Hong Kong stocks wrap up February | The Tech Index plummeted over 10%, with all tech stocks suffering losses. Changfei Fiber Optic soared 77.78%, hitting a new all-time high.

Gelonghui, February 27 — The Hong Kong stock market officially closed today after trading in February 2026. All three major indices declined, with the Hang Seng Tech Index dropping 10.15%, hitting a new low since July last year, and down more than 23% from its October high. The Hang Seng Index fell 2.76% to 26,630 points, and the China Enterprises Index dropped 4.91% to 8,858 points. Due to the Lunar New Year holiday this month, overall trading was relatively subdued.

In terms of sector performance, heavy machinery stocks, wind power stocks, shipping stocks, optical communications stocks, and coal stocks led the gains. Among them, Sany International surged nearly 31%, leading the heavy machinery sector. Zoomlion rose over 19%, and Hafei International hit a record high with a 14.55% increase during the trading session. Leading coal companies China Coal Energy rose nearly 14%, Yankuang Energy increased 22.7% to a record high, and optical communications leader Longi Fiber Optic Cable soared 77.78%, also hitting a new high. Its market value rose above HKD 123 billion. Additionally, SaaS concept stocks and software stocks declined significantly, with Kingdee International dropping 22.24%, Weimob Group falling over 20%, and China Software International down more than 15%.

In the tech star stocks, Kuaishou fell 21.58%, Baidu declined 19%, Meituan dropped 16.5%, Alibaba decreased 15.54%, and Tencent fell 15.52%, breaking below HKD 520. NetEase declined 12.59%, JD.com fell 7.12%, and Xiaomi dropped 1.69%, marking five consecutive months of decline. (Gelonghui)