"Hong Kong Stocks" Hang Seng Index opened high at 123 points, Alibaba rose nearly 4%, MINIMAX debuted with a high opening of 43%

AASTOCKS
2026.01.09 01:36

The market is waiting for the US non-farm payroll data, with mixed developments in US stocks. The Dow Jones Industrial Average rose by 270 points or 0.6%, while the Nasdaq fell by 0.4%. The Hong Kong stock market opened higher in the morning, with the Hang Seng Index up 123 points or 0.5%, reporting at 26,272 points; the National Index opened up 31 points or 0.35%, reporting at 9,070 points; the Hang Seng Tech Index opened up 21 points or 0.4%, reporting at 5,699 points.

Hang Seng (00011.HK) shareholders' meeting approved the privatization resolution. Hang Seng opened up 0.3% at HKD 154.4, HSBC (00005.HK) opened up 0.9% at HKD 125.4. It was reported that Cheung Kong (00001.HK) has finalized Goldman Sachs and UBS to handle the listing of Watsons in Hong Kong and London, with Cheung Kong opening up 0.5% at HKD 55.4.

Alibaba (09988.HK) ADR price rose over 5%, with the stock opening up 3.8% at HKD 148. Citigroup reported continued optimism for rapid growth in cloud business revenue. In other tech stocks, JD.com (09618.HK) and Bilibili (09626.HK) opened up 3.3% and 3%, Tencent (00700.HK) opened flat at HKD 616, Kuaishou (01024.HK) and Meituan (03690.HK) opened down 0.9% and 1%, Baidu (09888.HK) opened down 2.5%, and NetEase (09999.HK) opened up 0.1%. Among chip stocks, SMIC (00981.HK) opened up 0.7%, while Hua Hong (01347.HK) opened down 1.7%.

In the automotive sector, BYD (01211.HK) opened down 0.2% at HKD 94.5, Xiaomi (01810.HK) and Leapmotor (09863.HK) opened up 0.2%, while Li Auto (02015.HK) and Nio (09866.HK) opened down 0.8% and 1.3%, XPeng (09868.HK) opened up 1%. In the pharmaceutical sector, Hansoh (03692.HK) opened up 2.1%, while BeiGene (06160.HK) opened down 3.2%. In other stocks, Hong Kong Exchanges and Clearing (00388.HK) opened flat at HKD 425.2, and AIA (01299.HK) opened down 0.2%.

In the new stock market, MINIMAX (00100.HK) opened at HKD 235.4, up 42.7% from the listing price of HKD 165; JinXun Resources (03636.HK) opened at HKD 38, up 26.7% from the listing price of HKD 30; and Reborn Biosciences (06938.HK) opened at HKD 75, up 29.4% from the listing price of HKD 57.97

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