--- title: "Hong Kong stock market intraday | The Hang Seng Index rose 0.99%, approaching the recent high, Tencent Holdings rose 2.44%, YOFC surged 9.10%" description: "As of the time of publication, the three major indices of the Hong Kong stock market are collectively strengthening during the trading session, with the Hang Seng Index approaching its recent high. Th" type: "news" locale: "en" url: "https://longbridge.com/en/news/277151397.md" published_at: "2026-02-27T06:36:03.000Z" --- # Hong Kong stock market intraday | The Hang Seng Index rose 0.99%, approaching the recent high, Tencent Holdings rose 2.44%, YOFC surged 9.10% > As of the time of publication, the three major indices of the Hong Kong stock market are collectively strengthening during the trading session, with the Hang Seng Index approaching its recent high. The internet sector is performing well, with Tencent Holdings leading the way due to strategic adjustments and positive data from the Spring Festival, while Alibaba is rising on expectations for its cloud business. The telecommunications equipment sector is showing divergence, with YOFC reaching a historical high due to demand for AI computing power and inclusion in the MSCI Index. Market sentiment is relatively positive, with funds focusing on macroeconomic recovery and corporate performance **Market Overview** As of the time of writing, the three major indices of the Hong Kong stock market have collectively strengthened during the trading session, maintaining a high-level oscillation pattern. ▪ The Hang Seng Index rose 0.99% to 26,641.7 points, approaching the peak of February 25, with strong support from bulls. ▪ The Hang Seng Tech Index increased by 0.88% to 5,154.08 points, still in a strong consolidation range from a technical perspective. ▪ The China Enterprises Index rose 0.69% to 8,874.95 points. Overall, major indices have gently rebounded after digesting recent profit-taking, with market sentiment leaning towards positivity. **Sector Performance** ▪ The internet content and information sector generally rose, with buybacks, dividends, and strategic adjustments boosting market sentiment. Leading stock Tencent Holdings increased by 2.44%, with a trading volume of HKD 9.459 billion. The company announced the closure of overseas studios to focus on its strengths, coupled with a significant increase in transaction volume of WeChat mini-programs during the Spring Festival, validating its overseas potential; Alibaba rose 1.19%, with the market optimistic about its "Cloud + AI" strategy leading to valuation reconstruction and continued buying from southbound funds; Baidu rose 0.65%, benefiting from a USD 5 billion buyback plan and growth in monthly active data for its Wenxin assistant. ▪ The retail sector overall strengthened, driven by AI expectations and valuation recovery boosting leading performances. JD.com rose 0.77%, as the company launched the "Billion Supermarket" channel and plans to invest over HKD 20 billion in subsidies to solidify its core competitiveness; Miniso fell 0.66%, despite the company's continuous share buybacks showing management confidence, but the stock price remains volatile in the short term. ▪ The communication equipment sector showed mixed trends, with funds focusing on AI computing power logic. YOFC surged 9.10% to reach a historical high, mainly benefiting from its inclusion in the MSCI China Index and the construction of AI data centers driving fiber optic prices up; Cambridge Technology fell 4.38%, influenced by JP Morgan reducing its holdings by about 630,000 shares, leading to a cautious market sentiment in the short term. **Macroeconomic Background** ▪ Recently, the focus of the Hong Kong stock market has been on macroeconomic recovery and improved liquidity conditions. Investors are closely monitoring Hong Kong's retail sales data, unemployment rate, and GDP growth rate to assess local economic resilience. ▪ With adjustments in expectations for the Federal Reserve's monetary policy, changes in foreign exchange reserves and exchange rate stability are also key variables. ▪ The performance of manufacturing PMI data will further reveal economic vitality, with the market expecting more favorable policies to boost confidence. Currently, key indicators of focus include the unemployment rate, CPI, and retail sales. **Popular Stocks** ▪ Starry Chain Group (399.HK) rose 33.96%, with a trading volume of HKD 36.0316 million. The company received a notification of suspension from the Stock Exchange and has applied for a review, with regulatory uncertainties causing heightened market attention and speculative trading leading to significant price fluctuations. ▪ Great Wall Microelectronics (8286.HK) surged 187.10%, with a trading volume of HKD 6.2257 million. The shares recorded extreme volatility after resuming trading, with a massive single-day increase, mainly driven by the resumption news and speculative market funds **Market Trading Volume TOP10** ▪ Tencent Holdings (00700.HK) latest trading price HKD 523.50, up 2.25%, trading volume HKD 9.433 billion ▪ Alibaba -W (09988.HK) latest trading price HKD 144.70, up 1.19%, trading volume HKD 6.708 billion ▪ YOFC (06869.HK) latest trading price HKD 147.10, up 8.80%, trading volume HKD 3.531 billion ▪ Xiaomi Group -W (01810.HK) latest trading price HKD 34.96, down 0.63%, trading volume HKD 2.377 billion ▪ MINIMAX-WP (00100.HK) latest trading price HKD 735.50, down 6.72%, trading volume HKD 2.121 billion ▪ SenseTime -W (00020.HK) latest trading price HKD 2.54, up 4.10%, trading volume HKD 2.093 billion ▪ Meituan -W (03690.HK) latest trading price HKD 81.70, up 1.55%, trading volume HKD 2.028 billion ▪ HSBC Holdings (00005.HK) latest trading price HKD 147.00, up 1.38%, trading volume HKD 1.885 billion ▪ SMIC (00981.HK) latest trading price HKD 68.05, up 0.67%, trading volume HKD 1.830 billion ▪ Kuaishou -W (01024.HK) latest trading price HKD 63.05, down 0.86%, trading volume HKD 1.817 billion ### Related Stocks - [06869.HK - YOFC](https://longbridge.com/en/quote/06869.HK.md) - [06166.HK - CIG](https://longbridge.com/en/quote/06166.HK.md) - [09618.HK - JD-SW](https://longbridge.com/en/quote/09618.HK.md) - [09988.HK - BABA-W](https://longbridge.com/en/quote/09988.HK.md) - [00700.HK - TENCENT](https://longbridge.com/en/quote/00700.HK.md) - [09888.HK - BIDU-SW](https://longbridge.com/en/quote/09888.HK.md) - [09896.HK - MNSO](https://longbridge.com/en/quote/09896.HK.md) - [00399.HK - STARCOIN GROUP](https://longbridge.com/en/quote/00399.HK.md) - [08286.HK - CCOE](https://longbridge.com/en/quote/08286.HK.md) - [BABA.US - Alibaba](https://longbridge.com/en/quote/BABA.US.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) | | 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) | | 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) | | 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) | | 百度 AI 雲 2025 年營收 300 億元 | 百度預計 2025 年 AI 雲營收將達到 300 億元，四季度基於訂閲的 AI 高性能計算設施收入同比增長 143%。此外，百度智能雲在 2025 年大模型相關中標項目數和金額上均位居第一，連續兩年成為雲廠商中標項目數和金額最多者。 | [Link](https://longbridge.com/en/news/277047146.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.