--- title: "Hong Kong stocks close | Three major indices continue to fluctuate at high levels, retailers rise, Alibaba closes up 2.73%, Kuaishou surges significantly" type: "News" locale: "en" url: "https://longbridge.com/en/news/272042310.md" description: "On January 9th, Hong Kong stocks closed with all three major indices rising, maintaining a high-level oscillation pattern. The retail sector rebounded strongly, with Alibaba and JD.com significantly rising, and Kuaishou's outstanding performance drove a divergence in the internet content and information sector, although Tencent and Baidu faced pressure. The restaurant sector declined, with Meituan and Mixue Group experiencing significant pullbacks, showing clear sector divergence and capital rotation. Popular stocks like Zhizhu and Gongsheng Zhizhu saw significant gains, with increased market volatility and active capital concentrated in leading technology and consumer stocks. On the macro level, signals of economic recovery and policy dynamics have become the core focus of the market" datetime: "2026-01-09T08:13:05.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/272042310.md) - [en](https://longbridge.com/en/news/272042310.md) - [zh-HK](https://longbridge.com/zh-HK/news/272042310.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/272042310.md) | [繁體中文](https://longbridge.com/zh-HK/news/272042310.md) # Hong Kong stocks close | Three major indices continue to fluctuate at high levels, retailers rise, Alibaba closes up 2.73%, Kuaishou surges significantly **Market Overview** ▪ The three major indices of the Hong Kong stock market closed higher on January 9, continuing the overall upward trend. ▪ The Hang Seng Index closed at 26,231.79 points, up 0.32%. Although it did not break through the recent high, it remains at a certain distance from the recent high set on January 6, maintaining a high-level consolidation pattern in the short term. ▪ The Hang Seng Tech Index closed at 5,687.14 points, slightly up 0.15%. It also failed to refresh the high point of January 6, showing clear signs of consolidation at high levels, with the tech sector performing relatively steadily. ▪ The China Enterprises Index reported 9,048.53 points, with a daily increase of 0.10%. It did not reach a new high again, and the trend is tending towards consolidation, still at the upper edge of the recent range. **Sector Performance** ▪ The retail sector overall strengthened, driven by a rebound in consumer demand, with clear capital inflows. Alibaba -W closed up 2.73%, with a transaction volume of HKD 17.003 billion, attracting the most market attention during the day. JD.com -SW rose 2.60%, with a transaction volume of HKD 1.590 billion, indicating a return of funds to the industry and warming market expectations. Miniso also closed up 1.48%, with a transaction volume of HKD 117 million, showing positive sentiment across the sector. ▪ The internet content and information sector showed divergence, with Kuaishou -W leading the rise, closing up 3.89%, with a transaction volume of HKD 29.59 billion, as funds concentrated on quality leaders within the sector. Tencent Holdings fell 0.81%, with a transaction volume of HKD 10.906 billion, while Baidu -SW dropped 2.07%, with a transaction volume of HKD 2.022 billion, showing a divergence in funds, with some leaders under pressure. The entire sector is focused on growth and emerging tracks, with high-growth stocks receiving more attention. ▪ The restaurant sector overall declined, reflecting insufficient consumer confidence and short-term capital outflows. Meituan -W fell 2.48%, with a transaction volume of HKD 7.076 billion, while Xicha Group dropped 3.96%, with a transaction volume of HKD 330 million. Haidilao remained flat, with the sector showing weak performance and investor sentiment being cautious. **Macroeconomic Background** ▪ Recently, the Hong Kong stock market has been affected by internal and external economic pressures, with the three-month unemployment rate and retail-related data becoming the focus of investors' attention. ▪ The trends of core macro indicators such as foreign exchange reserves and trade balances form a key support for market confidence. Signals of economic recovery and policy dynamics will be important factors for observing market performance in the future, with investors adjusting strategies based on data trends. **Popular Stocks** ▪ Zhiyu (2513.HK) closed up 20.61%, with a transaction volume of HKD 1.045 billion. The company has no major news, but short-term capital attention within the sector has increased, showing outstanding gains and attracting market attention. ▪ Gongsheng Zhizhu (627.HK) surged 40.48%, with a transaction volume of HKD 17.75 million, with clear high-level capital speculation and no substantial event driving it. ▪ iFlytek Medical Technology (2506.HK) rose 20.58%, with a transaction volume of HKD 190 million, with strong investor participation sentiment at high levels, leading the sector's activity and boosting market turnover▪ China Creative Holdings (8368.HK) rose 25.00%, with a trading volume of HKD 8.33 million. There was significant intraday volatility, with a strong atmosphere of speculative trading. ▪ Baida International (2668.HK) rose 26.19%, with a trading volume of HKD 5.86 million, driven by short-term capital inflow, showing significant fluctuations and maintaining high attention. **Market Trading Volume TOP10** ▪ Alibaba -W (9988.HK) latest trading price HKD 146.50, up 2.73%, trading volume HKD 17.003 billion ▪ Tencent Holdings (700.HK) latest trading price HKD 611.00, down 0.81%, trading volume HKD 10.906 billion ▪ Meituan -W (3690.HK) latest trading price HKD 98.50, down 2.48%, trading volume HKD 7.076 billion ▪ SMIC (981.HK) latest trading price HKD 74.40, down 0.73%, trading volume HKD 5.292 billion ▪ Xiaomi Group -W (1810.HK) latest trading price HKD 37.82, down 0.53%, trading volume HKD 4.719 billion ▪ Goldwind Technology (2208.HK) latest trading price HKD 16.67, up 3.41%, trading volume HKD 4.040 billion ▪ Ping An Insurance (2318.HK) latest trading price HKD 70.00, down 0.28%, trading volume HKD 3.426 billion ▪ Kuaishou -W (1024.HK) latest trading price HKD 74.70, up 3.89%, trading volume HKD 2.959 billion ▪ Baidu -SW (9888.HK) latest trading price HKD 137.40, down 2.07%, trading volume HKD 2.022 billion ▪ China Petroleum & Chemical Corporation (386.HK) latest trading price HKD 4.69, up 0.43%, trading volume HKD 2.018 billion ### Related Stocks - [BABA-W (09988.HK)](https://longbridge.com/en/quote/09988.HK.md) - [JD-SW (09618.HK)](https://longbridge.com/en/quote/09618.HK.md) - [MIXUE GROUP (02097.HK)](https://longbridge.com/en/quote/02097.HK.md) - [MNSO (09896.HK)](https://longbridge.com/en/quote/09896.HK.md) - [MEITUAN-W (03690.HK)](https://longbridge.com/en/quote/03690.HK.md) - [KUAISHOU-W (01024.HK)](https://longbridge.com/en/quote/01024.HK.md) - [BIDU-SW (09888.HK)](https://longbridge.com/en/quote/09888.HK.md) - [HAIDILAO (06862.HK)](https://longbridge.com/en/quote/06862.HK.md) - [KNOWLEDGE ATLAS (02513.HK)](https://longbridge.com/en/quote/02513.HK.md) - [VISION SYNERGY (00627.HK)](https://longbridge.com/en/quote/00627.HK.md) - [XUNFEIHEALTH (02506.HK)](https://longbridge.com/en/quote/02506.HK.md) - [CREATIVE CHINA (08368.HK)](https://longbridge.com/en/quote/08368.HK.md) - [PAK TAK INT'L (02668.HK)](https://longbridge.com/en/quote/02668.HK.md) - [SMIC (00981.HK)](https://longbridge.com/en/quote/00981.HK.md) - [JD.com, Inc. 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