"Boiling" with a surge of 600 points! Major positive news, skyrocketing straight up

Hello everyone! On the last day of the Spring Festival holiday, let’s focus on the Hong Kong stock market’s morning performance and news~

On the morning of February 23, the Hong Kong stock market opened higher and continued to rise, with major indices advancing collectively. The Hang Seng Tech Index once rose over 4% intraday. By midday close, the Hang Seng Index surged by 604.53 points, a 2.29% increase; the Hang Seng Tech Index rose by 3.32%, and the Hang Seng China Enterprises Index increased by 2.5%.

In terms of sectors, Hong Kong stocks in non-ferrous metals, discretionary consumption, hardware equipment, automobiles and parts, and semiconductors all strengthened collectively, while paper industry and GEO concepts declined.

Communication Equipment Sector Gains Strength

Longfei Optical Fiber & Cable Surges Over 19%

On the morning of February 23, the Hong Kong stock market’s communication equipment sector rose. By midday, China Putian Communications Group gained over 26%, with Cambridge Technology, BYD Electronics, ZTE Corporation, and Longqi Technology all showing significant gains.

Longfei Optical Fiber & Cable surged over 19% intraday, reaching a high of HKD 133 per share.

According to Xinhua News Agency, Chinese scientists recently made breakthrough progress in optical communication and 6G fields, leading the world in achieving cross-network integration between fiber optic communication and wireless communication systems. The independently developed “fiber-wireless integrated fusion communication system” set a new record for data transmission speed. This achievement was published online in Nature on the early morning of February 19. Reviewers of Nature commented that this work “makes an important contribution to the advancement of integrated optical and terahertz communication systems.”

Additionally, recent news from “China Optical Valley” states that with the global AI technology boom and its widespread application, demand for fiber optic cables is increasing. During the 2026 Spring Festival, Longfei’s production lines across all bases maintained full capacity—machines running nonstop, personnel rotating shifts, drawing, sheathing, cabling… every process strictly controlled to meet delivery commitments.

A recent research report from Kaiyuan Securities forecasts that by 2026, the “siphon effect” of AI will be significant, and global AI may continue to resonate. Overseas, giants like Google and Meta are continuously raising their AI capital expenditure guidance. The token consumption of large models like Google Gemini has increased substantially, highlighting the positive cycle effect of AI. Domestically, leading companies such as ByteDance, Alibaba, and Tencent are entering a phase of large-scale AI computing power investment. The report is optimistic about the three core themes of “optics, liquid cooling, and domestic computing power,” and recommends focusing on AI applications, operators, satellite internet & 6G sectors.

Automobile Sector Rises Intraday

On the morning of February 23, the Hong Kong stock market’s automobile sector overall strengthened. Zhejiang Saibo surged sharply, closing the morning session up over 14%.

In the new energy vehicle sector, Seres rose over 4%, while Leap Motor, Li Auto, and NIO-SW increased over 3%, and XPeng Motors rose over 2%.

Recently, Cui Dongshu, Secretary General of the China Passenger Car Association, stated that according to Chinese customs data, last year’s mainland vehicle exports reached 8.32 million units. From a globalized full-industry chain perspective, the overseas sales of mainland-made and independent brand vehicles have exceeded 9 million units. This figure includes direct exports of independent brand vehicles, exports by international automakers’ mainland bases, KD parts assembled overseas, and sales from mainland independent brands’ overseas factories. This not only marks a phased achievement of the mainland automotive industry’s globalization but also signifies the critical transformation of the mainland’s automotive export and production system from “product going abroad” to “industry going abroad.”

(Source: China Fund News)