--- title: "Hong Kong shares bounce after US Supreme Court tariff ruling; tech shares lead" description: "Hong Kong stocks surged on February 23, led by tech shares, following a U.S. Supreme Court ruling that reduced tariffs on China. The Hang Seng Index rose 2.3% to 27,019.21, while the Hang Seng China E" type: "news" locale: "en" url: "https://longbridge.com/en/news/276563445.md" published_at: "2026-02-23T04:49:57.000Z" --- # Hong Kong shares bounce after US Supreme Court tariff ruling; tech shares lead > Hong Kong stocks surged on February 23, led by tech shares, following a U.S. Supreme Court ruling that reduced tariffs on China. The Hang Seng Index rose 2.3% to 27,019.21, while the Hang Seng China Enterprises Index increased by 2.5%. Analysts predict a significant tariff reduction for China, from 32% to 24%. U.S. President Trump is scheduled to visit China from March 31 to April 2, which is boosting market sentiment. The Hang Seng Tech Index climbed 4%, with notable gains from Alibaba and Tencent. Overall, the market is optimistic about China's economic recovery and upcoming events. HONG KONG, Feb 23 (Reuters) - Hong Kong stocks jumped on Monday, led by tech and mainland shares listed in the city, as China is set to receive lower tariffs after the U.S. Supreme Court ruling. By the noon trading break, the benchmark Hang Seng Index (.HSI) advanced 2.3% to 27,019.21, the strongest level since Feb 12. The Hang Seng China Enterprises Index (.HSCE) which tracks major mainland firms listed in the city, bounced 2.5%, on track for its best single-day gain in a month. Sentiment was largely upbeat following the U.S. Supreme Court’s decision on Friday to strike down Donald Trump’s sweeping tariffs, which China is making “full assessment” of. China should see the largest tariff reduction as it faces the highest tariff rates at the outset, declining to 24% from 32%, according to analysts at Morgan Stanley. U.S. President Donald Trump will travel to China from March 31 to April 2 for a highly anticipated meeting between the leaders of the world’s two biggest economies. “The U.S. tariff ruling and Trump’s finalized China visit schedule is lending a support to risk appetite,” Zhang Qiyao, chief strategy analyst at Industrial Securities, wrote in a note. “Although Trump may seek other tariff tools as substitutes which could still bring some uncertainty, the risk of sharp twists in U.S.-China relations will be relatively controllable in near term ahead of his visit,” he added. The Hang Seng Tech Index (.HSTECH) rallied as much as 4% to rebound from a seven-month low struck in the Friday trading session amid renewed optimism towards China’s AI developments. Alibaba (9988.HK) jumped 3.6% and Tencent (0700.HK) rallied 3.3%. Chipmaker SMIC (0981.HK) surged 4.6%, the best gain in nearly two months. Investors are also digesting early data releases for the Chinese New Year holiday period, which delivered a “broadly firm” demand signal, with upbeat retail sales, resilient travel and improved home sales, according to Citi analysts. “With the economy off to a steady start, market focus will shift to the NPC starting March 5th,” they wrote in a note. Around the region, MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was up 1% in light trade. ### Related Stocks - [HSCEI.HK - Hang Seng China Enterprises Index](https://longbridge.com/en/quote/HSCEI.HK.md) - [BABA.US - Alibaba](https://longbridge.com/en/quote/BABA.US.md) - [00700.HK - TENCENT](https://longbridge.com/en/quote/00700.HK.md) - [STECH.HK - Hang Seng TECH Index](https://longbridge.com/en/quote/STECH.HK.md) - [TCEHY.US - Tencent](https://longbridge.com/en/quote/TCEHY.US.md) - [TCTZF.US - Tencent Holdings Limited](https://longbridge.com/en/quote/TCTZF.US.md) - [09988.HK - BABA-W](https://longbridge.com/en/quote/09988.HK.md) - [03033.HK - CSOP HS TECH](https://longbridge.com/en/quote/03033.HK.md) - [03115.HK - ISHARESHSI](https://longbridge.com/en/quote/03115.HK.md) - [03067.HK - ISHARESHSTECH](https://longbridge.com/en/quote/03067.HK.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 微信 2026 春节数据报告：跨境游火爆，马来西亚、马尔代夫线下交易金额同比大涨 131% 和 186% | 2 月 23 日，微信发布 2026 马年春节数据报告显示，“史上最长春节假期” 点燃消费热潮。春节期间，旅行、生活娱乐微信支付笔数同比均增长超 20%。跨境游火爆，马来西亚、马尔代夫线下交易金额同比分别大涨 131% 和 186%，马来西 | [Link](https://longbridge.com/en/news/276580518.md) | | 腾讯控股有 2 宗大手成交 涉资 4,731.12 万元 | 腾讯控股近期有两宗大手成交，涉及资金总额为 4,731.12 万元。成交价格在 538.0 至 538.5 元之间，成交数量为 8.79 万股。具体成交时间为 10:31:48 和 10:41:40，分别成交 45,900 股和 42,00 | [Link](https://longbridge.com/en/news/276558085.md) | | 阿里推 Qwen Coding Plan 新用户月费最低 7.9 元人民币 | 阿里巴巴旗下阿里云推出 Qwen Coding Plan 套餐，新用户首月基础套餐价格为 7.9 元人民币，较原价 40 元节省逾 80%。Pro 服务计划每月最多 9 万次请求，基础套餐为 1.8 万次。新用户 Pro 套餐首月费用为 3 | [Link](https://longbridge.com/en/news/276529226.md) | | 腾讯控股有 5 宗大手成交 涉资 1.44 亿元 | 腾讯控股在近期有 5 宗大手成交，涉及资金总额为 1.44 亿元。成交价格在 530.5 至 535.0 元之间，总数量为 26.93 万股。具体成交情况包括：09:30:24 以 530.5 元成交 43,900 股，09:35:21 以 | [Link](https://longbridge.com/en/news/276554853.md) | | 东亚证券降腾讯、阿里、蓝思目标价 升快手、宁德时代目标价 | 东亚证券发布报告，调低腾讯、阿里巴巴、蓝思科技的目标价，分别降至 680 港元、188 港元及 36.5 港元，降幅为 4.23%、4.08% 及 4.95%。同时，快手及宁德时代的目标价上调至 91 港元及 595 港元，涨幅为 4.6% | [Link](https://longbridge.com/en/news/276554343.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.