PANews reported on February 3rd that according to Jinshi, Hong Kong stocks rose and fell 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 bottomed out and rebounded. As of the close, the Hang Seng Index narrowed its decline to 0.04%, and the Hang Seng Technology Index rose 0.29% in late trading. Specifically, semiconductors, chips, AI concepts and other sectors rose throughout the day. Kingsoft Cloud performed well, rising 31% during the day, SMIC closed up 10%, and Alibaba rose 6%; cryptocurrency, pharmaceuticals and medical sectors continued to be sluggish in the afternoon.