"Hong Kong Stocks" Hang Seng Index opened 203 points lower, Alibaba retraced over 2%, CKH Holdings and BYD rose against the trend

AASTOCKS
2026.01.19 01:34

Trump threatens to impose tariffs on 8 NATO countries over the Greenland issue, and U.S. stock index futures fell more than 300 points in early Asian trading. Hong Kong stocks opened lower following the external market. The Hang Seng Index opened down 203 points or 0.8%, at 26,641 points; the National Index opened down 69 points or 0.7%, at 9,151 points; the Hang Seng Tech Index opened down 45 points or 0.8%, at 5,777 points.

According to reports, four smartphone manufacturers, Xiaomi, OPPO, vivo, and Transsion, have lowered their annual shipment forecasts. Xiaomi (01810.HK) opened down 1.3% at HKD 36.62. Other smartphone stocks, JD.com (09618.HK), and NetEase (09999.HK) opened down 0.5% to 0.8%, while Kuaishou (01024.HK) and Meituan component stocks BYD Electronics (00285.HK) and Sunny Optical (02382.HK) opened down 1.5% and 0.5%. Among other tech stocks, Alibaba (09988.HK) opened down 2.5%, Tencent (00700.HK) opened down 1.5% and 1.2%, and Baidu (09888.HK) opened flat at HKD 145.6.

In the chip sector, SMIC (00981.HK) opened flat at HKD 79.2, while Hua Hong (01347.HK) opened up 0.2% at HKD 107. In the wire sector, Changfei Fiber Optics (06869.HK) opened up 10.5% at HKD 55.8 against the market trend. In the telecommunications sector, China Mobile (00941.HK) fell below HKD 80, opening down 0.5% at HKD 79.7.

Canada announced the import of 49,000 mainland electric vehicles, with tariffs reduced to 6.1%. Automotive stocks BYD (01211.HK) opened up 1.3% at HKD 100.5, and Nio (09866.HK) opened up 1%. Li Auto (02015.HK) and XPeng (09868.HK) opened down 1% and 2%.

In the financial sector, HSBC (00005.HK) opened down 1.2% at HKD 127, while Hong Kong Exchanges and Clearing (00388.HK) and AIA (01299.HK) each opened down 0.9%. With rising risk aversion, gold stocks China Gold International (02099.HK) and Zijin Mining (02899.HK) opened up 1.7% and 1.4%.

CKH Holdings (00001.HK) continued to rise 2.5% to HKD 62, driven by rumors of a spin-off of Watsons. The travel platform Trip.com (09961.HK), which had previously plummeted due to an investigation by the market regulator, rebounded and opened up 1.8%

Source: AASTOCKS The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
© 2026 Longbridge｜Disclaimer