Hong Kong stocks open higher and continue to rise: Hang Seng Index up 2%, Hang Seng Tech Index up 3%

2026-02-23 01:52:11

Abstract generation in progress

Hong Kong stocks opened higher and continued to rise. As of the time of writing, the Hang Seng Index increased by 2%, and the Hang Seng Tech Index rose by 3%.

Technology stocks generally gained, with NetEase up over 4%, JD.com, Kuaishou, and Meituan up 3%, Alibaba and Xiaomi Group up more than 2%. Chip stocks strengthened, with Huahong Semiconductor up 4% and SMIC up over 3%.

The concept of non-ferrous metals saw a rally in Hong Kong stocks. As of the time of writing, Minmetals Resources and Lingbao Gold rose 7%, China Gold International up over 5%, Shandong Gold, Zijin Gold International, and Zijin Mining up over 4%, Lao Pao Gold up 3%. On the news front, spot and futures prices of gold and silver surged, with gold prices surpassing $5,100.

As of the time of writing, Zhipu (02513.HK) fell 13%, having dropped as much as 21% in the morning; MINIMAX-WP (00100.HK) fell 8%. On the news front, Zhipu issued an apology letter on February 21 regarding the revision of the GLM Coding Plan and announced handling and compensation plans.

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