STOCKS | Hong Kong's Hang Seng Index Declines Amid Market Volatility

On February 26, the Hang Seng Index opened over 200 points higher, gaining nearly 1% before quickly reversing to a decline, according to Jin10. By midday, the index had fallen 0.39% to 26,661.20 points, while the Hang Seng Tech Index dropped 1.65% to 5,173.65 points. The market turnover reached HKD 130.935 billion. In sector performance, the power, optical communication, and commercial aerospace sectors led gains, while lithium battery and biopharmaceutical sectors experienced declines. Technology stocks showed weak performance. Among individual stocks, CK Asset Holdings (01113.HK) rose 2.32%, CK Hutchison Holdings (00001.HK) increased by 3.79%, and Power Assets Holdings (00006.HK) gained 5.3%. The gains followed news of CK Hutchison's sale of its UK power grid business, netting over HKD 110 billion. Yangtze Optical Fibre and Cable (06869.HK) rose 4.65%, while Contemporary Amperex Technology (03750.HK) fell 5.53%, and WuXi AppTec (02359.HK) declined 1.9%.