Hong Kong Stock Market Mid-Review: Hang Seng Index closed down 1.06%, restaurant consumption stocks performed strongly

According to Jinshi Data on February 27, U.S. stocks closed mixed overnight, while the China Golden Dragon Index strengthened again. Hong Kong stocks showed a fluctuating performance this morning; after the Hang Seng Index broke through the 24,000 mark, it quickly plunged over 200 points. The Hang Seng Index opened down 4 points at 23,783 points, quickly surged after the opening, rising as much as 288 points to a high of 24,076 points, setting a new three-year high, but then plummeted and turned negative, at one point dropping 256 points to a low of 23,531 points. By the close, the Hang Seng Index was down 1.06% in the morning session, the Tech Index was down 2.5%, and the total market turnover of the Hang Seng Index expanded to HKD 234.96 billion. On the market, supermarket and convenience store, battery, and heavy machinery stocks performed strongly, while restaurant consumption stocks showed bright performance; domestic property management and dairy stocks strengthened for two consecutive days. Computer equipment, SaaS concept, and Chinese brokerage stocks declined, while film and entertainment and internet healthcare stocks adjusted again, and telecommunications equipment stocks plummeted. In terms of individual stocks, Nio (09866.HK) rose over 8%, HAIDILAO (06862.HK) rose over 6.5%, Mengniu Dairy (02319.HK) and Geely Automobile (00175.HK) both rose over 4%; China Unicom (00762.HK) and Xiaomi Group (01810.HK) both fell over 7.5%, Lenovo Group (00992.HK) and Alibaba Health (00241.HK) fell 5%, China Galaxy (06881.HK) fell over 7%, and CICC (03908.HK) fell nearly 6%