The Hong Kong stock market started off &#34;refreshingly&#34; in 2026, climbing back above 26,000. The Hang Seng Index opened 86 points higher this morning and, driven by technology stocks, continued to rise, reaching a maximum increase of 593 points, peaking at 26,224 points. It closed at 26,189 points at noon, up 559 points or 2.18%. With the mainland market closed for the holiday and a lack of northbound capital, the half-day turnover was HKD 76.869 billion.
Baidu (9888) surged 7.45% to HKD 141.3, making it the best-performing blue chip; its subsidiary Kunlun Core submitted a listing application to the Hong Kong Stock Exchange today (January 1) in a confidential manner, planning to list on the main board. NetEase (9999) rose 5.87%; Tencent (700) and Alibaba (9988) both increased by 3%; JD.com (9618) rose 2.68%; Xiaomi (1810) gained 2.44%; Meituan (3690) was up 1.54%.
Chip stocks also rose, with Hua Hong Semiconductor (1347) up 9.89%; SMIC (981) increased by 4.89%; and Shanghai Fudan (1385) rose 3.17%.
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10:15: On the &#34;opening day&#34; of 2026, the Hang Seng Index further expanded its gains to over 400 points, climbing back above 26,000. Baidu (9888) surged over 7%, and its subsidiary Kunlun Core has submitted a listing application to the Hong Kong Stock Exchange. Li Auto (2015) reported a month-on-month delivery increase of 33.3% last month, with its stock price rising 5.8%.
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09:30: On the first trading day of 2026, the Hong Kong stock market opened with the Hang Seng Index up 86 points, starting at 25,717 points. Tencent (700) opened at HKD 600.5, up 0.25%; Alibaba (9988) rose 0.28%; Meituan (3690) remained unchanged. Baidu (9888) saw its subsidiary Kunlun Core submit a listing application, with Baidu's stock price opening up 0.45%.
Several new energy vehicle companies announced their delivery data for last month, with Xiaomi (1810) breaking the 50,000 mark for the first time, and its stock price rising 0.25%; Li Auto (2015) delivered 44,200 new vehicles in December, with its stock price opening up 1.46%; Leapmotor (9863) saw a year-on-year delivery increase of 42% in December, with its stock price rising 1%. BYD (1211) rose 0.68%, while XPeng (9868) fell 0.69%.
Wall Street's &#34;first GPU stock&#34; Wallen Technology (6082) listed today, opening at HKD 35.7, which is 82.1% higher than its listing price of HKD 19.6.
Regarding northbound capital movements, on Wednesday (December 31), there was a net purchase of HKD 3.449 billion in Hong Kong stocks. China Merchants Bank (3968), Industrial and Commercial Bank of China (1398), and China Construction Bank (939) received net purchases of HKD 724 million, HKD 589 million, and HKD 562 million, respectively; Zijin Mining (2899), Tencent Holdings (700), and Ping An Insurance (2318) saw net sales of HKD 683 million, HKD 646 million, and HKD 299 million, respectively

BIDU

09888

BABA

09988

TCEHY

TCTZF

00700

NTES

09999

The Hong Kong stock market started strong in 2026, with the Hang Seng Index opening up 86 points, rising as much as 593 points, and closing at 26,189 points, up 559 points or 2.18%. Baidu's stock price rose by 7.45% and submitted a listing application for Kunlun Chip to the Hong Kong Stock Exchange. Technology stocks generally rose, with NetEase up 5.87%, and Tencent and Alibaba each up 3%. The half-day trading volume was HKD 76.869 billion, with the mainland market closed for the holiday and northbound capital absent

- The Hong Kong stock market opened strongly in 2026, with the Hang Seng Index rising 559 points to close at 26,189, driven by gains in technology stocks.  
- Baidu's stock surged by 7.45% as it submitted a confidential listing application for its subsidiary, Kunlun Chip, to the Hong Kong exchange.  
- Trading volume totaled 76.87 billion HKD, largely influenced by the absence of mainland investors due to holidays.

Stheadline

Baidu

BIDU-SW

Alibaba

BABA-W

Tencent

Tencent Holdings Limited

TENCENT

NetEase

NTES-S

The Hang Seng Index opened in 2026 with an increase of nearly 600 points, Baidu rose by 7%, Tencent and Alibaba increased by 3% | Hong Kong stock market opening | Hong Kong stock market opening