16th January 2025 – (Hong Kong) The Hong Kong stock market is experiencing a positive surge, following a trend observed in global markets. The Hang Seng Index opened higher by 168 points, or 0.87%, reaching 19,454 points, marking its third consecutive day of gains. Similarly, the National Enterprises Index rose by 64 points, or 0.92%, to 7,076 points, while the Technology Index increased by 59 points, or 1.37%, to 4,423 points.
Technology stocks showed strong performance, with Tencent gaining 1%, Alibaba rising by 0.1%, Meituan up by 1.5%, Xiaomi increasing by 1.4%, JD.com climbing 0.1%, and Kuaishou advancing by 1.8%.
Financial stocks also contributed to the market’s strength. HSBC Holdings saw an uptick of 1.2%, while AIA remained stable without significant movement. China Ping An rose by 0.9%, and the Hong Kong Stock Exchange gained 1.2%.
The momentum is particularly notable in the semiconductor sector, with Semiconductor Manufacturing International Corporation (SMIC) reaching a 52-week high, rising by 2.1%, and Hua Hong Semiconductor increasing by 1.5%.
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