On February 23, Hong Kong’s three primary stock indices opened on a strong note and sustained their upward momentum throughout the day, all finishing with gains exceeding 2%. Notably, the Hang Seng Tech Index climbed 2.57%. The tech sector was a major driver of the rally, with Meituan, JD.com, and NetEase each surging more than 3%, while Alibaba and Xiaomi Corporation saw increases of over 2%. The chip industry also experienced a broad-based uptick, with Hua Hong Semiconductor advancing 4% and SMIC rising over 3%.
