Hong Kong Stocks Midday Review | Hang Seng Index rises 2.29% in the morning session, optical communication concept leads the gains

LootboxPhobia · 2026-02-23T05:24:46+00:00

Hong Kong Hang Seng Index rose by 2.29%, with notable performance in optical communication and precious metals concept stocks, Changfei Fiber Optic surged by 15.77%. Tech stocks generally rebounded, with Meituan up over 6%. Lithium industry stocks strengthened, Ganfeng Lithium rose by over 8%. Market trading was active, and overall sentiment was positive.

LootboxPhobia

2026-02-23 05:24:46

Abstract generation in progress

Hong Kong Stock Market News: The Hang Seng Index rose 2.29%, up 604 points to 27,017; the Hang Seng Tech Index increased by 3.32%. Early trading volume was HKD 106.5 billion.

Optical communication concept stocks led the gains. Key companies in Optical Valley continued working through the Spring Festival, with AI high-speed optical module orders booked into Q4. Long Fiber Optical Cable (06869) rose 15.77%; HuiJu Technology (01729) gained over 5%; Cambridge Technology (06166) increased by 7%.

Worley Nuclear Materials (09981) rose 6.96%, added to the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect securities list, as demand for high-speed copper cables is rapidly increasing.

Precious metals sector advanced. Gokong Gold Group (03939) surged over 6% to a new all-time high, with an estimated full-year net profit up to 1.6 times year-over-year; Zijin Gold International (02259) increased over 7%.

Tech stocks rebounded across the board. Meituan-W (03690) rose over 6%, with institutions suggesting AI investments may enter the second half of the industry trend.

Alibaba-W (09988) gained over 3.5%, with Alibaba Cloud adding support for four programming models including Qwen3.5-Plus and launching low-cost subscriptions.

Hua Hong Semiconductor (01347) rose over 4%, with analysts expecting the company’s new 12-inch wafer fab Fab9A to reach maximum capacity this year.

Biren Technology (06082) surged over 8%, having completed adaptation for multiple leading domestic AI large models.

Kinpo Electronics (01888) hit a new high, rising nearly 5%, with full-year net profit expected to exceed HKD 2.39 billion, an increase of over 80% year-over-year.

Lithium industry stocks strengthened during the session. Ganfeng Lithium (01772) rose over 8%, with UBS significantly raising its domestic lithium price forecasts.

Heptagon Medical (02142) increased over 5%, with a new generation CTLA-4 antibody going overseas, potentially exceeding USD 1.2 billion in total.

Xunce (03317) surged over 9% to a new high, with expectations to join the Hong Kong Stock Connect next month, as the strategic value of data flow is re-evaluated.

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