--- title: "Hong Kong stock market intraday | The Hang Seng Index rose 0.36%, technology stocks fluctuated and diverged, Tencent Holdings increased by 1.17%, Kuaishou fell by 1.02%" description: "On February 27th, during the Hong Kong stock market, the market showed a mild recovery trend, with the three major indices maintaining narrow fluctuations. The Hang Seng Index stabilized above 26,400 " type: "news" locale: "en" url: "https://longbridge.com/en/news/277132769.md" published_at: "2026-02-27T02:45:13.000Z" --- # Hong Kong stock market intraday | The Hang Seng Index rose 0.36%, technology stocks fluctuated and diverged, Tencent Holdings increased by 1.17%, Kuaishou fell by 1.02% > On February 27th, during the Hong Kong stock market, the market showed a mild recovery trend, with the three major indices maintaining narrow fluctuations. The Hang Seng Index stabilized above 26,400 points, while the Technology Index consolidated around 5,100 points. In terms of sectors, the internet content and information sector experienced mixed fluctuations, with TENCENT's stock price rising due to favorable AI news, while KUAISHOU faced a pullback due to profit-taking pressure; the communication equipment sector declined overall, with CIG experiencing a significant drop. Market sentiment remained cautious, with investors closely monitoring macroeconomic data guidance **Market Overview** ▪ On February 27, during intraday trading, the Hong Kong stock market showed a mild recovery trend overall, with the three major indices maintaining narrow fluctuations below recent highs due to a lack of significant positive stimuli. As of the time of writing: ▪ The Hang Seng Index reported 26,491.34 points, up 0.42%. Although the index did not refresh the peak set on February 25, support above 26,400 points remained solid, and the buying strength was acceptable; ▪ The Hang Seng Tech Index reported 5,127.84 points, up 0.36%. The tech sector continued to show a divergent trend, with the index oscillating around the 5,100-point mark throughout the day, indicating clear consolidation demand; ▪ The China Enterprises Index reported 8,815.8 points, slightly up 0.02%, showing relatively weak performance, fluctuating near the flat line for the entire day. Overall, the market has entered a technical adjustment period, with both bulls and bears being cautious. **Sector Performance** ▪ The internet content and information sector showed overall mixed fluctuations, with AI and positive earnings reports supporting the performance of leading stocks. Tencent Holdings (700.HK) saw its stock price rise by 1.17%, with a trading volume of HKD 3.666 billion, as the market continued to focus on its AI cloud services and large model monetization capabilities. KUAISHOU-W (1024.HK) fell by 1.02%, with a trading volume of HKD 684 million, constrained by profit-taking pressure and concerns over intensified competition in short video e-commerce. BIDU-SW (9888.HK) rose by 0.49%, with a trading volume of HKD 558 million, boosted by a 143% surge in AI cloud revenue and a significant increase in orders for Luobo Kuaipao, as the market reassessed its autonomous driving commercialization value. ▪ The retail sector showed a mixed trend, with the market still watching for signs of consumer recovery. Alibaba-W (9988.HK) remained flat (0%), with a trading volume of HKD 3.281 billion, affected by institutions lowering net profit forecasts, leading to a strong wait-and-see sentiment among funds. JD-SW (9618.HK) rose by 0.48%, with a trading volume of HKD 252 million, benefiting from logistics barriers and the popularity of the "Spring Festival Gala economy." MNSO (9896.HK) fell by 1.05%, with a trading volume of HKD 25 million, as the market worried about a decline in post-holiday consumption data, leading to some profit-taking. ▪ The communication equipment sector overall declined, with intense capital speculation. CIG (6166.HK) plummeted by 5.34%, with a trading volume of HKD 99 million, as the stock previously surged due to the optical module concept but faced concentrated profit-taking today. ZTE (763.HK) fell by 1.53%, with a trading volume of HKD 77 million, constrained by the backdrop of an industry cycle slowdown. YOFC (6869.HK) rose against the trend by 1.48%, with a trading volume of HKD 1.389 billion, benefiting from the surge in demand for optical fibers and cables driven by global AI computing power construction, with continuous capital inflow. **Macroeconomic Background** ▪ Recently, the Hong Kong stock market has focused on verifying economic recovery, with investors closely monitoring Hong Kong's retail sales and import-export data to assess the recovery process of domestic demand and foreign trade ▪ At the same time, the unemployment rate, HSBC Manufacturing PMI, and GDP growth rate have become key indicators for measuring economic resilience and liquidity expectations, with market sentiment leaning towards a cautious wait-and-see approach regarding macro data guidance. **Popular Stocks** ▪ DRINDA (2865.HK) rose by 16.80%, with a trading volume of HKD 725 million. The photovoltaic sector has generally warmed up, with institutions pointing out that the industry chain prices have bottomed out and rebounded, and the market is optimistic about the industry's recovery expectations in 2026, with funds recognizing the valuation repair logic. ▪ STARCOIN GROUP (399.HK) rose by 30.82%, with a trading volume of HKD 16.2323 million. The company completed its name change and established a strategic shift towards blockchain and stablecoins, triggering strong speculation in the digital asset business, but caution is needed regarding speculative risks. ▪ CCOE (8286.HK) surged by 119.35%, with a trading volume of HKD 2.5498 million. Stimulated by the withdrawal of the liquidation petition and favorable debt settlement, the stock experienced a retaliatory rebound after resuming trading, with strong demand for catch-up. ▪ MAINLAND HOLD (1100.HK) rose by 25.98%, with a trading volume of HKD 4.6692 million. The company announced a profit warning, expecting annual profits to increase by no less than 75% year-on-year, with significant performance growth benefiting from order recovery and cost control, driving stock price reassessment. ▪ MANY IDEA CLOUD (6696.HK) rose by 10.81%, with a trading volume of HKD 10.8055 million. The company plans to raise funds through a rights issue to develop AI marketing models, and the market is optimistic about its potential to seize the upgrade of services amid the AI technology wave, with funds actively responding to transformation expectations. **Market Trading Volume TOP10** ▪ TENCENT (00700.HK) latest trading price HKD 518.00, up 1.17%, trading volume HKD 3.622 billion ▪ Alibaba -W (09988.HK) latest trading price HKD 143.10, up 0.07%, trading volume HKD 3.245 billion ▪ YOFC (06869.HK) latest trading price HKD 137.10, up 1.41%, trading volume HKD 1.369 billion ▪ Xiaomi Group -W (01810.HK) latest trading price HKD 34.90, down 0.80%, trading volume HKD 1.360 billion ▪ MINIMAX-WP (00100.HK) latest trading price HKD 693.00, down 12.11%, trading volume HKD 1.099 billion ▪ HSBC Holdings (00005.HK) latest trading price HKD 147.20, up 1.52%, trading volume HKD 948 million ▪ SMIC (00981.HK) latest trading price HKD 67.95, up 0.52%, trading volume HKD 900 million ▪ IM Motors (02513.HK) latest trading price HKD 508.00, down 8.72%, trading volume HKD 846 million ▪ SenseTime-W (00020.HK) latest transaction price 2.55 HKD, up 4.51%, transaction amount 816 million HKD ▪ China Construction Bank (00939.HK) latest transaction price 7.92 HKD, down 1.00%, transaction amount 788 million HKD ### 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) - [09888.HK - BIDU-SW](https://longbridge.com/en/quote/09888.HK.md) - [09988.HK - BABA-W](https://longbridge.com/en/quote/09988.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) - [06166.HK - CIG](https://longbridge.com/en/quote/06166.HK.md) - [00763.HK - ZTE](https://longbridge.com/en/quote/00763.HK.md) - [06869.HK - YOFC](https://longbridge.com/en/quote/06869.HK.md) - [02865.HK - DRINDA](https://longbridge.com/en/quote/02865.HK.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 百度第四季經調整利潤跌 42% 仍勝預期 AI 新業務佔一般收入 43% 首設股息政策 | 百度（9888）去年第四季經調整利潤 39.07 億元，按年大跌 41.8%，但好過預期。收入 327.4 億元，按年跌 4%，按季增長 5%。新 50 億美元回購計劃已獲批准，預計 2026 年首次派息。全年經調整利潤跌 31%，總收入 | [Link](https://longbridge.com/en/news/277024166.md) | | 百度電話會：AI 雲 2025 年收入達 300 億元，算力訂閲 Q4 同比增 143%，“蘿蔔快跑” 訂單狂飆 200% | 李彥宏在電話會上強調 “應用比模型更重要”，模型的價值最終需通過應用來體現。他明確百度將堅持應用驅動的發展路徑，以真實需求持續反哺和迭代模型能力。在自動駕駛方面，他對 Apollo Go 的全球規模化擴張充滿信心，並預計未來將有更多城市實現 | [Link](https://longbridge.com/en/news/277058017.md) | | 元寶 AI 除夕夜辱罵用户，官方道歉：系模型處理多輪對話時異常輸出導致 | 騰訊元寶 App 因 AI 在除夕夜生成拜年圖片時輸出辱罵性內容而引發關注。用户在多次生成指令中遭遇 AI 無故辱罵，官方對此表示歉意，稱是模型處理多輪對話時的異常輸出，並已進行校正和優化。這並非首次出現類似情況，早前也有用户反饋遭遇侮辱性 | [Link](https://longbridge.com/en/news/276877545.md) | | 阿里雲推出低價 AI 編程套餐，集成四大頂級開源模型 | 阿里雲推出低價編程工具訂閲套餐，集成 Qwen3.5、GLM-5、MiniMax M2.5、Kimi K2.5 四大開源模型 API 服務，旨在爭奪開發者市場。輕量版首月售價 7.9 元，專業版首月 39.9 元。此舉引發市場關注，尤其是在 | [Link](https://longbridge.com/en/news/276950888.md) | | 儘管百度在推動人工智能方面取得進展，但作為中國的搜索巨頭，它仍然面臨廣告支出疲軟的挑戰 | 百度（BIDU）在公佈第四季度業績後，股價下跌 4%，營收同比下降 4%，至 46.82 億美元，略高於分析師的預期。營收下降歸因於廣告支出疲軟，但人工智能雲和應用的增長幫助抵消了損失。百度每股美國存托股票的調整後收益為 1.52 美元，超 | [Link](https://longbridge.com/en/news/277056050.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.