Sudden market adjustment, Hong Kong stocks rose and fell

February 13th news, today's market has seen another dramatic scene, Hong Kong stocks soared intraday, the Hang Seng Index once rose nearly 3%; Hang Seng Technology Index once rose more than 4%, hitting a new high in three years. But near the end of the session, the Hang Seng Index and Hang Seng Technology Index both turned down. Some analysts say that the rise of Chinese artificial intelligence startup DeepSeek has triggered the market's pursuit of potential services and application beneficiaries brought about by China's progress in the field of big language models, driving the relatively cheap valuation of technology stocks to surge. Ma Lei, Invesco's chief investment officer for Chinese mainland and Hong Kong, said in the report: "When the market reassesses China's innovation capabilities and corporate earnings growth after AI breakthroughs, there may be opportunities for valuation revaluation, especially for Chinese stocks listed in Hong Kong, whose valuations are more attractive and have strong revaluation potential." < b > However, some analysts said that in the context of the Hang Seng Technology Index breaking through new highs and the Hang Seng Index approaching new highs, it is necessary to beware of the staged decline caused by the selling pressure above. In addition, it is normal for the stock index to adjust after the rapid surge of Hong Kong stocks.