Hong Kong stock market closed lower on Tuesday. The Hang Seng Index fell by 1.06%, the Hang Seng China Enterprises Index dropped by 1.31%, the Hang Seng Tech Index decreased by 2.73%, and the Hang Seng China-Affiliated Corporations Index declined by 1.05%.

In terms of sectors, the Hong Kong education sector saw a rise, with New Oriental-S up 2.19%. The Hong Kong Apple concept stocks also performed well, with Sunny Optical rising by 3.03%. However, the Hong Kong internet medical sector experienced a significant decline, with Alibaba Health down 4.43%. The Hong Kong semiconductor sector also faced a sharp drop, with SMIC falling by 5.21%.

Chinese bubble tea firm Guming rose more than 12% in grey market trading. Guming shares will begin trading on the Hong Kong Stock Exchange on Wednesday.

TENCENT fell by 2.20%. On February 10, a total of 22 Hong Kong stocks were repurchased by companies, with AIA, COSCO SHIPPING Holdings, and Zhuzhou CRRC Times Electric having the largest repurchase amounts of HKD 345 million, HKD 61.91 million, and HKD 31.51 million, respectively.

BABA-W decreased by 0.57%. Alibaba's stock price has surged by 29% in the past two months, nearing the high point of October 7 last year. Analysts are generally optimistic about Alibaba, citing technical signals and AI advancements that enhance its market competitiveness. However, the stock price is approaching resistance levels, which may pose challenges. Alibaba founder Jack Ma visited the Hangzhou offices of Xianyu, China's largest online marketplace for second-hand goods, as Alibaba advances its AI agenda.

HSBC HOLDINGS rose by 1.45%. On February 10, a total of 22 Hong Kong stocks were repurchased by companies, with AIA, COSCO SHIPPING Holdings, and Zhuzhou CRRC Times Electric having the largest repurchase amounts of HKD 345 million, HKD 61.91 million, and HKD 31.51 million, respectively.

BYD COMPANY fell by 0.73%. Tesla's Shanghai energy storage super factory officially started production in Lingang, Shanghai, with an expected 50% year-on-year increase in Tesla's energy system installation capacity by 2025. BYD's various models will be equipped with Hesai lidar, deepening cooperation in intelligent driving and entering mass production stages. Additionally, BYD's intelligent electronic and electrical architecture "Xuanji Architecture" will fully integrate DeepSeek's capabilities to enhance AI capabilities, providing more precise personalized services.

AIA dropped by 2.57%. On February 10, a total of 22 Hong Kong stocks were repurchased by companies, with AIA, COSCO SHIPPING Holdings, and Zhuzhou CRRC Times Electric having the largest repurchase amounts of HKD 345 million, HKD 61.91 million, and HKD 31.51 million, respectively.

LI AUTO-W fell by 5.59%. Tencent's put options surged, leading to a drop in Li Auto's stock price by over 5%, with several put options rising by about 40%. Hong Kong auto stocks generally declined, with Geely Auto falling by over 8%, and other stocks like Great Wall Motor, XPeng, and Li Auto also experiencing declines.

GEELY AUTO dropped by 10.27%. Hong Kong auto stocks fell back on February 11, with significant declines in Geely Auto, XPeng, and Great Wall Motor.

SANDS CHINA LTD fell by 5.20%. Hong Kong gaming stocks continued to decline, with Galaxy Entertainment and Sands China hitting new lows.

XPENG-W fell by 9.00%. Hong Kong auto stocks generally declined, with Geely Auto falling by over 8%, and other stocks like Great Wall Motor, XPeng, and Li Auto also experiencing declines.

GDS-SW surged by 10.70%. GDS Holdings Limited is considering an initial public offering (IPO) of its GDS International (GDSI) business in the United States, aiming to raise approximately USD 500 million.