Market Overview
On February 10, the three major indices of the Hong Kong stock market continued to show a fluctuating upward trend during the trading session, with market sentiment maintaining a mild recovery.
▪ The Hang Seng Index is currently at 27,142.49 points, up 0.43%. The index is consolidating narrowly below the previous high on January 29, with bullish funds poised to take action.
▪ The Hang Seng Tech Index is up 0.69%, at 5,455.17 points. Although it has not yet broken through the peak on January 28, the rebound during the session shows decent support.
▪ The China Enterprises Index rose 0.7% to 9,232.5 points, also approaching the resistance level at the end of January, with relatively strong performance during the day.
Sector Performance
▪ The internet content and information sector showed mixed trends, with AI competition and industry consolidation dominating market sentiment. Tencent Holdings (700.HK) fell 2.14%, with a transaction volume of HKD 11.866 billion. The company's AI application &#34;Yuanbao&#34; upgraded its red envelope feature during the Spring Festival, aiming to capture AI traffic through high-frequency social interactions. Baidu-SW (9888.HK) rose 1.13%, with a transaction volume of HKD 902 million, benefiting from industry consolidation, as market profits concentrate towards large firms. Its &#34;Wenxin Yiyan&#34; has a first-mover advantage that is expected to improve profitability. Kuaishou-W (1024.HK) rose 2.09%, with a transaction volume of HKD 2.232 billion.
▪ The retail sector saw widespread gains, with Alibaba's AI data surge boosting industry confidence. Alibaba-W (9988.HK) rose 1.39%, with a transaction volume of HKD 7.361 billion. Data shows that its &#34;Tongyi Qianwen&#34; application saw a daily active user count (DAU) surge 7.3 times to 58.48 million due to Spring Festival activities, indicating initial success in its C-end AI promotion strategy. JD-SW (9618.HK) rose 2.13%, with a transaction volume of HKD 712 million. Miniso (9896.HK) rose 1.92%, with a transaction volume of HKD 126 million.
▪ The restaurant sector performed weakly, with significant corrections among leading stocks and mixed individual stock trends. Meituan-W (3690.HK) fell 2.31%, with a transaction volume of HKD 5.014 billion. Haidilao (6862.HK) fell 2.88%, with a transaction volume of HKD 411 million. Yum China (9987.HK) rose 0.99%, with a transaction volume of HKD 220 million.
Macroeconomic Background
▪ As of February 10, 2026, the Hong Kong stock market is in a window period before the release of dense macro data. Investors are highly focused on the upcoming comprehensive CPI and three-month unemployment rate to assess inflationary pressures and employment resilience.
▪ Retail sales and import-export data will be core indicators to verify the strength of local consumption and foreign trade recovery, directly affecting market risk appetite. Currently, capital games are intensifying, awaiting substantial macro guidance to establish subsequent directions.
Popular Stocks
▪ WanKa YiLian (1762.HK) rose 18.46%, with a transaction volume of HKD 46.5572 million, with no recent news
▪ XunCe (3317.HK) fluctuated by 17.26%, with a transaction amount of HKD 39.5174 million, no recent news.
▪ JingFeng Medical -B (2675.HK) fluctuated by 11.24%, with a transaction amount of HKD 34.5966 million, no recent news.
▪ China Netcom (1920.HK) fluctuated by 21.92%, with a transaction amount of HKD 14.8636 million, no recent news.
▪ United Group (373.HK) fluctuated by 9.43%, with a transaction amount of HKD 10.6169 million, no recent news.
Market Transaction Amount TOP10
▪ Tencent Holdings (00700.HK) latest transaction price HKD 548.50, down 2.05%, transaction amount HKD 11.813 billion
▪ Alibaba -W (09988.HK) latest transaction price HKD 160.10, up 1.39%, transaction amount HKD 7.355 billion
▪ Meituan -W (03690.HK) latest transaction price HKD 88.90, down 2.36%, transaction amount HKD 5.006 billion
▪ Pop Mart (09992.HK) latest transaction price HKD 268.80, up 4.51%, transaction amount HKD 4.842 billion
▪ Changfei Optical Fiber and Cable (06869.HK) latest transaction price HKD 112.80, up 7.74%, transaction amount HKD 3.062 billion
▪ Xiaomi Group -W (01810.HK) latest transaction price HKD 35.76, up 1.59%, transaction amount HKD 2.850 billion
▪ SMIC (00981.HK) latest transaction price HKD 71.45, up 1.56%, transaction amount HKD 2.429 billion
▪ Ping An Insurance (02318.HK) latest transaction price HKD 73.45, up 0.62%, transaction amount HKD 2.333 billion
▪ Kuaishou -W (01024.HK) latest transaction price HKD 70.75, up 2.09%, transaction amount HKD 2.231 billion
▪ AIA Group (01299.HK) latest transaction price HKD 86.00, down 0.41%, transaction amount HKD 2.113 billion

On February 10th, the Hong Kong stock market showed a mild recovery in sentiment during trading, with the three major indices continuing their upward trend. The Hang Seng Index rose 0.43% to close at 27,142.49 points, and the Hang Seng Tech Index increased by 0.69%. On the market, the retail sector saw a broad increase driven by the surge in Alibaba's AI data, with Alibaba rising 1.39%. The internet content sector exhibited mixed performance, with Tencent Holdings falling 2.14% and Kuaishou rising 2.09%. On the macro front, investors are focusing on the upcoming CPI and unemployment rate data, intensifying capital speculation

- On February 10, Hong Kong's stock market indices continued to rise, with the Hang Seng Index at 27,142.49, up 0.43%.  
- The technology sector saw mixed performance as Tencent fell 2.14% amid AI competition, while Alibaba rose 1.39% due to increased user engagement from their AI application.  
- Investors are closely watching upcoming macroeconomic data, including CPI and unemployment rates, to gauge inflation and employment resilience, which could influence market direction.

Market Heartbeat

BABA-W

JD-SW

MNSO

MEITUAN

TENCENT

BIDU-SW

YUM CHINA

HAIDILAO

WANKA ONLINE

XUNCE

EDGE MEDICAL-B

CHINA WACAN

ALLIED GROUP

Hwabao CSI HK Equities Internet ETF

Harvest Hang Seng SCHK Technology ETF

E Fund CSI HK Connect Internet ETF

Alibaba

KraneShares 2x Long BABA Daily ETF

Hong Kong stocks intraday | The three major indices fluctuated upward, the retail sector rose broadly, Alibaba rose 1.39%, Tencent Holdings fell 2.14%