HK Close | Tech And Consumption Steady; Nonferrous Metals Slump Caps HSI Gains

I. Market Overview

Hong Kong equities eked out modest gains on Feb 5 as strength in large-cap tech and consumption offset a sharp selloff in nonferrous metals. The Hang Seng Index (HSI) closed up 0.14% at 26,885.24, while the HSCEI gained 0.50% to 9,093.34. The Hang Seng Tech Index outperformed, rising 0.74% to 5,406.13. Trading was choppy: positive cues for internet platforms (including corporate actions) and resilient consumer names were countered by heavy weakness across lithium, copper and precious metals after a sharp intraday slide in global bullion and base metals, per market reports published during the session. Overall tone was defensive, with investors rotating within sectors rather than adding broad beta.

Total market turnover was solid at HKD 315.11 billion. Breadth was mixed as commodity-linked names lagged notably. Semiconductor names also underperformed, tracking intraday headlines on memory supply tightness and smartphone headwinds abroad, pressuring Hong Kong-listed chip plays.

II. Sector Performance

Large-cap Tech Stocks

Blue-chip tech was mixed to firmer: Tencent +0.09% to HKD 558.50, Alibaba +0.06% to HKD 159.60, Meituan +1.79% to HKD 93.80, JD.com +0.83% to HKD 108.80, Xiaomi +2.83% to HKD 34.92, Baidu-SW +2.70% to HKD 140.90; chip names softened with SMIC -1.89% to HKD 67.45 and Hua Hong -2.73% to HKD 99.60.

Top Performing Sectors

• Tobacco +8.99% — led by vaping-related plays; supportive flows amid rotation into defensives.

• General Merchandise Stores +6.18% — retail staples benefited from steady consumption sentiment.

• Technology Hardware, Storage & Peripherals +2.97% — selective strength in hardware names aided the tech complex.

Bottom Performing Sectors

• Diversified Metals & Mining -6.49% — miners fell broadly as metals retreated intraday.

• Copper -6.13% — base metal weakness weighed on upstream names.

• Silver -5.97% — precious metals declined sharply, dragging related equities.

III. Top 10 Gainers in Hong Kong Market Today

IV. Top 10 Losers in Hong Kong Market Today

V. Closing Summary

1. The Hong Kong market posted small gains in a sector-rotational session. By the close, the HSI added 0.14% to 26,885.24, the HSCEI rose 0.50% to 9,093.34, and the Hang Seng Tech Index climbed 0.74% to 5,406.13. Turnover of HKD 315.11 billion signals participation stayed reasonable ahead of the Lunar New Year break, though caution persisted amid commodity volatility and mixed external leads.

2. Mega-cap internet and hardware names were generally resilient. Tencent (+0.09%) and Alibaba (+0.06%) were steady; platform peers Meituan (+1.79%) and JD.com (+0.83%) outperformed; Xiaomi rose 2.83%. Baidu-SW advanced 2.70%, supported by intraday news of a new buyback and future dividend framework. In contrast, semiconductors lagged—SMIC (-1.89%) and Hua Hong (-2.73%)—as global headlines highlighted memory shortages and handset softness, weighing on chip sentiment.

3. Beyond tech, consumption and healthcare pockets saw strength: YUM China (+11.42%) and East Buy (+10.68%) led gainers, while SMOORE International (+8.99%) lifted tobacco-linked names. On the downside, resource-linked stocks dropped sharply. Newsflow during the session flagged a selloff in precious metals, and sector updates pointed to broad weakness in nonferrous metals; accordingly, Tianqi Lithium (-13.33%), Mongolian Mining (-9.98%), and new energy materials names such as CNGR (-8.95%) were among notable decliners.

4. Sector-wise, top performers included Tobacco (+8.99%), General Merchandise Stores (+6.18%), and Technology Hardware (+2.97%), reflecting defensive positioning and selective hardware demand. Bottom groups—Diversified Metals & Mining (-6.49%), Copper (-6.13%), and Silver (-5.97%)—tracked commodity price declines. Consumer names also saw supportive intraday coverage, with Pop Mart extending gains, underscoring resilient discretionary interest. No major IPOs dominated headlines today; secondary market moves set the tone.

Sources: Public market data, summarized media reports

Disclaimer: This content is for reference only and does not constitute investment advice.