--- title: "Pre-market, February 12, 2026" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/38690303.md" description: "Today (February 12), Hong Kong stocks closed lower dragged down by tech stocks, while A-shares saw indices rise but most individual stocks fell; US stock pre-market saw the storage concept continue its strong momentum. A specific summary is as follows: 🇭🇰 Hong Kong Stocks: Tech stocks sold off, semiconductors hit new highs against the trend. · Index performance: The Hang Seng Index fell 0.86% (27,032 points, ending a three-day winning streak), the Hang Seng Tech Index fell 1.65%, with a turnover of HK$238.7 billion. · Core logic: Tech stocks collectively fell sharply (Tencent/Alibaba/Meituan down 2%-4%). There are three main reasons: ① Regulatory disturbance (Beijing interviewed 12 train ticket sales platforms); ② Risk-averse capital withdrawal ahead of the long holiday; ③ Siphoning effect from Japanese and Korean stock markets..." datetime: "2026-02-12T12:15:54.000Z" locales: - [en](https://longbridge.com/en/topics/38690303.md) - [zh-CN](https://longbridge.com/zh-CN/topics/38690303.md) - [zh-HK](https://longbridge.com/zh-HK/topics/38690303.md) author: "[秋天里一把火](https://longbridge.com/en/profiles/22876329.md)" --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/topics/38690303.md) | [繁體中文](https://longbridge.com/zh-HK/topics/38690303.md) # Pre-market, February 12, 2026 Today (February 12), Hong Kong stocks closed lower dragged down by tech stocks, while A-shares saw indices rise but most individual stocks fell; US stock pre-market saw the storage concept continue its strong momentum. A detailed summary is as follows: 🇭🇰 Hong Kong Stocks: Tech Stocks Sell Off, Semiconductors Hit New Highs Against the Trend · Index Performance: The Hang Seng Index fell 0.86% (27,032 points, ending a three-day winning streak), the Hang Seng TECH Index fell 1.65%, with turnover at HK$238.7 billion. · Core Logic: Tech stocks collectively sold off (Tencent/Alibaba/Meituan down 2%-4%). Main reasons: ① Regulatory concerns (Beijing summoned 12 train ticket sales platforms); ② Risk-averse capital retreating ahead of the long holiday; ③ Siphoning effect from Japanese and Korean stock markets. · **Strongest Theme: AI and Semiconductors. Zhipu released the GLM-5 model, its stock price surged over 40% at one point; domestic GPU maker Tianshu Zhixin and memory chipmaker GigaDevice surged over 20%.** Morgan Stanley is bullish on AI-driven memory recovery. 🇨🇳 A-Shares: Red Indices Mask Widespread Stock Declines, CPO Outbreak · Indices and Volume: The Shanghai Composite Index rose slightly by 0.05%, the ChiNext Index rose 1.32%, and the STAR Composite Index rose 1.56%. Turnover expanded to 2.16 trillion yuan (up 159.7 billion yuan). · Extreme Divergence: Indices rose but over 3,200 stocks fell, with only about 2,100 rising. **CPO/optical modules led gains (Tianfu Communication hit a record high)**; film and cinema stocks plunged (Hengdian/Bona hit limit-down), consumption/retail remained sluggish. 🇺🇸 US Stock Pre-Market (as of 17:30): Storage Stands Alone · **Storage Concept: SanDisk rose over 6%, Micron rose nearly 4%, Western Digital/Seagate rose nearly 3%. Catalyst: AI demand drives Kioxia's profit guidance far exceeding expectations.** · Individual Stock Moves: Cisco plunged nearly 8% (post-earnings); AppLovin fell over 5%; QuantumScape fell over 10%; Rollins fell over 13%. ### Related Stocks - [Cisco Systems, Inc. (CSCO.US)](https://longbridge.com/en/quote/CSCO.US.md) - [Sandisk Corporation (SNDK.US)](https://longbridge.com/en/quote/SNDK.US.md) - [QuantumScape Corporation (QS.US)](https://longbridge.com/en/quote/QS.US.md) - [Rollins, Inc. (ROL.US)](https://longbridge.com/en/quote/ROL.US.md) - [ILUVATAR COREX (09903.HK)](https://longbridge.com/en/quote/09903.HK.md) - [Micron Technology, Inc. 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