--- title: "Hong Kong stocks closed｜The three major indices collectively rose, the enthusiasm for new consumption concepts reignited, and POP MART rose by 6.60%" type: "News" locale: "en" url: "https://longbridge.com/en/news/273484144.md" description: "The three major indices of the Hong Kong stock market closed higher today, with the Hang Seng Index rising by 0.45%, the Hang Seng Tech Index increasing by 0.62%, and major blue chips moderately up. There was a clear sector divergence, with the jewelry and toy retail sectors significantly strengthening, and POP MART soaring by 6.60% to become the focus. In terms of individual stocks, DRINDA achieved a strong surge of 51.40%. The retail and internet content sectors showed mixed performance, with Alibaba rising by 2.25% and Tencent Holdings slightly down by 0.42%. On the macro level, Hong Kong's core macro data fluctuated, the pace of economic recovery was moderate, and investors focused on sector rotation and internal structural opportunities" datetime: "2026-01-23T08:13:01.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/273484144.md) - [en](https://longbridge.com/en/news/273484144.md) - [zh-HK](https://longbridge.com/zh-HK/news/273484144.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/273484144.md) | [繁體中文](https://longbridge.com/zh-HK/news/273484144.md) # Hong Kong stocks closed｜The three major indices collectively rose, the enthusiasm for new consumption concepts reignited, and POP MART rose by 6.60% **Market Overview** ▪ The Hong Kong stock market closed with all three major indices rising. ▪ The Hang Seng Index closed at 26,749.51 points, up 0.45%. ▪ The Hang Seng Tech Index closed at 5,798.01 points, up 0.62%. ▪ The China Enterprises Index closed at 9,160.81 points, up 0.51%. **Sector Performance** ▪ The retail sector showed overall volatility, with significant impacts from differentiated consumer demand. Within the sector, Alibaba -W rose 2.25%, with a trading volume of HKD 15.806 billion, demonstrating its leading advantage. It is reported that Alibaba has decided to support its subsidiary chip company Tsinghua Unigroup for future independent listing. JD.com -SW slightly increased by 0.79%, while Miniso Group saw a minor decline of 0.10%. Overall, funds are focused on leading e-commerce companies, reflecting investors' attention to stable performance and industry competition. ▪ The internet content and information sector exhibited divergent trends, with significant emotional fluctuations. Tencent Holdings slightly fell by 0.42%, with a trading volume of HKD 11.446 billion. Within the sector, Kuaishou -W rose 2.72%, and Baidu -SW saw a slight increase of 0.31%. Amidst the rotation of hot stocks, some funds flowed towards growth-oriented leaders, but overall sustainability still needs observation. ▪ The retail sector for jewelry/toys/stationery showed prominent gains, with leading company POP MART soaring 6.60%, achieving a trading volume of HKD 7.308 billion. The company actively repurchased shares to boost investor confidence, and the popularity of the Starry People IP is rising, leading the niche market; Lao Pu Gold surged 6.78%, with a trading volume of HKD 2.000 billion, showing excellent terminal sales performance since early 2026, with institutions expecting further gross profit recovery this year; China Duty Free Group rose 2.29%. The performance of leading companies boosts market confidence. **Macroeconomic Background** ▪ Recent fluctuations in Hong Kong's retail, export, and CPI macro indicators, combined with manufacturing PMI and unemployment rate data, indicate that the pace of economic recovery remains moderate. ▪ Market investors are paying attention to changes in the external environment and policy responses. In the short term, ample liquidity and industry rotation trends have become dominant, driving funds to rotate among different sectors more rapidly. **Popular Stocks** ▪ DRINDA (2865.HK) rose 51.40%, with the latest trading price at HKD 39.00 and a trading volume of HKD 2.477 billion. On January 22, 2026, the company announced a placement of new H shares, intending to raise approximately HKD 398 million, mainly for the research and development of space photovoltaic cells and equity investments in the aerospace sector, as well as to supplement working capital. These actions will help the company's strategic layout and improve cash flow, but short-term dilution of shares and cyclical industry impacts may lead to high volatility. ▪ WanKaYiLian (1762.HK) rose 25.56%, with a trading volume of HKD 90.109 million. The company focuses on GEO layout and proposed a new stock option plan today, with highly active funds as the market chases short-term themes, with no significant news catalysts. ▪ Kaisheng New Energy (1108.HK) rose 14.44%, with a trading volume of HKD 406 million, showing active performance but lacking specific fundamental drivers, with funds focusing on thematic speculation▪ Via Biotechnology (1873.HK) saw its afternoon gains continue to rise, ultimately closing up 21.11%, with a trading volume of HKD 75.5763 million. Recently, the sector has been driven by AI and innovative drug themes, with overall trading activity being active and short-term stock price elasticity being high. Attention is on subsequent performance and R&D pipeline progress. ▪ Asia-Pacific Satellite (1045.HK) rose 14.66%, with a trading volume of HKD 147 million. The commercial aerospace concept continues to attract funding attention, with short-term volatility intensifying. **Market Trading Volume TOP10** ▪ Alibaba -W (09988.HK) latest trading price HKD 168.50, up 2.25%, trading volume HKD 15.806 billion ▪ Tencent Holdings (00700.HK) latest trading price HKD 595.00, down 0.42%, trading volume HKD 11.446 billion ▪ POP MART (09992.HK) latest trading price HKD 219.60, up 6.60%, trading volume HKD 7.308 billion ▪ Xiaomi Group -W (01810.HK) latest trading price HKD 36.24, up 2.84%, trading volume HKD 6.439 billion ▪ Meituan -W (03690.HK) latest trading price HKD 97.55, up 0.57%, trading volume HKD 3.639 billion ▪ Kuaishou -W (01024.HK) latest trading price HKD 81.25, up 2.72%, trading volume HKD 3.013 billion ▪ SMIC (00981.HK) latest trading price HKD 78.10, up 0.32%, trading volume HKD 2.829 billion ▪ Hong Kong Stock Exchange (00388.HK) latest trading price HKD 422.00, down 1.03%, trading volume HKD 2.522 billion ▪ China Life (02628.HK) latest trading price HKD 31.54, down 0.57%, trading volume HKD 2.499 billion ▪ DRINDA (02865.HK) latest trading price HKD 39.00, up 51.40%, trading volume HKD 2.477 billion ### Related Stocks - [BABA-W (09988.HK)](https://longbridge.com/en/quote/09988.HK.md) - [JD-SW (09618.HK)](https://longbridge.com/en/quote/09618.HK.md) - [MNSO (09896.HK)](https://longbridge.com/en/quote/09896.HK.md) - [TENCENT (00700.HK)](https://longbridge.com/en/quote/00700.HK.md) - [KUAISHOU-W (01024.HK)](https://longbridge.com/en/quote/01024.HK.md) - [BIDU-SW (09888.HK)](https://longbridge.com/en/quote/09888.HK.md) - [POP MART (09992.HK)](https://longbridge.com/en/quote/09992.HK.md) - [LAOPU GOLD (06181.HK)](https://longbridge.com/en/quote/06181.HK.md) - [CTG DUTY-FREE (01880.HK)](https://longbridge.com/en/quote/01880.HK.md) - [DRINDA (02865.HK)](https://longbridge.com/en/quote/02865.HK.md) - [WANKA ONLINE (01762.HK)](https://longbridge.com/en/quote/01762.HK.md) - [TRIUMPH NEW EN (01108.HK)](https://longbridge.com/en/quote/01108.HK.md) - [VIVA BIOTECH (01873.HK)](https://longbridge.com/en/quote/01873.HK.md) - [APT SATELLITE (01045.HK)](https://longbridge.com/en/quote/01045.HK.md) - [XIAOMI-W (01810.HK)](https://longbridge.com/en/quote/01810.HK.md) - [MEITUAN-W (03690.HK)](https://longbridge.com/en/quote/03690.HK.md) - [Drinda (002865.CN)](https://longbridge.com/en/quote/002865.CN.md) ## Related News & Research - [Pop Mart’s Merodi Hong Kong debut highlights challenges of sustaining IP success](https://longbridge.com/en/news/277174373.md) - [Xiaomi 17 is a small(ish) phone with a big(ish) battery](https://longbridge.com/en/news/277311828.md) - [Pop Mart’s Wang Ning urges restraint amid global Labubu surge](https://longbridge.com/en/news/276580975.md) - [China's Search Giant Baidu Struggles With Weak Ad Spending Despite AI Push](https://longbridge.com/en/news/277056050.md) - [Phone makers of all sizes are feeling the RAM crunch](https://longbridge.com/en/news/277665709.md)