The Hong Kong stock market's "opening day" saw an increase of over 450 points in the early stages, rising above the 26,000 mark. Wall Street's first listing was hotly traded, with Hua Hong rising nearly 10%

On the first trading day of 2026, Hong Kong stocks opened higher, with the Hang Seng Index opening up 86 points or 0.3% at 25,717 points this morning (January 2). The initial gains expanded, recovering the 26,000 mark, reaching a high of 26,098 points with an increase of 467 points, and the latest report is 26,085 points, up 454 points or nearly 1.8%, with a turnover of HKD 44.891 billion. The mainland A-shares are closed, resuming trading next Monday (5th).

The first domestic GPU stock, Wallen (06082.HK), debuted today, opening at HKD 35.7, up 82% from the listing price of HKD 19.6. It peaked at HKD 42.88, about 1.18 times the listing price, and the latest report is HKD 37.2, nearly 90% higher than the listing price, with a turnover of HKD 3.488 billion.

Hua Hong (01347.HK) finalized its A-share issuance to raise RMB 7.556 billion, acquiring Hualiwei at a low cost excluding cash. The stock opened flat at HKD 74.3, then surged, with the latest report at HKD 81.5, up 9.7%, with a turnover of HKD 759 million. SMIC (00981.HK) opened flat at HKD 71.45, then expanded its gains, currently up nearly 5% at HKD 75, with a turnover of HKD 1.027 billion.

Major tech stocks performed well, with Baidu-SW (09888.HK) opening up 0.5% and then expanding its gains, currently at HKD 141.5, up 7.6%, the largest increase among blue-chip stocks, with a turnover of HKD 1.653 billion; Baidu's Kunlun Chip has submitted a listing application to the stock exchange in a confidential manner. Additionally, Tencent (00700.HK), Alibaba-W (09988.HK), JD-SW (09618.HK), Xiaomi-W (01810.HK), Kuaishou-W (01024.HK), and Bilibili-W (09626.HK) initially rose by 2.5% to 3.2%, while Meituan-W (03690.HK) also rose by 1.7%.

Li Auto-W (02015.HK) rose by 6.5%, with December's monthly vehicle deliveries returning to over 40,000 units (reaching 44,200 units), a month-on-month increase of 33% compared to 33,200 units delivered in November last year. Geely (00175.HK) and BYD (01211.HK) each rose by 2.2%.

Major financial stocks showed support, with AIA (01299.HK) and China Life (02628.HK) each rising about 2%, and HSBC (00005.HK) rising about 1%. Hong Kong Exchanges and Clearing (00388.HK) rose nearly 1%.

Additionally, Pop Mart (09992.HK) is currently at HKD 192.3, up 2.45%, with a turnover of HKD 339 million