3% higher and then expanding its gains, reaching a high of HKD 87.5. It is currently reported at HKD 86.7, up 7.37%, the largest gain among blue-chip stocks, with a turnover of HKD 2.741 billion. JD.com-SW (09618.HK) is currently reported at HKD 109.2, up 5.2%, with a turnover of HKD 438 million. Tencent (00700.HK) is currently reported at HKD 539, up 3.26%, with a turnover of HKD 4.895 billion. Alibaba-W (09988.HK) is currently reported at HKD 152.9, up 3.94%, with a turnover of HKD 2.917 billion. Xiaomi-W (01810.HK) is currently reported at HKD 36.72, up 3.85%, with a turnover of HKD 1.405 billion. Kuaishou-W (01024.HK) is currently reported at HKD 68.9, up 3.61%, with a turnover of HKD 442 million. NetEase-S (09999.HK) is currently reported at HKD 184.9, up 3.12%, with a turnover of HKD 550 million.

The market is focused on NVIDIA (NVDA.US) which is set to announce its earnings for the quarter ending at the end of January this week. Chip stocks are performing well, with SMIC (00981.HK) currently reported at HKD 71.1, up 5.02%, with a turnover of HKD 753 million. Hua Hong (01347.HK) is currently reported at HKD 98.5, up 4.62%, with a turnover of HKD 436 million. Domestic GPU stock Wallen Technology (06082.HK) is currently reported at HKD 39.76, up 11.75%, with a turnover of HKD 354 million. Tianxu Zhixin (09903.HK) is currently reported at HKD 271, up 2.96%, with a turnover of HKD 84.2537 million.

The situation in Iran remains tense, and Goldman Sachs expects gold prices to rise to USD 5,400 per ounce by the end of this year. Zijin (02899.HK) is currently reported at HKD 45.22, up 6.05%, with a turnover of 21.1349 million shares, involving HKD 947 million. Its subsidiary Zijin Gold International (02259.HK) rose 7.8%, reporting HKD 230.8, with a turnover of HKD 487 million. Other gold mining stocks are also rising, with Zhaojin (01818.HK), Shandong Gold (01787.HK), China Gold International (02099.HK), Lingbao Gold (03330.HK), and Wanguo Gold (03939.HK) each rising about 6% to 7% Tongguan Gold (00340.HK) rose 11.6%.

Last Friday (20th), the three AI large model semi-new stocks that broke records together quickly retraced from their historical closing highs. Zhipu (02513.HK) is currently reported at HKD 586.5, down 19.1%, with a transaction volume of HKD 1.952 billion. MINIMAX-WP (Xiyu Technology) (00100.HK) had previously dropped 15.5% during the day, hitting a low of HKD 820. It is currently reported at HKD 879, down 9.38%, with a transaction volume of HKD 1.356 billion. Haizhi Technology (02706.HK) is currently reported at HKD 139.1, down 9.73%, with a transaction volume of HKD 448 million

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