--- title: "Hong Kong stock market intraday | The Hang Seng Index fell 1.65%, the Tech Index fell 2.26% leading the decline, KNOWLEDGE ATLAS surged 13.57%, YOFC strengthened against the trend" description: "On February 24th, during the Hong Kong stock market, the three major indices collectively weakened, with the Hang Seng Tech Index leading the decline, down 2.26%. The internet and retail sectors were " type: "news" locale: "en" url: "https://longbridge.com/en/news/276673919.md" published_at: "2026-02-24T02:36:09.000Z" --- # Hong Kong stock market intraday | The Hang Seng Index fell 1.65%, the Tech Index fell 2.26% leading the decline, KNOWLEDGE ATLAS surged 13.57%, YOFC strengthened against the trend > On February 24th, during the Hong Kong stock market, the three major indices collectively weakened, with the Hang Seng Tech Index leading the decline, down 2.26%. The internet and retail sectors were under pressure, and market risk aversion increased, with Tencent Holdings falling 3.16% and Alibaba dropping 2.50%. The communication equipment sector showed mixed performance, with YOFC rising against the trend by 3.84%. In terms of individual stocks, KNOWLEDGE ATLAS surged 13.57% due to the release of its flagship model, while Jiantao's laminated board rose 11.19% on positive earnings expectations. Investors are closely watching Hong Kong's retail and unemployment rate data **Market Overview** On February 24, during the Hong Kong stock market session, the three major indices collectively weakened in the morning, as the market faced profit-taking pressure after reaching a high yesterday, showing an overall trend of volatile adjustment. ▪ As of the time of writing, the Hang Seng Index is at 26,634.12 points, down 1.65%, showing a significant pullback from yesterday's high. ▪ The Hang Seng Tech Index performed weakly, leading the market decline, currently reported at 5,263.87 points, down 2.26%. ▪ The National Enterprises Index also fell, reported at 9,040.74 points, down 1.7%, clearly under short-term pressure. **Sector Performance** ▪ The internet content and information sector overall declined, significantly affected by macro pressures and risk-averse sentiment. Tencent Holdings (700.HK) fell 3.16%, Kuaishou-W (1024.HK) dropped 3.43%, and Meitu Inc. (1357.HK) decreased by 8.4%. Market sentiment is bearish, with funds flowing out of heavyweight stocks. ▪ The retail sector saw widespread declines, mainly influenced by negative external market transmissions, with pressure on Chinese concept stocks. Alibaba-W (9988.HK) fell 2.5%, JD-SW (9618.HK) decreased by 0.47%, and Miniso (9896.HK) dropped 2.98%. ▪ The communication equipment sector showed mixed performance, with individual stocks moving independently. Yangtze Optical Fibre and Cable (6869.HK) rose against the trend by 3.84%, leading the sector; Cambridge Technology (6166.HK) increased by 2.65%; while BYD Electronics (285.HK) fell by 2.28%. Optical fibre stocks are receiving high attention from funds. **Macroeconomic Background** The current Hong Kong stock market is highly focused on the endogenous growth momentum of the economy. Investors are closely monitoring Hong Kong's retail sales and unemployment rate data to verify the strength of local consumption recovery; at the same time, the comprehensive CPI and import-export data are also key to assessing inflation and external demand. Under the interplay of liquidity and policy expectations, the marginal improvement of the aforementioned macro indicators will directly determine the short-term rebound sustainability and fund flow in the Hong Kong stock market. **Popular Stocks** ▪ KNOWLEDGE ATLAS (2513.HK) rose 13.57%, with a transaction volume of HKD 1.351 billion. The company launched the GLM-5 model on February 12, with programming development scene performance improved by over 20% compared to the previous generation, and received positive outlooks from multiple institutions regarding its commercialization prospects. Despite issuing an apology on February 23 due to service interruptions caused by traffic exceeding expectations, the release of the new flagship model and the price increase of commercialization packages continue to boost the stock price, with a market capitalization exceeding HKD 323.2 billion. ▪ Kingboard Laminates (1888.HK) rose 11.19%, with a transaction volume of HKD 485 million. The company issued a profit warning, expecting net profit for the fiscal year 2025 to exceed HKD 2.39 billion, a year-on-year increase of over 80%. Boosted by this news, the stock price briefly broke through the HKD 20 mark during the session, setting a new high since its listing. Recently, the copper-clad laminate and upstream material markets have shown a trend of rising volume and price, with recovering demand for electronic products driving price increases ▪ Shandong Molong (568.HK) rose 11.41%, with a transaction amount of HKD 370 million. Influenced by the rise in international oil and gas prices and the global resource development boom, the oil and gas equipment sector is active. The market is focused on the company's potential for a turnaround as a manufacturer of oil drilling machinery, expecting it to benefit from increased industry capital expenditure and heightened funding attention. ▪ Aido New Energy (2623.HK) rose 38.53%, with a transaction amount of HKD 31.3509 million. The company announced plans to invest approximately AUD 39.5 million to subscribe for about 9.95% of shares in Australian gold producer Horizon Minerals, laying out its gold mining business. Stimulated by the acquisition news, the stock price surged dramatically after resuming trading, and the market reacted enthusiastically to this cross-border merger. ▪ Zhaoyi Innovation (3986.HK) rose 8.18%, with a transaction amount of HKD 411 million. The Shenzhen Stock Exchange announced that the company has been included in the Hong Kong Stock Connect eligible securities list, attracting southbound capital inflow. Recently benefiting from the recovery of the global semiconductor cycle and accelerated domestic substitution, the demand for the company's storage and microcontroller product lines has warmed up, supporting valuation increases. **Market Transaction Amount TOP10** ▪ Tencent Holdings (00700.HK) latest transaction price HKD 522.0, down 2.97%, transaction amount HKD 6.218 billion ▪ Alibaba -W (09988.HK) latest transaction price HKD 148.6, down 2.37%, transaction amount HKD 3.596 billion ▪ YOFC (06869.HK) latest transaction price HKD 132.9, up 4.07%, transaction amount HKD 1.703 billion ▪ Meituan -W (03690.HK) latest transaction price HKD 81.45, down 4.18%, transaction amount HKD 1.498 billion ▪ Pop Mart (09992.HK) latest transaction price HKD 240.2, down 3.30%, transaction amount HKD 1.363 billion ▪ KNOWLEDGE ATLAS (02513.HK) latest transaction price HKD 631.0, up 12.68%, transaction amount HKD 1.337 billion ▪ SMIC (00981.HK) latest transaction price HKD 69.25, down 2.60%, transaction amount HKD 1.301 billion ▪ Xiaomi Group -W (01810.HK) latest transaction price HKD 36.36, down 0.55%, transaction amount HKD 1.216 billion ▪ AIA Group (01299.HK) latest transaction price HKD 85.0, down 0.76%, transaction amount HKD 1.143 billion ▪ SenseTime -W (00020.HK) latest transaction price HKD 2.61, down 5.78%, transaction amount HKD 1.09 billion ### Related Stocks - [00700.HK - TENCENT](https://longbridge.com/en/quote/00700.HK.md) - [01024.HK - KUAISHOU-W](https://longbridge.com/en/quote/01024.HK.md) - [01357.HK - MEITU](https://longbridge.com/en/quote/01357.HK.md) - [09618.HK - JD-SW](https://longbridge.com/en/quote/09618.HK.md) - [09988.HK - BABA-W](https://longbridge.com/en/quote/09988.HK.md) - [09896.HK - MNSO](https://longbridge.com/en/quote/09896.HK.md) - [06166.HK - CIG](https://longbridge.com/en/quote/06166.HK.md) - [00285.HK - BYD ELECTRONIC](https://longbridge.com/en/quote/00285.HK.md) - [02513.HK - KNOWLEDGE ATLAS](https://longbridge.com/en/quote/02513.HK.md) - [00568.HK - SHANDONG MOLONG](https://longbridge.com/en/quote/00568.HK.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 智譜 (2513) 就付費套餐失誤發致歉信，推出多重補償方案 | 智譜就其 GLM Coding Plan 付費套餐問題發出致歉信，承認存在規則透明度不足、灰度推出節奏過慢及舊用户升級機制粗糙等三大問題。為此，公司推出多項補償措施，包括全額退款、延長服務使用期及提供「一鍵回滾」選項。 | [Link](https://longbridge.com/en/news/276555577.md) | | 智譜發佈 GLM-5 技術細節：工程級智能，適配國產算力 | 對中國來説，GLM-5 更像是一次宣告：我們不僅能做大模型，也能做自己的算力適配，還能把兩者打通。 | [Link](https://longbridge.com/en/news/276533880.md) | | 【每日通告】巴拿馬撤銷長和 (1) 旗下港口特許經營權，愛德新能源 (2623) 斥 2.18 億港元收購澳洲黃金生產商股權 | 巴拿馬最高法院裁決撤銷長和旗下港口的特許經營權，APM 接手管理。愛德新能源以 2.18 億港元收購澳洲黃金生產商近 10% 股權。星凱控股預計中期虧損收窄至 1200 萬至 1800 萬元。中國建築興業發盈警，預計全年純利大跌至 2.37 | [Link](https://longbridge.com/en/news/276676381.md) | | 南非報業集團/納斯珀斯 (OTCMKTS:NPSNY) 被 Wall Street Zen 下調至 “持有” 評級 | 華爾街禪將南非報業集團/納斯珀斯 (ADR)（OTCMKTS:NPSNY）的評級從 “買入” 下調至 “持有”。其他分析師的看法不一，Zacks 將其評級上調至 “持有”，而巴克萊則維持 “增持” 評級。目前，南非報業集團的平均評級為 “買 | [Link](https://longbridge.com/en/news/276671924.md) | | 無視海外 “AI 恐慌”，中國市場狂炒 AI 贏家 | 同一個 AI，截然相反的命運。美國市場陷入” 恐慌性拋售”，中國投資者瘋狂追捧：智譜 AI 一度暴漲 524%，MiniMax 一度飆升 488%。分歧本質是美國投資者焦慮於豐厚利潤池面臨競爭威脅，而中國關注的仍是市場滲透。 | [Link](https://longbridge.com/en/news/276531940.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.