--- title: "Hong Kong Stock Market Mid-Review | Hang Seng Tech Index fell 1.65%, communication equipment stocks rose against the trend, Changfei Fiber increased by 4.65%, Alibaba dropped by 2.09%" description: "As of noon on February 26, Hong Kong stocks showed weakness across the three major indices, with the Hang Seng Index down 0.39% and the Hang Seng Tech Index falling 1.65%, leading the decline. In term" type: "news" locale: "en" url: "https://longbridge.com/en/news/276981405.md" published_at: "2026-02-26T04:19:11.000Z" --- # Hong Kong Stock Market Mid-Review | Hang Seng Tech Index fell 1.65%, communication equipment stocks rose against the trend, Changfei Fiber increased by 4.65%, Alibaba dropped by 2.09% > As of noon on February 26, Hong Kong stocks showed weakness across the three major indices, with the Hang Seng Index down 0.39% and the Hang Seng Tech Index falling 1.65%, leading the decline. In terms of sectors, retail and technology stocks generally retreated, with Alibaba down 2.09% and Kuaishou down 2.41%; the telecommunications equipment sector performed strongly against the trend, with Yangtze Optical Fibre and Cable rising 4.65% and Cambridge Technology up 5.02%. The market experienced a technical adjustment after reaching a peak, focusing on the endogenous momentum of economic recovery, with investment sentiment becoming cautious **Market Overview** February 26th Hong Kong Stock Market Mid-Review: After reaching a phase high yesterday, the three major indices collectively weakened by midday today, showing signs of a high-level correction. ▪ The Hang Seng Index closed at 26,661.2 points at noon, down 0.39%. After hitting a new high yesterday, the index's upward momentum has slowed, maintaining a narrow range of fluctuations today. ▪ The Hang Seng Tech Index performed the weakest, reporting 5,173.65 points at the time of writing, down 1.65%, leading the decline among the three major indices, with a noticeable technical pullback from yesterday's high. ▪ The National Enterprises Index reported 8,918.15 points, down 1.29%, closely following the market's adjustment pace. **Sector Performance** ▪ The retail sector showed a downward trend, with leading stocks experiencing significant corrections and market sentiment being weak. Alibaba -W fell 2.09%, with a transaction volume of HKD 6.423 billion; Miniso fell 4.34%. JD.com -SW fell 1.97%, and the company has submitted a trademark application for "insurance consultant" to the Hong Kong Intellectual Property Department, marking its transition from compliance entry to brand building in the financial business in Hong Kong. ▪ The internet content and information sector collectively weakened, with heavyweight stocks dragging down the sector's performance. Tencent Holdings fell 0.77%, and its Yuanbao team publicly apologized for the profanity in the New Year greeting posters generated during the Spring Festival, and has urgently corrected and optimized the model experience; Kuaishou -W fell 2.41%; Baidu -SW fell 2.64%. ▪ The communication equipment sector rose against the market trend, with leading fiber and equipment stocks leading the gains. Yangtze Optical Fibre and Cable rose 4.65%, with a transaction volume of HKD 2.743 billion; Cambridge Technology rose 5.02%; ZTE Corporation rose 1.38%. **Macroeconomic Background** ▪ The current Hong Kong stock market is highly focused on the endogenous momentum of economic recovery. Investors are closely monitoring manufacturing PMI and import-export data to verify external demand and industry prosperity, while unemployment rates and retail sales performance have become core indicators of local consumer confidence. Inflation data (CPI) is also a recent focus of market speculation regarding liquidity expectations, with overall market sentiment remaining cautiously observant. **Popular Stocks** ▪ Fulin Group Holdings (1443.HK) rose 44.90%, with a transaction volume of HKD 6.6717 million. After the stock price recently hit a new low since listing (about HKD 0.046), it experienced a retaliatory rebound today, surging nearly 45% in a single day, mainly driven by bottom-fishing funds, representing a technical correction. ▪ Putian Communication Group (1720.HK) rose 31.25%, with a transaction volume of HKD 18.9193 million. Market rumors and optimistic expectations regarding digital infrastructure policies have driven continuous capital inflow, making it one of the leading stocks in the communication equipment sector. ▪ Southern Communication (1617.HK) rose 22.22%, with a transaction volume of HKD 27.9157 million. Driven by the rise of peer companies in the industry, market expectations for the demand for fiber optic cables and communication infrastructure construction have heated up, leading to a significant surge in stock price. ▪ Zijing International Financial (8340.HK) rose 17.86%, with a transaction volume of HKD 8,417.00. After experiencing a significant decline, this stock has shown a notable technical rebound, with the large fluctuations in stock price reflecting the market's high speculative enthusiasm for small financial stocks and virtual asset trading ▪ China National Pharmaceutical Group Technology Co., Ltd. (8156.HK) rose by 16.36%, with a transaction amount of 9,200.00 HKD. As the Hang Seng Index rose above 27,000 points, the recovery in the technology sector boosted the stock's rebound, with the market focusing on its "Internet +" and anti-counterfeiting solution business prospects. **Top 10 Market Transaction Amounts** ▪ Alibaba Group Holding Limited -W (09988.HK) latest transaction price 145.2 HKD, down 2.09%, transaction amount 6.423 billion ▪ Tencent Holdings Limited (00700.HK) latest transaction price 518.5 HKD, down 0.77%, transaction amount 5.878 billion ▪ Yangtze Optical Fibre and Cable Joint Stock Limited Company (06869.HK) latest transaction price 137.4 HKD, up 4.65%, transaction amount 2.743 billion ▪ Conch Cement Company Limited (00914.HK) latest transaction price 24.82 HKD, down 7.04%, transaction amount 2.515 billion ▪ HSBC Holdings plc (00005.HK) latest transaction price 145.7 HKD, up 2.10%, transaction amount 2.427 billion ▪ Xiaomi Group -W (01810.HK) latest transaction price 35.54 HKD, down 0.17%, transaction amount 2.04 billion ▪ Semiconductor Manufacturing International Corporation (00981.HK) latest transaction price 68.8 HKD, down 1.50%, transaction amount 1.494 billion ▪ Hua Hong Semiconductor Limited (01347.HK) latest transaction price 97.65 HKD, down 5.01%, transaction amount 1.471 billion ▪ Hong Kong Exchanges and Clearing Limited (00388.HK) latest transaction price 409.0 HKD, down 0.78%, transaction amount 1.47 billion ▪ Kuaishou Technology -W (01024.HK) latest transaction price 64.75 HKD, down 2.41%, transaction amount 1.459 billion ### Related Stocks - [09988.HK - BABA-W](https://longbridge.com/en/quote/09988.HK.md) - [00700.HK - TENCENT](https://longbridge.com/en/quote/00700.HK.md) - [09618.HK - JD-SW](https://longbridge.com/en/quote/09618.HK.md) - [09896.HK - MNSO](https://longbridge.com/en/quote/09896.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) - [06869.HK - YOFC](https://longbridge.com/en/quote/06869.HK.md) - [06166.HK - CIG](https://longbridge.com/en/quote/06166.HK.md) - [00763.HK - ZTE](https://longbridge.com/en/quote/00763.HK.md) - [01443.HK - FULUM GP HLDG](https://longbridge.com/en/quote/01443.HK.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | How Do Investors Really Feel About Baidu Inc? | Baidu Inc's (NYSE:BIDU) short interest has decreased by 14.33%, with 6.91 million shares sold short, representing 2.51% | [Link](https://longbridge.com/en/news/276746113.md) | | Alibaba Stock Forecast Ahead of Q3 Earnings – Here's What to Expect | E-commerce giant Alibaba (BABA) is set to report fiscal Q3 2026 results soon, with analysts expecting earnings of $1.68 | [Link](https://longbridge.com/en/news/276325421.md) | | Naspers (OTCMKTS:NPSNY) Lowered to Hold Rating by Wall Street Zen | Wall Street Zen downgraded Naspers (OTCMKTS:NPSNY) from a "buy" to a "hold" rating. 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