Hong Kong stock market closing review: Hang Seng Index and Hang Seng Tech Index were under pressure throughout the day. Smart Platform Technology rose more than 42% intraday.

Today is the first trading day of the Year of the Horse in the Hong Kong stock market. The market was under pressure throughout the day, with the Hang Seng Index opening 48 points lower at 26,657.84 points and deepening losses in the afternoon. By the close, the Hang Seng Index fell by 1.10%, the technology index fell by 2.91%, and the total turnover of the Hang Seng Index market was 165.73 billion Hong Kong dollars. On the market, oil, artificial intelligence, and robotics concept stocks performed well throughout the day, while film and entertainment, internet healthcare, film, and technology stocks maintained a weak trend in the afternoon. In terms of individual stocks, Zhipu surged 42.72% during the day, with the stock price reaching a high of 725 Hong Kong dollars and a total market value exceeding 320 billion Hong Kong dollars. MINIMAX-WP closed up by 14.52%, with a market value also exceeding 300 billion Hong Kong dollars. JD Health and Baidu fell by over 6%, Bilibili and Alibaba fell by around 5%.