Hong Kong stocks closed for the Year of the Snake! The three major indices opened lower but finished higher, with the Hang Seng Index gaining 0.52%. Multiple AI concept stocks hit new highs since their listing.

Gelonghui, February 16 | On the last trading day of the Year of the Snake, Hong Kong's three major indices opened lower but closed higher. The Hang Seng Index rose by 0.52% to close at 26,705.94 points, the Hang Seng China Enterprises Index increased by 0.42% to 9,070.32 points, and the Hang Seng Tech Index climbed by 0.13% to 5,367.52 points. AI concept stocks surged significantly, with Zhipu rising by 4.74%, MINIMAX-WP soaring by 24.56%, and Haizhi Technology Group jumping by 29.59%, all hitting new highs since their listing. Laopu Gold and Luoyang Molybdenum gained over 6%, CATL rose more than 2%. The Hang Seng Index Company recently announced its latest quarterly review results, with the above three stocks being included as constituents of the Hang Seng Index. Meanwhile, Lingbao Gold was added to the Hang Seng Composite Index and also closed nearly 5% higher. Internet technology stocks generally rose, with Tencent Music up nearly 5%, Baidu and Midea Group both rising over 1%, and Tencent increasing by 0.19%. The semiconductor sector performed strongly, with Montage Technology surging over 14% and GigaDevice rising over 9%. Due to the Spring Festival holiday, the Hong Kong stock market only traded for half a day today and closed in the afternoon. Gelonghui wishes you prosperity, success in all your endeavors, and good fortune in the Year of the Horse!