HKEX(HK:00388) Mei Ri Jing Ji Xin Wen·2026-02-26 09:54Market Performance - The Hong Kong stock market opened high but closed significantly lower, with the Hang Seng Index ending at 26,381.02 points, down 384.70 points, a decline of 1.44% [1] - The Hang Seng Tech Index also opened high but closed at 5,109.33 points, down 151.17 points, marking a drop of 2.87%, reaching its lowest level since June 24 of the previous year [3] Stock Movements - Among the constituents of the Hang Seng Tech Index, Xpeng Motors (HK09868) fell over 5%, while Huahong Semiconductor, Bilibili, Li Auto, Baidu, Kuaishou, and Horizon Robotics dropped over 4%. Major stocks like SMIC, BYD, and Alibaba declined over 3%, and Tencent fell over 2% [5] - In contrast, wind power stocks surged, with Dongfang Electric rising by 15%, while the building materials and cement sector faced collective weakness, with Anhui Conch Cement dropping over 6% [8] Hong Kong Stock Exchange Performance - The Hong Kong Stock Exchange (HK00388) reported a revenue and other income of HKD 29.161 billion for 2025, a 30% increase from 2024, and a shareholder profit of HKD 17.754 billion, up 36% from 2024. The stock market saw a particularly active new stock financing activity, leading the global new stock market with a total financing amount of HKD 286.9 billion, more than three times that of 2024, with 119 new listings [7] Capital Flow - There was a significant net sell-off by southbound funds, with over HKD 7.3 billion in net sales of Hong Kong stocks by the end of the trading day [9] Market Outlook - According to GF Securities, as the Hang Seng Tech Index continues to decline, it reflects that the emotional suppression factors have largely been released. If positive catalysts emerge, the Hong Kong stock market may see a restoration of sentiment and a return of funds. Suggested investment opportunities include technology leaders benefiting from the AI industry trend [11]