Improving Sentiment Lifted Tech Stocks in China and Hong Kong Trading

Li Chen
10 Feb, 2026
Hong Kong

Bargain hunters returned in search of beaten-down tech stocks in Tuesday's trading amid improving market sentiment. 

The Hang Seng Index increased 0.4%, and the CSI 300 Index edged higher 0.01% following a 2-day rebound in tech stocks in New York. 

Technology, the Internet, and artificial intelligence-driven stocks rebounded as investors held out for higher earnings. 

The S&P 500 index and the Nasdaq Composite extended 2-day gains to over 2.5% amid receding fears of business model disruption for software services providers.  

Last week, software service providers dropped as much as 10% amid fears that the recent advances in artificial intelligence could slow down future revenue growth. 

Benchmark indexes in Japan jumped 2.5% and extended a 2-day gain over 6% after the ruling LDP party increased its seat count in the lower house of the parliament in a historic win. 

 

China Indexes and Stocks 

The Hang Seng Index gained 0.4% to 27,170.44, and the CSI 300 Index edged up 0.01% to 4,719.81.  

Alibaba Group gained 1.6% to HK $160.0, JD.com Inc. added 2.2% to HK $110.40, Tencent Holdings decreased 1.1% to HK $553.0, and Meituan declined 3.2% to HK $88.15. 

Axera Semiconductor traded at HK $28.48 after the artificial intelligence chip maker priced its offering at HK $28.20 per share. 

The system-on-chip designer raised HK $2.96 billion in gross proceeds through the sale of 104.9 million shares. 

Axera's stock struggled to advance despite the company's public offering being oversubscribed by more than 74 times during the book-building process. 

On Monday, Montage Technology soared 65% after the designer of high-speed interconnects for data centers listed its stock on the exchanges in Hong Kong and Shanghai and raised HK$7 billion.