--- title: "Hong Kong stock market intraday | The Hang Seng Index and Technology Index fluctuate and consolidate, QUNABOX GROUP rises over 17% intraday, PAK TAK INT'L surges nearly 27%" type: "News" locale: "en" url: "https://longbridge.com/en/news/272927530.md" description: "The three major indices of the Hong Kong stock market fell from high positions during the trading session, with the Hang Seng Index down 0.72%, and the Technology and National Enterprises indices adjusting simultaneously. Retailers and hardware sectors faced pressure, with leading companies like Alibaba and Xiaomi declining, but there was a divergence in internet content, with Baidu rising against the trend. Popular stocks such as QUNABOX GROUP, PAK TAK INT'L, and GOME Retail showed structural strength, as market funds focused on thematic rotation and sudden positive news for individual stocks. On the macro level, the renminbi exchange rate, cross-border capital pulses, and policy signals have become key variables affecting market sentiment" datetime: "2026-01-19T02:33:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/272927530.md) - [en](https://longbridge.com/en/news/272927530.md) - [zh-HK](https://longbridge.com/zh-HK/news/272927530.md) --- # Hong Kong stock market intraday | The Hang Seng Index and Technology Index fluctuate and consolidate, QUNABOX GROUP rises over 17% intraday, PAK TAK INT'L surges nearly 27% **Market Overview** ▪ As of now, the three major indices of the Hong Kong stock market are fluctuating and consolidating. ▪ The Hang Seng Index is reported at 26,651.41 points, down 0.72% for the day. ▪ The Hang Seng Tech Index is currently at 5,783.27 points, down 0.67% intraday. ▪ The China Enterprises Index is latest reported at 9,172.58 points, down 0.52%. **Sector Performance** ▪ The retail sector is generally weak during the session, continuing a short-term adjustment trend, mainly affected by weak consumer demand. Leading company Alibaba -W is down 2.59%, JD.com -SW is down 0.70%, and Miniso is down 0.68%. Trading activity is relatively average, with market funds showing increased short-term risk aversion and significant structural differentiation. ▪ The hardware, storage, and peripherals sector is under pressure, with the overall sector retreating and capital flows becoming cautious. Xiaomi Group -W is down 1.13%, Lenovo Group is down 0.11%, and Legend Holdings is down 0.44%. There are currently no significant positive catalysts for the entire industry, and it remains under pressure in the short term. ▪ The internet content and information sector shows a mixed trend, with increasing expectations for AI investment. Leading company Tencent Holdings is down 0.97%, with intraday news indicating its joint investment with Taobao in the fields of artificial intelligence and autonomous driving, but short-term news stimulation is limited. Bilibili -W is down 6.99%, with increased differentiation within the sector. Baidu -SW is up 2.88% against the trend, receiving structural attention from funds, reflecting an increased risk appetite among investors for AI and innovation themes. **Macroeconomic Background** ▪ The Hong Kong stock market has recently been affected by retail, export, and CPI data, leading to significant short-term volatility. The market's core focus is on fluctuations in the RMB exchange rate, cross-border capital flows, and the macroeconomic recovery process, with timely adjustments in policy directly impacting investor confidence. It is expected that in the short term, macro variables will continue to play a dominant role in the market, leading to cautious investor operations. **Popular Stocks** ▪ QUNABOX GROUP (917.HK) is up 17.37% during the session, with a trading volume of HKD 384 million. It has released a performance forecast for 2025, expecting to turn from loss to profit, with a net profit range of RMB 270 million to RMB 330 million. Meanwhile, the company has conducted multiple rounds of stock repurchases in the past three months, actively boosting market confidence and attracting funds, leading to a short-term price surge. ▪ PAK TAK INT'L (2668.HK) is up 26.58% during the session, with a trading volume of HKD 23.2396 million. PAK TAK INT'L has shown significant differentiation recently, previously affected by a debt lawsuit loss of its subsidiary impacting finances, but the company recently signed a memorandum of understanding to acquire rights to a gold mine project in Tanzania, experiencing a strong rebound driven by major funds in the short term. Market expectations for its valuation recovery and capital speculation are heating up. ▪ Nanshan Aluminum International (2610.HK) is up 12.56% during the session, with a trading volume of HKD 113 million. The company's Indonesian subsidiary's capacity release enhances global competitiveness, and management optimization brings expected differences, stimulating capital attention. ▪ Gome Retail (493.HK) is up 26.67% during the session, with a trading volume of HKD 7.8573 million. The news front is stable, but short-term capital speculation is active, driving rapid fluctuations in stock prices▪ Fengsheng Holdings (607.HK) reached an intraday increase of 125.00%, with a transaction amount of HKD 3.7796 million. The company clarified concerns regarding criminal associations and the appointment of a new auditor, improving its governance structure, which greatly enhanced market confidence and stimulated significant short-term capital involvement. **Market Transaction Amount TOP10** ▪ Alibaba -W (09988.HK) latest transaction price HKD 161.90, down 2.59%, transaction amount HKD 4.719 billion ▪ Tencent Holdings (00700.HK) latest transaction price HKD 611.50, down 0.97%, transaction amount HKD 2.838 billion ▪ Xiaomi Group -W (01810.HK) latest transaction price HKD 36.70, down 1.08%, transaction amount HKD 2.215 billion ▪ SMIC (00981.HK) latest transaction price HKD 78.60, down 0.76%, transaction amount HKD 1.969 billion ▪ Hua Hong Semiconductor (01347.HK) latest transaction price HKD 103.80, down 2.81%, transaction amount HKD 1.875 billion ▪ Yangtze Optical Fibre and Cable (06869.HK) latest transaction price HKD 54.25, up 7.43%, transaction amount HKD 1.301 billion ▪ Trip.com Group -S (09961.HK) latest transaction price HKD 472.60, up 1.37%, transaction amount HKD 1.205 billion ▪ UBTECH (09880.HK) latest transaction price HKD 141.40, up 6.16%, transaction amount HKD 1.172 billion ▪ Pop Mart (09992.HK) latest transaction price HKD 178.60, up 0.00%, transaction amount HKD 1.035 billion ▪ Meituan -W (03690.HK) latest transaction price HKD 99.40, down 0.60%, transaction amount HKD 886 million ### Related Stocks - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [09618.HK](https://longbridge.com/en/quote/09618.HK.md) - [09896.HK](https://longbridge.com/en/quote/09896.HK.md) - [01810.HK](https://longbridge.com/en/quote/01810.HK.md) - [00992.HK](https://longbridge.com/en/quote/00992.HK.md) - [03396.HK](https://longbridge.com/en/quote/03396.HK.md) - [00700.HK](https://longbridge.com/en/quote/00700.HK.md) - [09626.HK](https://longbridge.com/en/quote/09626.HK.md) - [09888.HK](https://longbridge.com/en/quote/09888.HK.md) - [02610.HK](https://longbridge.com/en/quote/02610.HK.md) - [00493.HK](https://longbridge.com/en/quote/00493.HK.md) - [00607.HK](https://longbridge.com/en/quote/00607.HK.md) - [00981.HK](https://longbridge.com/en/quote/00981.HK.md) - [01347.HK](https://longbridge.com/en/quote/01347.HK.md) - [02668.HK](https://longbridge.com/en/quote/02668.HK.md) - [00917.HK](https://longbridge.com/en/quote/00917.HK.md) ## Related News & Research - [Korean AI chip startup DeepX prepares public share offering](https://longbridge.com/en/news/282627398.md) - [DBS Remains a Buy on Baidu, Inc. Class A (9888)](https://longbridge.com/en/news/282933455.md) - [Lenovo deploys AI data agent for marketing, UX, e-commerce](https://longbridge.com/en/news/282594088.md) - [Barclays Sticks to Its Buy Rating for Alibaba (BABA)](https://longbridge.com/en/news/282639893.md) - [JD.com, Inc. Class A (9618) Gets a Buy from Bernstein](https://longbridge.com/en/news/282995987.md)