Hong Kong Stock Market Highlights
Hong Kong market opened higher and extended gains. Technology stocks broadly advanced, with Xiaomi climbing over 3%, Meituan rising nearly 3%, and NetEase and Baidu both gaining over 1%.
Real estate stocks rallied as Country Garden shares soared more than 23% upon resuming trading. Semiconductor stocks led gains, with SMIC jumping over 7%, while Apple-related stocks also posted strong performance, with Sunny Optical surging over 5%.
Real Estate Stocks Lead Gains: Country Garden shares surged more than 23% following their resumption of trading. The company announced it has met all conditions for reinstatement, with trading officially resuming at 9 a.m. on January 21.
To address liquidity pressures and improve its financial position, the company outlined plans, including proactive debt management measures and integrating repayment obligations into its annual cash flow projections to navigate temporary financial challenges.
Technical Analysis of Hong Kong Stock Market
Market Recap
- Hang Seng Index: +1.12% to 20,149.36 points
- Hang Seng Tech Index: +2.49% to 4,710.9 points
- Hang Seng China Enterprises Index: +1.32% to 7,331.03 points
A50 & China A-Share Market Highlights
Mainland China’s A-share indices opened higher, briefly dipped, and then rebounded. Total turnover across the Shanghai, Shenzhen, and Beijing stock exchanges reached 783.65 billion yuan, with 3,502 stocks declining, 1,786 rising, and 172 unchanged.
Sector Highlights
Advancing sectors included SOC chips, ByteDance hardware, Bluetooth audio SoC chips, Pancake optics (foldable light paths), MR (mixed reality) production and equipment, communication chips, smart packaging, black box technology, robotic dogs, and routers. On the downside, sectors such as water heaters, Xiaohongshu (Red Book)-related stocks, women’s apparel, conductive agents, basic education, water pumps, silicon wafers, TOPCon solar cells, engineering services, and neodymium-iron-boron magnets posted losses.
Technical Analysis of China Market
Market Recap
- Shanghai Composite Index: +0.17% to 3,249.85 points
- Shenzhen Component Index: +0.54% to 10,311.81 points
- ChiNext Index: +0.32% to 2,111.5 points
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Disclaimer
This information contained in this blog is for general reference only and is not intended as investment advice, a recommendation, an offer, or an invitation to buy or sell any financial instruments. It does not consider any specific recipient’s investment objectives or financial situation. Past performance references are not reliable indicators of future performance. D Prime and its affiliates make no representations or warranties about the accuracy or completeness of this information and accept no liability for any losses or damages resulting from its use or from any investments made based on it.
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