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On Friday, February 27, the Hong Kong Hang Seng Index opened 66.03 points higher, or 0.25%, at 26,447.05; the Hang Seng Tech Index opened 7.91 points higher, or 0.15%, at 5,117.24; the H-share Index opened 3.24 points higher, or 0.04%, at 8,817.53; and the Red Chip Index opened 2.78 points lower, or 0.06%, at 4,409.07.Baidu (09888.HK) shares fell 1.05% after the earnings release. The company’s total revenue for the fourth quarter of 2025 was RMB 32.7 billion (US$4.68 billion), a 5% increase quarter-over-quarter.Hong Kong stocks opened higher, with the Hang Seng Index up 0.25% and the Tech Index up 0.15%. The biopharmaceutical sector rebounded, with Zai Lab (09688.HK) up 4.90% after its earnings release and WuXi Biologics (02269.HK) up 4.86%.The U.S. Federal Aviation Administration closed airspace over Fort Hancock, Texas, after reports that anti-drone laser weapons had been used in the area.February 27th – On February 26th, Sun Jinlong, Secretary of the Party Leadership Group of the Ministry of Ecology and Environment, chaired a meeting of the Party Leadership Group. The meeting emphasized that the Ministry of Ecology and Environment system should accurately grasp the characteristics and patterns of basic research, and strengthen the strategic, forward-looking, and systematic layout of basic research in the field of ecology and environment. It should increase support for researchers within the Ministry system undertaking National Natural Science Foundation projects and strengthen the training of young scientific and technological talents. It should continue to organize and implement major national science and technology projects effectively, promote breakthroughs in basic scientific challenges, and provide strong scientific and technological support for advancing the construction of a beautiful China.