--- title: "Hong Kong stock market closing | Hang Seng Index rose 0.95%, stabilizing at 26,600 points, YOFC surged 10.06%, Tencent rose 1.17%" description: "On February 27th, all three major indices of the Hong Kong stock market closed higher, with the Hang Seng Index rising 0.95% to 26,630.54 points, indicating a moderate recovery in market sentiment. Se" type: "news" locale: "en" url: "https://longbridge.com/en/news/277163329.md" published_at: "2026-02-27T08:22:02.000Z" --- # Hong Kong stock market closing | Hang Seng Index rose 0.95%, stabilizing at 26,600 points, YOFC surged 10.06%, Tencent rose 1.17% > On February 27th, all three major indices of the Hong Kong stock market closed higher, with the Hang Seng Index rising 0.95% to 26,630.54 points, indicating a moderate recovery in market sentiment. Sector performance was mixed; boosted by demand for AI computing power, Longbridge surged 10.06%, while Cambridge Technology fell 8.28%. Large tech stocks showed varied performance, with Tencent Holdings up 1.17%, Kuaishou down 1.18%, and Alibaba slightly down 0.07%. The current market is in a data vacuum period, with funds maintaining high-level fluctuations and consolidating, awaiting further guidance from macro policies **Market Overview** On February 27, Hong Kong stocks closed higher across the board, with the three major indices ending a short-term adjustment, and market bullish sentiment showing a mild recovery. Although none of the indices broke through the recent peak set on February 25 this week, they maintained a consolidation phase in the high range, indicating a decent level of market support. ▪ The Hang Seng Index closed up 0.95%, at 26,630.54 points. The index performed steadily during the day, stabilizing and rebounding. Although it did not refresh the previous high, it has recovered most of the technical levels, demonstrating strong resilience against declines. ▪ The Hang Seng Tech Index rose 0.56%, closing at 5,137.84 points. The technology sector showed relatively mixed performance, with the index finding support above 5,100 points and continuing in a phase of consolidation. ▪ The China Enterprises Index increased by 0.51%, closing at 8,859.49 points. The performance of heavyweight blue-chip stocks was stable, driving the index to rebound in line with the broader market, maintaining a range-bound oscillation pattern. **Sector Performance** ▪ The internet content and information sector showed mixed performance, influenced by regulatory sentiment and the commercialization process of AI. Tencent Holdings (700.HK) rose 1.17%, with a trading volume of HKD 16.776 billion. Despite facing adjustments in institutional ratings, it performed steadily around HKD 530. Kuaishou-W (1024.HK) fell 1.18%, with a trading volume of HKD 2.701 billion, suppressed by potential content regulation and AI safety risks, limiting bullish sentiment. Baidu-SW (9888.HK) rose 0.24%, with a trading volume of HKD 2.505 billion, maintaining a narrow range of oscillation. ▪ The retail sector oscillated narrowly as the market digested macro data and corporate strategic adjustments. Alibaba-W (9988.HK) fell 0.07%, with a trading volume of HKD 12.742 billion. Although investments in AI e-commerce infrastructure are showing results, fluctuations in macro consumption data remain a major disruptive factor. JD-SW (9618.HK) rose 0.38%, with a trading volume of HKD 1.21 billion, maintaining defensive resilience in core home appliances and 3C categories. Miniso (9896.HK) fell 0.22%, with its spin-off listing plan still in progress. ▪ The communication equipment sector showed polarized performance among individual stocks, with both AI computing power demand driving growth and cost concerns persisting. Yangtze Optical Fibre and Cable (6869.HK) surged 10.06%, with a trading volume of HKD 9.101 billion, driven by a surge in demand for high-performance optical fibers from AI computing centers and shareholder share transfers, eliciting a strong market response. In contrast, Cambridge Technology (6166.HK) plummeted 8.28%, with a trading volume of HKD 314 million, as the market worried about its optical module gross margin being squeezed by cost pressures and liquidity rumors. ZTE Corporation (763.HK) fell 1.09%, attempting to reduce costs and improve efficiency through supply chain management. **Macroeconomic Background** ▪ As of February 27, 2026, there has been a recent lack of macro data releases for Hong Kong stocks, leading the market into a data vacuum period. The current focus has shifted to the return of liquidity after the holiday and corporate earnings expectations. In the absence of key data guidance such as CPI, investors are closely monitoring the direction of the Federal Reserve's monetary policy and the implementation of growth stabilization policies in the mainland, with valuation recovery and risk aversion sentiment becoming the main themes in the short term **Popular Stocks** ▪ Star Chain Group (399.HK) rose 63.52%, with a trading volume of HKD 72.3717 million. Driven by the overall rebound of technology stocks, AI and blockchain-related concepts attracted capital, coupled with expectations of business transformation after the company's name change, pushing the stock price to strengthen continuously. ▪ Great Wall Microelectronics (8286.HK) rose 154.84%, with a trading volume of HKD 7.5356 million. It reached a 52-week high of HKD 0.48 during the session. As a manufacturer of optical fiber components, it may be significantly influenced by rumors of technological breakthroughs in the industry or capital speculation. ▪ Shengneng Group (2459.HK) rose 21.70%, with a trading volume of HKD 16.1734 million. The market's recent improvement in demand expectations for graphite electrodes and upstream materials in new energy has driven the valuation recovery of the stock, and this rebound is seen as a technical correction after an oversold condition. ▪ Feida Holdings (1100.HK) rose 21.26%, with a trading volume of HKD 7.6801 million. The company released a positive profit forecast, expecting annual profits of no less than HKD 100 million, with a year-on-year increase of over 75%, mainly benefiting from order transfers to the Bangladesh factory and improved production efficiency. ▪ Yuanli Holdings (1933.HK) rose 56.64%, with a trading volume of HKD 2.8682 million. The stock price experienced a dramatic reversal, strongly rebounding from a recent downward trend, possibly due to capital rotation speculation within the segmented technology sector. **Market Trading Volume TOP10** ▪ Tencent Holdings (00700.HK) latest trading price HKD 518.00, up 1.17%, trading volume HKD 16.776 billion ▪ Alibaba -W (09988.HK) latest trading price HKD 142.90, down 0.07%, trading volume HKD 12.742 billion ▪ Yangtze Optical Fibre and Cable (06869.HK) latest trading price HKD 148.80, up 10.06%, trading volume HKD 9.101 billion ▪ SenseTime -W (00020.HK) latest trading price HKD 2.56, up 4.92%, trading volume HKD 8.054 billion ▪ Xiaomi Group -W (01810.HK) latest trading price HKD 34.90, down 0.80%, trading volume HKD 4.764 billion ▪ Meituan -W (03690.HK) latest trading price HKD 81.15, up 0.87%, trading volume HKD 3.462 billion ▪ Ping An Insurance (02318.HK) latest trading price HKD 68.00, up 0.22%, trading volume HKD 2.703 billion ▪ Kuaishou -W (01024.HK) latest trading price HKD 62.85, down 1.18%, trading volume HKD 2.701 billion ▪ HSBC Holdings (00005.HK) latest trading price HKD 147.30, up 1.59%, trading volume HKD 2.656 billion ▪ MINIMAX-WP (00100.HK) latest transaction price is HKD 763.50, down 3.17%, with a transaction amount of HKD 2.599 billion ### Related Stocks - [601869.CN - YOFC](https://longbridge.com/en/quote/601869.CN.md) - [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) - [06869.HK - YOFC](https://longbridge.com/en/quote/06869.HK.md) - [00763.HK - ZTE](https://longbridge.com/en/quote/00763.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) | | 飛達帽業柬埔寨新廠明年 6 月投產 預期今年訂單量增三成 | 飛達帽業副主席顏寶鈴表示，公司在柬埔寨的新廠將於明年 6 月投產，預計今年訂單量增長 30%。新廠初期投資約 1 億元，目標三年內回本。公司已在墨西哥、孟加拉及深圳佈局工廠，以分散風險。柬埔寨的零關税優勢將助力拓展海外市場。飛達控股預計 2 | [Link](https://longbridge.com/en/news/277167033.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) | | 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) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.