Market Updates
AI-Linked Stocks Faced Another Down Day In Hong Kong, Mainland Indexes Raced Ahead In Year of the Horse
Li Chen
24 Feb, 2026
Hong Kong
Stocks in Hong Kong and mainland China diverged as artificial intelligence worries resurfaced.
The Hang Seng Index dropped nearly 2%, but the mainland-focused CSI 300 Index increased 1.3%.
Benchmark indexes in New York in overnight trading fell more than 1% amid worries capital-intensive artificial infrastructure investment could lead to larger-than-anticipated job losses over the next three years.
The job losses worries added to the concerns surrounding lagging returns on AI infrastructure investments, driving down market indexes in New York and Europe.
Market sentiment remained positive in mainland trading as investors returned from a weeklong holiday to celebrate Lunar New Year.
Investors bid up stocks in the hopes that export-driven companies' earnings growth is likely to surpass market expectations despite sweeping U.S. goods tariff chaos.
China Indexes and Stocks
The Hang Seng Index decreased 1.9% to 26,560.57, and the mainland-focused CSI 300 Index added 1.3% to 4,722.51.
Artificial intelligence-linked stocks led market decliners in Hong Kong trading on Tuesday.
SMIC decreased 1.7% to HK $69.90, Baidu Inc. dropped 3.1% to HK $129.10, Alibaba Group fell 2.7% to HK $147.70, and Tencent Holdings dropped 3.4% to HK $519.50.
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