Hong Kong stock market closed higher on Monday. The Hang Seng Index (HSI) rose by 1.84%, the Hang Seng China Enterprises Index (HSCEI) increased by 2.09%, the Hang Seng Tech Index (HSTECH) surged by 2.65%, and the Hang Seng China-Affiliated Corporations Index (HSCCI) climbed by 0.43%.

In terms of sectors, the internet healthcare sector saw a significant increase, with JD Health rising by 5.08%, Alibaba Health surging by 9.16%, and Ping An Healthcare and Technology increasing by 2.61%. The pharmaceutical sector also performed well, with Wuxi Biologics up by 2.35%, Fosun Pharma rising by 6.15%, and Antengene increasing by 5.19%. The paper industry stocks saw gains, with Nine Dragons Paper up by 6.39% and Lee & Man Paper rising by 1.75%. The popular tech stocks also showed strong performance, with Tencent up by 2.06%, Alibaba rising by 5.50%, and Meituan increasing by 5.58%.

Tencent rose by 2.06%. The stock's performance was supported by the overall strength in the tech sector, as the Hang Seng Tech Index has risen over 24% since its low on January 13, entering a technical bull market.

Alibaba surged by 5.50%. The stock benefited from the strong performance of tech stocks in the afternoon, with Alibaba Health rising over 9%, Alibaba itself rising over 6%, and Meituan rising over 5%.

China Mobile increased by 2.19%. The stock followed the gains of China Telecom and China Unicom, both of which rose over 5%. The Ministry of Industry and Information Technology's Operation Monitoring and Coordination Bureau released information on the 2025 Spring Festival communication business, stating that the three major telecom companies have fully integrated the DeepSeek open-source large model, helping to unleash the performance of domestic large models.

Xiaomi rose by 3.06%. The stock hit a new high, supported by active options trading in the Hong Kong market. The Hang Seng Tech Index has risen over 24% since its low on January 13, entering a technical bull market.

BYD Company saw a slight increase of 0.06%. The company announced that it would hold a strategic release event at its Shenzhen headquarters on February 10, where it is expected to unveil the "Eye of the Gods" advanced intelligent driving system. The system is planned to be standard on all models of the Qin L series, with the system being introduced to models priced below 100,000 yuan for the first time.

Meituan rose by 5.58%. The stock's performance was supported by the strong performance of tech stocks in the afternoon, with Alibaba Health rising over 9%, Alibaba itself rising over 6%, and Meituan rising over 5%.

China Telecom increased by 4.27%. The stock followed the gains of China Unicom and China Mobile, both of which rose over 5%. The Ministry of Industry and Information Technology's Operation Monitoring and Coordination Bureau released information on the 2025 Spring Festival communication business, stating that the three major telecom companies have fully integrated the DeepSeek open-source large model, helping to unleash the performance of domestic large models.

JD Health rose by 5.08%. The stock's performance was supported by the strong performance of tech stocks in the afternoon, with Alibaba Health rising over 9%, Alibaba itself rising over 6%, and Meituan rising over 5%.

Black Sesame saw a significant drop of 39.56%. The stock experienced a sharp decline of over 50% during the trading session on February 10, with its market value dropping by over HKD 6 billion. The company issued a clarification announcement, stating that it has a long-term cooperation relationship with BYD and that there have been no significant changes in this cooperation.

Dongfeng Group surged by 25.70%. The company, along with Changan Automobile, announced that their controlling shareholders are planning a restructuring, which may lead to a change in the controlling shareholder but will not affect the actual controller or the company's normal production and operation activities.

Medbot rose by 21.28%. The stock's performance was supported by the strong performance of the medical device sector, with MicroPort rising over 9.8%, Akcome Medical rising over 14%, and HeartCare Medical rising nearly 9.5%.