Hong Kong Stock Market Midday Review: Hang Seng Index Rises 0.97%, Tech and Other Weighted Stocks Lead the Market

According to Jin10 Data on January 27, the Golden Dragon Index, which reflects the performance of Chinese concept stocks, rebounded by 3.7% last Friday, after the Hong Kong stock market rose by 1,001 points over two weeks. Driven by technology stocks, the Hang Seng Index rose by more than 200 points this morning, reaching its highest level since the beginning of the year. The Hang Seng Index opened 51 points higher at 20,118 points, and the gains quickly expanded, peaking at 230 points to 20,296 points, marking a one-and-a-half-month high. By the close, the Hang Seng Index was up 0.97% in the morning session, while the Tech Index rose 1.39%, with a half-day turnover of HKD 80.93 billion. On the market, sectors such as film and entertainment, SaaS concepts, and diversified retail stocks performed strongly, while tech, automotive stocks showed bright performance; home retail, electronic components, and aviation stocks declined, with semiconductor stocks significantly dropping and power equipment stocks correcting. In terms of individual stocks, SenseTime (00020.HK) and Kingsoft (03888.HK) both rose over 5%, Baidu (09888.HK) rose over 4%, Alibaba (09988.HK), Li Auto (02015.HK), and XPeng (09868.HK) all rose over 3%; Hua Hong Semiconductor (01347.HK) fell over 3.3%, while Sunny Optical Technology (02382.HK) and Semiconductor Manufacturing International Corporation (00981.HK) both fell over 2%