---
title: "The Hang Seng Index rose 1.97% in the half-day, Sun Hung Kai Properties surged 6.8%, New World Development increased by 2.7%, and ATM rose by 1% to 2.8% | Hong Kong stock market opens"
description: "The Hang Seng Index opened 66 points higher this morning, reaching a maximum increase of 225 points, closing at 26,578 points, up 197 points or 0.75%. Sun Hung Kai Properties surged 6.8% in the half-d"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/277140752.md"
published_at: "2026-02-27T04:26:04.000Z"
---

# The Hang Seng Index rose 1.97% in the half-day, Sun Hung Kai Properties surged 6.8%, New World Development increased by 2.7%, and ATM rose by 1% to 2.8% | Hong Kong stock market opens

> The Hang Seng Index opened 66 points higher this morning, reaching a maximum increase of 225 points, closing at 26,578 points, up 197 points or 0.75%. Sun Hung Kai Properties surged 6.8% in the half-day session, declaring an interim dividend of HKD 0.98, with several investment banks raising their target prices. New World Development rose 2.76%, and Cheung Kong Holdings increased by 1.95%. CK Hutchison fell 2.39% due to the termination of its Panama port concession. Technology stocks generally rose, with Tencent up 2.83% and MEITUAN up 2.05%. U.S. tech stocks were affected by a significant drop in NVIDIA, with the three major indices showing mixed performance

The Hang Seng Index opened 66 points higher this morning and fluctuated upwards, rising a maximum of 225 points to a high of 26,606 points; it closed at 26,578 points at noon, up 197 points or 0.75%, with a turnover of HKD 121.827 billion. The Tech Index rose 52 points or 1.03% to 5,162 points.

New World Development (016) surged 6.8% at noon, closing at HKD 145.6. New World announced yesterday that its interim underlying profit rose 16.7%, with an interim dividend of HKD 0.98, a year-on-year increase of 3%; following the results, Citigroup, Goldman Sachs, and Crédit Lyonnais raised their target prices to HKD 148, HKD 164, and HKD 168, respectively.

Other local property stocks also performed well, with New World (017) up 2.76%; Cheung Kong (1113) up 1.95%; and Henderson Land (012) up 1.22%.

CK Hutchison (001) fell 2.39%, making it the worst-performing blue chip. The company announced last night that, following the forced entry and takeover of the terminal by representatives of the Panamanian government, the concession rights of its Panama Ports Company (PPC) were deemed terminated as of the 23rd of this month.

Tech stocks generally rose, with Tencent (700) up 2.83%; Meituan (3690) up 2.05%; Alibaba (9988) up 1.04%; NetEase (9999) up 2.8%; Baidu (9888) and JD.com (9618) both up about 0.7%; Xiaomi (1810) fell 0.34%.

———

0930: NVIDIA's sharp decline dragged down U.S. tech stocks, with the three major indices showing mixed developments on Thursday. The Nasdaq fell by 2% at one point, and the Dow Jones briefly turned negative. The Dow closed up 17 points or 0.03% at 49,499 points; the S&P 500 fell 37 points or 0.54% to 6,908 points; the Nasdaq fell 273 points or 1.18% to 22,878 points; the Golden Dragon Index, which reflects the performance of Chinese concept stocks, fell 1.78% to 7,411 points.

NVIDIA dropped by 5%, marking the third consecutive time it has fallen after reporting results that exceeded market expectations. Chip peers also declined, with Micron, Broadcom, and AMD all falling over 3%.

The Hang Seng Index opened 66 points higher, starting at 26,447 points. Tech stocks showed mixed developments, with Meituan (3690) up 0.68%; Tencent (700) down 0.29%; Xiaomi (1810) down 0.79%; and Alibaba (9988) unchanged.

Baidu (9888) fell 1%, with its adjusted profit for the fourth quarter of last year down 41.8% year-on-year, but better than expected. Chow Tai Fook (659) reported a net profit of HKD 1.334 billion for the half-year, a year-on-year increase of 15.3%, with its stock price opening down 1.2%.

HSBC (005) and AIA (1299) both rose 1.2%. WuXi Biologics (2269) rebounded 4.8%.

Regarding the northbound capital flow, on Thursday, southbound funds net sold HK stocks worth HKD 7.366 billion. Meituan (3690), Dongfang Electric (1072), and Xiaomi (1810) saw net purchases of HKD 311 million, HKD 125 million, and HKD 18.35 million, respectively; while CNOOC (883), Alibaba (9988), and Yangtze Optical Fibre and Cable (6869) faced net sales of HKD 894 million, HKD 888 million, and HKD 625 million, respectively

### Related Stocks

- [03690.HK - MEITUAN](https://longbridge.com/en/quote/03690.HK.md)
- [00825.HK - NWDS CHINA](https://longbridge.com/en/quote/00825.HK.md)
- [00700.HK - TENCENT](https://longbridge.com/en/quote/00700.HK.md)
- [00017.HK - NEW WORLD DEV](https://longbridge.com/en/quote/00017.HK.md)

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