--- title: "Hong Kong Stock Market Closing | The Hang Seng Index fell 0.29%, with a divergence in the technology and retail sectors, while popular stocks like MINIMAX-WP surged significantly" description: "On January 16th, the three major indices of the Hong Kong stock market experienced slight adjustments, with the Hang Seng Index and the Hang Seng TECH Index retreating slightly, and the previous gains" type: "news" locale: "en" url: "https://longbridge.com/en/news/272803721.md" published_at: "2026-01-16T08:13:02.000Z" --- # Hong Kong Stock Market Closing | The Hang Seng Index fell 0.29%, with a divergence in the technology and retail sectors, while popular stocks like MINIMAX-WP surged significantly > On January 16th, the three major indices of the Hong Kong stock market experienced slight adjustments, with the Hang Seng Index and the Hang Seng TECH Index retreating slightly, and the previous gains failing to continue. Mainstream sectors showed divergence, with retail and internet leaders exhibiting fluctuating performances. Short-term capital focused on technology and high-tech concepts, with notable gains in popular stocks such as MINIMAX-WP and SYNAGISTICS. The market is highly sensitive to liquidity, macroeconomic recovery, and corporate profit expectations, with an overall moderate risk appetite **Market Overview** ▪ On January 16, Hong Kong stocks closed with slight adjustments across the three major indices. ▪ The Hang Seng Index closed at 26,844.96 points, down 0.29%, retreating from a recent peak and currently facing difficulty in challenging new high levels. ▪ The Hang Seng Tech Index closed at 5,822.18 points, down 0.11%, with minor adjustments today. ▪ The China Enterprises Index closed at 9,220.81 points, down 0.50%, showing a high-level fluctuation recently. **Sector Performance** ▪ The retail sector showed significant volatility, with a strong wait-and-see sentiment in the market. Leading stocks diverged, with Alibaba -W rising 0.97% and a trading volume of HKD 13.213 billion, performing relatively well, while JD -SW fell 1.30% and Miniso dropped 0.57%. Overall, funds rotated within the sector, with some large-cap stocks receiving inflows, but trading remained relatively cautious. ▪ The internet content and information sector experienced fluctuations, with mixed performances among leaders. Tencent Holdings fell 0.72%, with a latest trading volume of HKD 12.738 billion, Kuaishou -W dropped 1.51%, and Baidu -SW decreased by 0.41%. Short-term fund preferences weakened, lacking significant news drivers, with a wait-and-see atmosphere dominating trading. ▪ The life sciences tools and services sector showed volatility, but some individual stocks rose against the trend. WuXi Biologics fell 0.60%, with a trading volume of HKD 8.515 billion, indicating that funds are still positioning in leading pharmaceutical stocks. Crystal International Holdings rose 1.36%, and WuXi AppTec increased by 0.92%, reflecting a structural preference for technological innovation and biomedicine. **Macroeconomic Background** ▪ Recently, the Hong Kong stock market has been influenced by fluctuations in foreign exchange reserves, adjustments in retail and trade data, along with changes in PMI and CPI. Investors are keeping an eye on the momentum of economic recovery and corporate profit expectations. The market's sensitivity to interest rates and liquidity has increased, making fund flows and policy trends core points of focus. Overall, the macroeconomic fundamentals have become key determinants of current market volatility, with investors' risk appetite trending towards moderation. **Popular Stocks** ▪ MINIMAX-WP (100.HK) rose 22.35%, with a trading volume of HKD 1.146 billion. On January 9, the company's first day of listing in Hong Kong saw a surge of up to 109%, becoming a popular stock in the recent AI large model theme. The IPO was priced at HKD 165, with subscriptions exceeding 1,837 times, attracting significant international funds, continuously boosting the spread of technology hotspots, and the stock price has now risen to HKD 438. ▪ Synagistics (2562.HK) rose 17.84%, with a trading volume of HKD 2.186 billion. The company is in the AI application sector and has recently seen active trading due to strong buying power, resulting in net inflows from major funds, with five consecutive trading days of increases and a weekly rise of over 99%. With the rising popularity of digital platforms empowered by AI and SaaS, market growth expectations have heated up, driving the stock price to continue strengthening ▪ Zhaoyi Innovation (3986.HK) rose by 16.74%, with a transaction volume of HKD 716 million. On January 13, it completed its H-share listing with a 45.06% increase, raising HKD 4.684 billion. The company stated that it will continue to strengthen its global and diversified layout in semiconductor storage and control chips. ▪ CITIC Resources (1205.HK) rose by 26.83%, with a transaction volume of HKD 48.2678 million. The company announced the sale of its shares in Alcoa to optimize liquidity and asset allocation, leading to a significant surge after resuming trading, with intraday gains exceeding 21%. Although the sale did not have a substantial impact on performance, the market reacted positively to the improvement in liquidity, with short-term capital attention increasing. ▪ Shenghui Clean (2521.HK) rose by 26.19%, with a transaction volume of HKD 16.3053 million. The company announced the acquisition of 15 patents to supplement its technology reserves and enhance competitiveness. The merger and acquisition activity received positive feedback from the capital market, resulting in short-term stock price fluctuations. **Market Transaction Volume TOP10** ▪ Alibaba -W (09988.HK) latest transaction price HKD 166.20, increase of 0.97%, transaction volume HKD 13.213 billion ▪ Tencent Holdings (00700.HK) latest transaction price HKD 617.50, decrease of 0.72%, transaction volume HKD 12.738 billion ▪ WuXi Biologics (02269.HK) latest transaction price HKD 39.78, decrease of 0.60%, transaction volume HKD 8.515 billion ▪ Xiaomi Group -W (01810.HK) latest transaction price HKD 37.10, decrease of 2.01%, transaction volume HKD 7.392 billion ▪ SMIC (00981.HK) latest transaction price HKD 79.20, increase of 2.39%, transaction volume HKD 6.964 billion ▪ Pop Mart (09992.HK) latest transaction price HKD 178.60, decrease of 5.60%, transaction volume HKD 5.957 billion ▪ Trip.com Group -S (09961.HK) latest transaction price HKD 466.20, increase of 1.35%, transaction volume HKD 5.503 billion ▪ Hua Hong Semiconductor (01347.HK) latest transaction price HKD 106.80, increase of 7.39%, transaction volume HKD 3.836 billion ▪ Meituan -W (03690.HK) latest transaction price HKD 100.00, decrease of 0.79%, transaction volume HKD 3.754 billion ▪ Kuaishou -W (01024.HK) latest transaction price HKD 78.35, decrease of 1.51%, transaction volume HKD 2.934 billion ### Related Stocks - [513130.CN - Huatai-PB CSOP Hang Seng Technology ETF(QDII)](https://longbridge.com/en/quote/513130.CN.md) - [STECH.HK - Hang Seng TECH Index](https://longbridge.com/en/quote/STECH.HK.md) - [09988.HK - BABA-W](https://longbridge.com/en/quote/09988.HK.md) - [09618.HK - JD-SW](https://longbridge.com/en/quote/09618.HK.md) - [09896.HK - MNSO](https://longbridge.com/en/quote/09896.HK.md) - [00700.HK - TENCENT](https://longbridge.com/en/quote/00700.HK.md) - [09888.HK - BIDU-SW](https://longbridge.com/en/quote/09888.HK.md) - [01024.HK - KUAISHOU-W](https://longbridge.com/en/quote/01024.HK.md) - [02269.HK - WUXI BIO](https://longbridge.com/en/quote/02269.HK.md) - [02228.HK - XTALPI](https://longbridge.com/en/quote/02228.HK.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 港股异动速递：当代置业大涨 20.83%，大昌微线集团、兆易创新紧随其后，市场活跃度提升 | 港股近一小时市场概况整体市场呈现出强烈的上涨趋势，尤其是地产和科技板块的表现尤为突出。资金似乎在积极追逐小盘股，短线热度明显上升，带动了多只个股的强劲反弹。市场情绪偏向乐观，波动幅度加大，投资者的风险偏好有所提升，资金流向也在不断切换，显示 | [Link](https://longbridge.com/en/news/276680480.md) | | Top 5 港股千亿以上公司涨跌幅（2月26日） | 东方电气 (01072) 涨 15.52%，成交额 14.1 亿港元，年内累计涨 62%。 豪威集团 (00501) 涨 6.91%，成交额 1.7 亿港元，年内累计涨 4.8%。 百济神州 (06160) 跌 9.16%，成交额 12.1 | [Link](https://longbridge.com/en/news/277006258.md) | | 百度 AI 云 2025 年营收 300 亿元 | 百度预计 2025 年 AI 云营收将达到 300 亿元，四季度基于订阅的 AI 高性能计算设施收入同比增长 143%。此外，百度智能云在 2025 年大模型相关中标项目数和金额上均位居第一，连续两年成为云厂商中标项目数和金额最多者。 | [Link](https://longbridge.com/en/news/277047146.md) | | 元宝 AI 除夕夜辱骂用户，官方道歉：系模型处理多轮对话时异常输出导致 | 腾讯元宝 App 因 AI 在除夕夜生成拜年图片时输出辱骂性内容而引发关注。用户在多次生成指令中遭遇 AI 无故辱骂，官方对此表示歉意，称是模型处理多轮对话时的异常输出，并已进行校正和优化。这并非首次出现类似情况，早前也有用户反馈遭遇侮辱性 | [Link](https://longbridge.com/en/news/276877545.md) | | 阿里云推出低价 AI 编程套餐，集成四大顶级开源模型 | 阿里云推出低价编程工具订阅套餐，集成 Qwen3.5、GLM-5、MiniMax M2.5、Kimi K2.5 四大开源模型 API 服务，旨在争夺开发者市场。轻量版首月售价 7.9 元，专业版首月 39.9 元。此举引发市场关注，尤其是在 | [Link](https://longbridge.com/en/news/276950888.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.