The Hong Kong stock market fluctuated on the first trading day of the Year of the Snake. In the afternoon, driven by technology stocks, the Hang Seng Index and the Hang Seng Technology Index both hit bottom and rebounded. As of the close, the Hang Seng Index narrowed its decline to 0.04%, and the Hang Seng Technology Index turned up 0.29% at the end of the day. Specifically, semiconductor, chip, and AI concept sectors all rose throughout the day, with impressive performance from Kingsoft Cloud, which rose sharply by 31% during the day, and SMIC, which rose 10%. Alibaba rose 6%; however, the cryptocurrency and pharmaceutical sectors continued to be sluggish in the afternoon. (Jinshi)