On the first trading day of the Year of the Snake in Hong Kong's stock market, the Hang Seng Index and Hang Seng Tech Index experienced a rebound from earlier lows. By midday, the Hang Seng Index had declined by 0.74%, while the Hang Seng Tech Index was down 0.67%. Stocks related to AI concepts shone brightly, with Kingsoft Cloud soaring over 34%, Fourth Paradigm advancing over 11%, and SMIC climbing nearly 8%.
