Zhong Guo Ji Jin Bao·2026-02-26 11:44Market Performance - The Hang Seng Technology Index fell by 2.87% today, with a year-to-date decline of nearly 8% [1][2] - The Hang Seng Index closed down 1.44%, while the Hang Seng China Enterprises Index dropped by 2.44% and the Hang Seng Biotechnology Index decreased by 4.91% [2][3] - Major sectors such as large tech stocks and financials experienced collective declines, while power equipment stocks rose against the trend [2] Sector Analysis - Large tech stocks like Bilibili, NetEase Cloud Music, and Baidu saw declines exceeding 4%, while Tencent, JD.com, and Meituan dropped over 2% [4] - The performance of AI-related stocks diverged from traditional internet giants, with new AI stocks gaining attention due to their technological advancements [3] Notable Stock Movements - Power hardware concept stocks surged, led by Tensun Zhixin, which rose over 20%, and other companies like Haowei Group and Tianyue Advanced also saw gains [6][7] - Oriental Electric's stock increased by over 15%, with other power equipment companies also experiencing gains [9][10] Corporate Actions - CK Group announced the sale of its UK power grid business to French utility company Engie, realizing over HKD 110 billion [11] - Following the announcement, stocks of CK Group and its subsidiaries saw increases of over 4% [12][13] Regulatory News - The Hong Kong Securities and Futures Commission permanently banned Liu Jiahao from re-entering the industry due to serious misconduct involving unauthorized trading and forgery [14]