---
title: "The Hang Seng Index closed up 175 points, HSBC Holdings rose over 5% after earnings, while AI large model stocks fell"
description: "Hong Kong stocks rose due to the rebound in U.S. stocks, with the Hang Seng Index closing up 175 points at 26,765 points. HSBC's stock price rose 5.5% after its earnings report, closing at HKD 142.7. "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/276858290.md"
published_at: "2026-02-25T08:36:40.000Z"
---

# The Hang Seng Index closed up 175 points, HSBC Holdings rose over 5% after earnings, while AI large model stocks fell

> Hong Kong stocks rose due to the rebound in U.S. stocks, with the Hang Seng Index closing up 175 points at 26,765 points. HSBC's stock price rose 5.5% after its earnings report, closing at HKD 142.7. The National Index and the Hang Seng Tech Index rose by 26 points and fell by 10 points, respectively. The total turnover was HKD 236.765 billion. Real estate stocks generally fell due to the budget proposal to raise stamp duty, while domestic property stock Longfor rose by 4.6%

U.S. stocks rebounded and external stock markets improved, leading to a sharp rise in HSBC Holdings (00005.HK) stock price after its earnings report, boosting the Hong Kong stock market. The Hang Seng Index opened 154 points higher and the gains expanded in the afternoon, reaching a high of 26,870 points with an increase of 279 points at one point, closing up 175 points or 0.7% at 26,765 points; the Hang Seng China Enterprises Index rose 26 points or 0.3%, closing at 9,034 points; the Hang Seng Tech Index fell 10 points or 0.2%, closing at 5,260 points. The total market turnover for the day was HKD 236.765 billion.

In the financial sector, HSBC's reported pre-tax profit for last year fell 7% year-on-year, close to the upper limit of market expectations. The group raised its average tangible equity return target for this year to the next two years to 17% or higher, and HSBC's stock price rose 5.5% to HKD 142.7, with a turnover of HKD 6.193 billion. Standard Chartered (02888.HK) fell 2.2%, with the market focusing on the bank's rising expenses.

Hong Kong Exchanges and Clearing (00388.HK) and AIA Group (01299.HK) fell 0.3% and 0.4%. In the domestic banking sector, Agricultural Bank of China (01288.HK) fell 2.2%, while domestic insurance stock ZhongAn Online (06060.HK) fell 3.6%.

Commodity stocks performed well, with Zhaojin Mining (01818.HK) and China Gold International (02099.HK) rising 3% and 4.5%, respectively. Zijin Mining (02899.HK) rose 2%, Jiangxi Copper (00358.HK) and China Molybdenum (03993.HK) rose 2.5% and 3.4%, respectively. Minmetals Resources (01208.HK) and Chalco (02600.HK) rose 4.8% and 5.1%. In the shipping sector, China COSCO Shipping Holdings (01919.HK) rose 2.3%.

The budget proposal raised the residential stamp duty by over HKD 100 million, without relaxing other stamp duties. Real estate stocks such as Henderson Land Development (00012.HK), New World Development (00016.HK), Hongkong Land (00101.HK), Sino Land (00083.HK), and Cheung Kong Holdings (01113.HK) fell between 1.9% and 2.5%, while New World (00017.HK) rose 5.5%. The budget proposal aims to expedite the inclusion of REITs in the Stock Connect, with Link REIT (00823.HK) rising 0.8%. Starting tomorrow, Shanghai will reduce housing purchase restrictions, allowing tax exemptions on personal housing property when changing homes. Domestic property stocks such as Longfor Group (00960.HK) rose 4.6%, while Sunac China (01918.HK) and Yuexiu Property (00123.HK) rose over 3%.

Certain consumer stocks rose, with Maoyan Entertainment (01896.HK) forecasting a profit of at least RMB 540 million last year, doubling its earnings, and its stock price rose 1.9%. Sportswear stocks Anta (02020.HK) and Topsports (06110.HK) rose 2.5% and 6.5%, respectively, while restaurant stock Haidilao (06862.HK) rose 6.2%. In the food and beverage sector, Master Kong (00322.HK) rose 3.8%. WH Group (00288.HK) rose against the market yesterday but retraced 3.3% for the day Airline stock China Southern Airlines (01055.HK) rose 2.7%, casino stock Melco International (00200.HK) rose 3.4%, while travel platform Tongcheng (00780.HK) fell 5%.

JD.com (09618.HK) launched a one-on-one urgent delivery service, with JD.com rising 0.5%, Alibaba (09988.HK) and Meituan (03690.HK) each rising 0.2% and 1.6%. In other tech stocks, Tencent (00700.HK) rose 0.5%, while Kuaishou (01024.HK), Baidu (09888.HK), NetEase (09999.HK), and Bilibili (09626.HK) fell between 0.5% and 0.9%. In the chip sector, SMIC (00981.HK) and Hua Hong (01347.HK) rose 0.6% and 1.4%, while Wall Street (06082.HK) and Tianshu Zhixin (09903.HK) fell 5.9% and 7.6%. AI large model stocks declined, with Zhiyuan (02513.HK) and MiniMax (00100.HK) falling 10.7% and 14.4%, and Envision (03696.HK) and SenseTime (00020.HK) dropping over 5%.

In the automotive sector, BYD (01211.HK) and Xiaomi (01810.HK) fell 0.6% and 0.4%, while Leapmotor (09863.HK) and Nio (09866.HK) fell 2.6%. Autonomous driving-related stocks Horizon (09660.HK) and Hesai (02525.HK) fell 3.4% and 4%.

In the cement sector, Anhui Conch Cement (00914.HK) controlling shareholder plans to increase its holdings in A-shares by up to RMB 1.4 billion, with the stock rising 5.5%, and Anhui Conch Holdings (00586.HK) rising 7.7%

### Related Stocks

- [00960.HK - LONGFOR GROUP](https://longbridge.com/en/quote/00960.HK.md)
- [00HSI.HK - Hang Seng Index](https://longbridge.com/en/quote/00HSI.HK.md)
- [00005.HK - HSBC HOLDINGS](https://longbridge.com/en/quote/00005.HK.md)
- [HSBH.US - HSBC Holdings plc ADRhedged](https://longbridge.com/en/quote/HSBH.US.md)
- [HSBC.US - HSBC](https://longbridge.com/en/quote/HSBC.US.md)

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