---
title: "\"Hong Kong Stocks\" The Hang Seng Index opened high at 171 points, Alibaba rose by 2%, WuXi Biologics showed weakness"
description: "The Hang Seng Index opened 171 points higher this morning, reporting at 27,094 points, while the National Index opened 63 points higher at 9,330 points. Alibaba's stock price opened 2% higher at HKD 1"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/272769510.md"
published_at: "2026-01-16T01:32:07.000Z"
---

# "Hong Kong Stocks" The Hang Seng Index opened high at 171 points, Alibaba rose by 2%, WuXi Biologics showed weakness

> The Hang Seng Index opened 171 points higher this morning, reporting at 27,094 points, while the National Index opened 63 points higher at 9,330 points. Alibaba's stock price opened 2% higher at HKD 167.9, and Kuaishou opened 1.6% higher. WuXi Biologics opened 3.4% lower due to major shareholders reducing their holdings. The US stock market performed well last week, with unemployment claims unexpectedly declining

The number of new unemployment claims in the U.S. unexpectedly fell last week, and the Dow Jones Industrial Average rose 292 points or 0.6% overnight. The People's Bank of China announced measures yesterday (15th) to lower interest rates on various structural monetary policy tools, leading the Hang Seng Index to open 171 points or 0.6% higher this morning, at 27,094 points; the National Index opened 63 points or 0.7% higher at 9,330 points; and the Hang Seng Tech Index opened 55 points or 0.9% higher at 5,883 points.

Kuaishou (01024.HK) issued USD 1.5 billion and CNY 3.5 billion in senior notes, with its stock opening 1.6% higher at HKD 80.85. In other tech stocks, Alibaba (09988.HK) opened 2% higher at HKD 167.9, Tencent (00700.HK), Meituan (03690.HK), and Bilibili (09626.HK) opened 0.8% and 1.1% higher, while JD.com (09618.HK) and Baidu (09888.HK) opened 0.5% lower, and NetEase (09999.HK) opened flat at HKD 213.4. Among chip stocks, SMIC (00981.HK) and Hua Hong (01347.HK) opened 1.9% and 1.6% higher.

In the automotive sector, Nio (09863.HK) CEO Li Bin stated that the company delivered 40,000 ES8s last quarter and is expected to achieve its profit target, with its stock opening 0.6% higher. Xiaomi (01810.HK) launched a seven-year low-interest car purchase plan with monthly payments of less than CNY 2,600, opening 0.4% higher. BYD (01211.HK) opened 1.9% higher at HKD 101, while Geely (00175.HK), Li Auto (02015.HK), Leapmotor (09863.HK), and XPeng (09868.HK) opened 0.7% to 0.9% higher.

According to reports, CK Hutchison (00001.HK) is seeking to list Watsons in Hong Kong and London as early as next quarter, with a target valuation of USD 30 billion, and CK Hutchison opened 2.2% higher at HKD 60.75. WuXi Biologics (02269.HK) major shareholder Biologics reduced its stake at a discount of 3.7%, raising over CNY 5.7 billion, with WuXi Biologics opening 3.4% lower at HKD 38.66. In the financial sector, HSBC (00005.HK) opened 0.6% higher at HKD 129, Hong Kong Exchanges and Clearing (00388.HK) opened 0.2% higher, while AIA (01299.HK) opened 0.6% lower.

China Molybdenum (03993.HK) expects its annual net profit to increase by at least 47% to CNY 20 billion, with its stock opening 1% higher at HKD 22.62. YouRan Agriculture (09858.HK) is offering a discount of over 8.8% for a rights issue to its controlling shareholder Yili, raising a total of CNY 2.346 billion, with the stock opening 5.1% lower at HKD 4.08

### Related Stocks

- [BABA.US - Alibaba](https://longbridge.com/en/quote/BABA.US.md)
- [09988.HK - BABA-W](https://longbridge.com/en/quote/09988.HK.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.