--- title: "Hong Kong stock market intraday | Hang Seng Index under pressure, aluminum sector plummets, Nanshan Aluminum International drops 8.42%, Tianneng Intelligent Chip leads in gains" type: "News" locale: "en" url: "https://longbridge.com/en/news/273309968.md" description: "In the Hong Kong stock market, the three major indices are under overall pressure, with the Hang Seng Index, Hang Seng Tech Index, and the National Enterprises Index all experiencing slight declines. There is a clear divergence among sectors, with the internet content and information and retail sectors showing volatility, while the aluminum sector has weakened significantly. Nanshan Aluminum International has plummeted during the session, becoming the focus of the decline, and Tencent Holdings continues its adjustment. Popular new stocks like Tianneng Intelligent Chip and Yaojie Ankang are performing actively, with significant gains. Current investment sentiment continues to be sensitive to imports and exports, retail sales, and the exchange rate of the Renminbi" datetime: "2026-01-22T02:36:06.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/273309968.md) - [en](https://longbridge.com/en/news/273309968.md) - [zh-HK](https://longbridge.com/zh-HK/news/273309968.md) --- # Hong Kong stock market intraday | Hang Seng Index under pressure, aluminum sector plummets, Nanshan Aluminum International drops 8.42%, Tianneng Intelligent Chip leads in gains **Market Overview** ▪ In the Hong Kong stock market, the three major indices are slightly under pressure overall. ▪ As of now, the Hang Seng Index is at 26,523.41 points, down 0.23%. After a brief pullback, it failed to maintain yesterday's temporary high, still some distance from the recent peak created on January 15, 2026. ▪ The Hang Seng Tech Index is currently at 5,727.64 points, down 0.32%, also failing to break through the previous trading day's high, with short-term highs still maintained on January 13, 2026. ▪ The China Enterprises Index is currently at 9,083.91 points, down 0.43%, not refreshing recent highs, following the overall market decline during the session. **Sector Performance** ▪ The internet content and information sector experienced fluctuations during the session, with internal structural differentiation. Leading company Tencent Holdings fell 0.99%, with a turnover of HKD 7.52 billion. Tencent Holdings remains one of the top ten holdings for large funds, reflecting its stable fundamentals and support from institutional funds, while some investors are watching for opportunities arising from structural adjustments in the sector. Within the sector, Baidu -SW rose against the trend by 2.60%, showing a relatively bright performance, while Kuaishou -W fell 0.88%. ▪ The retail sector fluctuated narrowly, with strong cautious sentiment among funds. Within the sector, Alibaba -W slightly rose by 0.245%, with a turnover of HKD 4.09 billion, JD -SW remained flat, and Miniso rose by 0.466%. Overall trading activity was average, lacking significant news-driven momentum, with funds leaning towards stable allocation. ▪ The aluminum sector became the biggest focus of decline during the session. The industry is under overall pressure, with Nanshan Aluminum International plummeting by 8.418%, with a transaction amount of HKD 2.311 billion, leading the market in both decline and turnover. China Hongqiao fell by 2.574%, and China Aluminum dropped by 1.08%. The industry atmosphere is weak, with noticeable short-term capital outflows, and investors are paying attention to subsequent signals of fundamental recovery. **Macroeconomic Background** ▪ Recently, the Hong Kong stock market has been continuously focused on the recovery of imports and exports, retail sales, and fluctuations in the RMB exchange rate. Trade data shows that external demand is in a recovery process, and consumption trends are rebounding, but global capital flows and policy outlooks still carry uncertainties. Investors are focusing on tracking policy trends and the potential impact of global interest rate changes on the market, maintaining a cautious overall risk appetite. **Popular Stocks** ▪ Tianneng Zhixin (9903.HK) rose by 15.10% during the session, with a transaction amount of HKD 327 million. The company just listed on the main board on January 8, becoming the first domestic enterprise to achieve mass production of 7nm GPGPU, with outstanding independent innovation capabilities and industry status attracting investor interest, significantly amplifying market attention and capital inflow, helping to enhance the heat of the domestic AI chip and GPU industry chain. ▪ Yaojie Ankang -B (2617.HK) rose by 13.56% during the session, with a transaction amount of HKD 305 million. The company announced the successful completion of a general authorization placement of 2.1 million new H shares, raising a net amount of HKD 190 million. Less than three months after listing, it has quickly been included in multiple ETF constituent stocks to enhance liquidity, with high volatility in the sector and new capital driving the trend, and the fundraising will further support R&D and operational investments ▪ JunDa Holdings (2865.HK) rose 14.93% during the session, with a trading volume of HKD 259 million. The company recently announced a performance pre-loss, and competition in the photovoltaic industry is intensifying. By subscribing to equity in XinNeng Technology to layout new fields, the company's diversification strategy has attracted market attention, coupled with increased sector activity, resulting in significant stock price fluctuations. ▪ ShiFang Holdings (1831.HK) saw an increase of 49.06% during the session, with a trading volume of HKD 22.7279 million. Although there are no major operational or merger events disclosed, significant capital inflow has occurred, with short-term funds driving the stock price up rapidly. Investors should be cautious of short-term volatility risks following sharp movements in small-cap stocks. ▪ Minth Group (425.HK) rose 10.19% during the session, with a trading volume of HKD 279 million. Currently, there is a lack of major new news, but capital enthusiasm is high, and sector activity has increased, leading to a rise in attention. **Market Trading Volume TOP10** ▪ Tencent Holdings (00700.HK) latest trading price HKD 596.00, down 1.08%, trading volume HKD 7.448 billion ▪ Alibaba -W (09988.HK) latest trading price HKD 163.70, up 0.31%, trading volume HKD 4.058 billion ▪ Nanshan Aluminum International (02610.HK) latest trading price HKD 63.10, down 8.42%, trading volume HKD 2.311 billion ▪ SMIC (00981.HK) latest trading price HKD 77.25, unchanged, trading volume HKD 2.144 billion ▪ Hua Hong Semiconductor (01347.HK) latest trading price HKD 108.10, up 2.17%, trading volume HKD 1.504 billion ▪ Xiaomi Group -W (01810.HK) latest trading price HKD 34.80, down 1.75%, trading volume HKD 1.472 billion ▪ China National Offshore Oil Corporation (00883.HK) latest trading price HKD 22.74, up 2.52%, trading volume HKD 1.222 billion ▪ Baidu -SW (09888.HK) latest trading price HKD 157.80, up 2.67%, trading volume HKD 1.088 billion ▪ GuMing (01364.HK) latest trading price HKD 28.78, down 2.84%, trading volume HKD 1.066 billion ▪ Meituan -W (03690.HK) latest trading price HKD 96.25, down 1.08%, trading volume HKD 1.050 billion ### Related Stocks - [00700.HK](https://longbridge.com/en/quote/00700.HK.md) - [09888.HK](https://longbridge.com/en/quote/09888.HK.md) - [01024.HK](https://longbridge.com/en/quote/01024.HK.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [09618.HK](https://longbridge.com/en/quote/09618.HK.md) - [02610.HK](https://longbridge.com/en/quote/02610.HK.md) - [09896.HK](https://longbridge.com/en/quote/09896.HK.md) - [01378.HK](https://longbridge.com/en/quote/01378.HK.md) - [09903.HK](https://longbridge.com/en/quote/09903.HK.md) - [02617.HK](https://longbridge.com/en/quote/02617.HK.md) - [02865.HK](https://longbridge.com/en/quote/02865.HK.md) - [01831.HK](https://longbridge.com/en/quote/01831.HK.md) - [00425.HK](https://longbridge.com/en/quote/00425.HK.md) ## Related News & Research - [Nanshan Aluminium Sets Formal Terms for Board Remuneration Committee](https://longbridge.com/en/news/280691027.md) - [J.P. 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