--- title: "Hong Kong Stock Midday Review | Hang Seng Index fell 1.93%, KNOWLEDGE ATLAS surged 20.89%, Meituan dropped 4.76%" description: "On February 24th, the Hong Kong stock market's midday review showed a collective pullback in the morning session, with the three major indices experiencing a unilateral adjustment. The Hang Seng Index" type: "news" locale: "en" url: "https://longbridge.com/en/news/276681639.md" published_at: "2026-02-24T04:16:02.000Z" --- # Hong Kong Stock Midday Review | Hang Seng Index fell 1.93%, KNOWLEDGE ATLAS surged 20.89%, Meituan dropped 4.76% > On February 24th, the Hong Kong stock market's midday review showed a collective pullback in the morning session, with the three major indices experiencing a unilateral adjustment. The Hang Seng Index fell by 1.93%, and the Hang Seng TECH Index dropped by 2.36%, leading the market decline. Risk aversion sentiment increased, causing technology heavyweight stocks to weaken across the board, with Meituan -W down 4.76%, leading the blue-chip decline, and Tencent Holdings down 3.44%. The internet, retail, and catering sectors were generally under pressure, but YUM CHINA rose 1.98 against the trend. In terms of individual stocks, KNOWLEDGE ATLAS surged by 20.89%, and KB LAMINATES rose by 11.09, driven by positive earnings expectations. Market focus has shifted to macroeconomic data and liquidity in the capital market **Market Overview** ▪ On February 24, Hong Kong stocks experienced a collective pullback in the morning session, with the three major indices failing to continue yesterday's upward trend, showing a one-sided adjustment pattern. By the midday close, market risk aversion increased, and profit-taking surged. ▪ The Hang Seng Index closed at 26,560.57 points, down 1.93%, significantly retreating from yesterday's high, with short-term upward momentum hindered. ▪ The Hang Seng TECH Index led the market decline, closing at 5,258.33 points, down 2.36%, with technology heavyweight stocks weakening across the board. ▪ The Hang Seng China Enterprises Index also declined, closing at 9,007.78 points, down 2.06%. **Sector Performance** ▪ The internet content and information sector collectively fell, with market sentiment dominated by risk aversion factors. Leading stock Tencent Holdings (700.HK) dropped 3.44%, with a trading volume of HKD 8.721 billion, mainly affected by the return of southbound capital and market concerns about the macro environment. Kuaishou-W (1024.HK) fell 3.79%, dragged down by the overall weakness in tech stocks and a sell-off in the U.S. software sector. Baidu-SW (9888.HK) declined 3.08%, with geopolitical issues and industry regulatory expectations suppressing short-term sentiment. ▪ The retail sector showed lackluster performance, with major stocks generally under pressure. Alibaba-W (9988.HK) fell 2.96%, with a trading volume of HKD 6.071 billion, as the market worried about uncertainties in U.S. trade policies and intensified industry competition. Miniso (9896.HK) dropped 3.13%, influenced by fluctuations in consumer recovery expectations. JD-SW (9618.HK) performed relatively resiliently, slightly down 0.19%, benefiting from increased attention on its robotics business and expectations of debt optimization from its offshore bond issuance plan. ▪ The restaurant sector exhibited mixed performance, with concerns over price wars prompting capital outflows. Meituan-W (3690.HK) led the blue-chip decline, falling 4.76%, with a trading volume of HKD 2.996 billion, as the core local business turned to losses due to price wars, raising market concerns about the worsening competitive landscape. Haidilao (6862.HK) fell 3.03%. YUM China (9987.HK) rose 1.98% against the trend, as the market favored its robust franchise model and risk resilience, attracting safe-haven funds. **Macroeconomic Background** ▪ The current market is focused on the endogenous driving forces of Hong Kong's economic recovery. Investors are closely analyzing retail sales data and year-on-year import and export figures to assess the recovery of local consumption and external demand; they are also paying close attention to the three-month unemployment rate and overall CPI trends, weighing the robustness of inflation and the job market. Additionally, changes in HSBC's manufacturing PMI and M3 money supply are key indicators for measuring liquidity and the vitality of the real economy. **Popular Stocks** ▪ KNOWLEDGE ATLAS (2513.HK) rose 20.89%, with a trading volume of HKD 2.336 billion. There are no specific recent news, but capital speculation is intense, with the stock price significantly surging against the backdrop of a weak market. ▪ KB LAMINATES (1888.HK) rose 11.09%, with a trading volume of HKD 638 million. The company issued a profit warning, expecting a net profit exceeding HKD 2.39 billion for the fiscal year 2025, a year-on-year increase of over 80% The growth in performance is mainly attributed to strong demand for copper-clad laminates and upstream materials, with demand for AI and high-end electronic products driving both volume and price increases, garnering optimism from multiple institutions. ▪ Shandong Molong (568.HK) rose 11.65%, with a transaction volume of HKD 507 million. The company announced a debt payment agreement and a notice for a temporary shareholders' meeting, with key developments in debt restructuring and repayment arrangements attracting market attention. ▪ Gigadevice Semiconductor (3986.HK) rose 13.93%, with a transaction volume of HKD 766 million. There are no specific recent news, but market activity has significantly increased. ▪ Aide New Energy (2623.HK) rose 31.65%, with a transaction volume of HKD 40.9039 million. The stock price fluctuated wildly, ranking high in gains. **Market Transaction Volume TOP10** ▪ Tencent Holdings (00700.HK) latest transaction price HKD 519.50, down 3.44%, transaction volume HKD 8.721 billion ▪ Alibaba -W (09988.HK) latest transaction price HKD 147.70, down 2.96%, transaction volume HKD 6.071 billion ▪ Meituan -W (03690.HK) latest transaction price HKD 80.95, down 4.76%, transaction volume HKD 2.996 billion ▪ Knowledge Atlas (02513.HK) latest transaction price HKD 677.00, up 20.89%, transaction volume HKD 2.336 billion ▪ Yangtze Optical Fibre and Cable (06869.HK) latest transaction price HKD 134.10, up 5.01%, transaction volume HKD 2.269 billion ▪ SMIC (00981.HK) latest transaction price HKD 69.90, down 1.69%, transaction volume HKD 2.241 billion ▪ Xiaomi Group -W (01810.HK) latest transaction price HKD 35.88, down 1.86%, transaction volume HKD 2.005 billion ▪ Pop Mart (09992.HK) latest transaction price HKD 238.80, down 3.86%, transaction volume HKD 1.773 billion ▪ Ping An Insurance (02318.HK) latest transaction price HKD 69.75, down 4.19%, transaction volume HKD 1.729 billion ▪ SenseTime -W (00020.HK) latest transaction price HKD 2.60, down 6.14%, transaction volume HKD 1.460 billion ### Related Stocks - [01888.HK - KB LAMINATES](https://longbridge.com/en/quote/01888.HK.md) - [09987.HK - YUM CHINA](https://longbridge.com/en/quote/09987.HK.md) - [02513.HK - KNOWLEDGE ATLAS](https://longbridge.com/en/quote/02513.HK.md) - [00700.HK - TENCENT](https://longbridge.com/en/quote/00700.HK.md) - [01024.HK - KUAISHOU-W](https://longbridge.com/en/quote/01024.HK.md) - [09888.HK - BIDU-SW](https://longbridge.com/en/quote/09888.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) - [09618.HK - JD-SW](https://longbridge.com/en/quote/09618.HK.md) - [03690.HK - MEITUAN](https://longbridge.com/en/quote/03690.HK.md) --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.