--- title: "Hong Kong stock market intraday | The Hang Seng Index fell slightly by 0.15%, with the jewelry and toy retail sector leading the gains, POP MART rose by 8.85%, and Tencent Holdings declined" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/273038777.md" description: "In the Hong Kong stock market, the Hang Seng Index and major sectors showed a divergent trend, with the Hang Seng Tech Index continuing to adjust. Retail sectors such as jewelry, toys, and stationery were boosted by expectations of consumer recovery, with POP MART rising strongly by 8.85%. Internet and traditional retail representative stocks diverged, and behind the index fluctuations, funds focused on structural sector opportunities. The macroeconomic front is focused on economic data performance, driving the heat of consumption and related industrial chains" datetime: "2026-01-20T06:33:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/273038777.md) - [en](https://longbridge.com/en/news/273038777.md) - [zh-HK](https://longbridge.com/zh-HK/news/273038777.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/273038777.md) | [English](https://longbridge.com/en/news/273038777.md) # Hong Kong stock market intraday | The Hang Seng Index fell slightly by 0.15%, with the jewelry and toy retail sector leading the gains, POP MART rose by 8.85%, and Tencent Holdings declined **Market Overview** ▪ In the Hong Kong stock market, the three major indices showed mixed performance. ▪ The Hang Seng Index is currently at 26,525.33 points, down 0.15%, failing to maintain the previous day's high and retreating from the peak on January 16. ▪ The Hang Seng Tech Index continued to decline, currently at 5,695.43 points, down 0.95%, also retreating from the highs of the previous days. ▪ The Hang Seng China Enterprises Index is currently at 9,109.39 points, down 0.27%, unable to set a new high, with the peak remaining at the previous trading day. **Sector Performance** ▪ The internet content and information sector experienced fluctuations, with mixed performances among leading stocks and a lack of clear catalysts. Tencent Holdings fell 1.15% during the session, with a trading volume of HKD 10.78 billion, making it one of the most actively traded stocks in the market. Baidu rose slightly by 0.75%, with a trading volume of HKD 2.017 billion. Kuaishou fell 1.17%, overall showing varied performances among the leaders, with capital flow in the sector being dispersed and market sentiment being cautious. ▪ The retail sector showed mixed results, with unclear signs of consumer recovery. Alibaba fell 0.25%, with a trading volume of HKD 6.173 billion, while JD.com rose 0.8%, with a trading volume of HKD 510 million, and Miniso rose slightly by 0.68%. Capital is focusing on structural opportunities, and the overall sector lacks collective catalysts, leading to cautious investor sentiment. ▪ The retail sectors of jewelry, toys, and stationery showed strong performance during the session, driven by expectations of consumer recovery, leading the market. POP MART surged 8.85%, with a trading volume of HKD 4.832 billion. This increase is mainly attributed to market expectations of a recovery in consumer trends and strong overall performance in the toy sector, enhancing market expectations for the company's future revenue growth and profitability, thus boosting sector valuation sentiment. China Duty Free Group rose 3.26%, with a trading volume of HKD 891 million. Chow Tai Fook rose 1.83%, with a trading volume of HKD 94 million. The sector overall received significant capital attention. **Macroeconomic Background** ▪ The Hong Kong stock market is focusing on macroeconomic data performance, paying attention to retail, foreign trade, and manufacturing PMI. Influenced by global economic recovery and local consumption boost, fluctuations in related data may dominate market sentiment. Structural sectors are most directly affected by macro data disturbances, with capital flow closely related to industry fundamentals. **Popular Stocks** ▪ Easy Communications Group (8031.HK) rose 50.77% during the session, with a trading volume of HKD 4.9453 million. On January 13, 2026, the company announced a short suspension of trading starting at 9 AM due to internal acquisition and information disclosure issues requiring the announcement of significant matters. The suspension and expectations of major asset restructuring led to a surge in stock price during the session, creating a strong short-term speculative atmosphere in the market. ▪ IFBH (6603.HK) rose 17.67% during the session, with a trading volume of HKD 379 million. On January 16, 2026, the company implemented a share buyback, repurchasing 154,000 shares for HKD 2.637 million on that day. This move is part of the board-approved plan to repurchase up to 5% of shares within six months, which helps stabilize the company's stock price and enhances expectations for performance improvement ▪ Shumeng Capital (8375.HK) rose 28.03% during the session, with a trading volume of HKD 4.1781 million. There have been no significant public news or announcements recently, and the stock price fluctuation may be influenced by short-term speculation from retail investors, with noticeable capital inflow. ▪ Jiancheng Holdings (1630.HK) rose 21.00% during the session, with a trading volume of HKD 4.5102 million. Since January 7, the stock price has shown significant volatility, with no major official events or announcements disclosed recently, indicating clear signs of short-term capital speculation. **Market Trading Volume TOP10** ▪ Tencent Holdings (700.HK) latest trading price HKD 603.50, down 1.07%, trading volume HKD 10.778 billion ▪ Alibaba -W (9988.HK) latest trading price HKD 159.90, down 0.31%, trading volume HKD 6.173 billion ▪ POP MART (9992.HK) latest trading price HKD 196.80, up 8.85%, trading volume HKD 4.832 billion ▪ Xiaomi Group -W (1810.HK) latest trading price HKD 35.78, down 1.92%, trading volume HKD 4.791 billion ▪ SMIC (981.HK) latest trading price HKD 74.45, down 3.31%, trading volume HKD 3.870 billion ▪ Meituan -W (3690.HK) latest trading price HKD 97.35, down 1.17%, trading volume HKD 2.853 billion ▪ Hua Hong Semiconductor (1347.HK) latest trading price HKD 100.70, down 1.85%, trading volume HKD 2.551 billion ▪ China Life (2628.HK) latest trading price HKD 33.26, up 3.87%, trading volume HKD 2.118 billion ▪ Baidu -SW (9888.HK) latest trading price HKD 148.50, up 0.75%, trading volume HKD 2.017 billion ▪ Trip.com Group -S (9961.HK) latest trading price HKD 483.00, up 2.68%, trading volume HKD 1.948 billion ### 相關股票 - [POP MART (09992.HK)](https://longbridge.com/zh-HK/quote/09992.HK.md) - [TENCENT (00700.HK)](https://longbridge.com/zh-HK/quote/00700.HK.md) - [BIDU-SW (09888.HK)](https://longbridge.com/zh-HK/quote/09888.HK.md) - [KUAISHOU-W (01024.HK)](https://longbridge.com/zh-HK/quote/01024.HK.md) - [BABA-W (09988.HK)](https://longbridge.com/zh-HK/quote/09988.HK.md) - [JD-SW (09618.HK)](https://longbridge.com/zh-HK/quote/09618.HK.md) - [MNSO (09896.HK)](https://longbridge.com/zh-HK/quote/09896.HK.md) - [CTG DUTY-FREE (01880.HK)](https://longbridge.com/zh-HK/quote/01880.HK.md) - [CHOW TAI FOOK (01929.HK)](https://longbridge.com/zh-HK/quote/01929.HK.md) - [IFBH (06603.HK)](https://longbridge.com/zh-HK/quote/06603.HK.md) - [ETS GROUP (08031.HK)](https://longbridge.com/zh-HK/quote/08031.HK.md) - [DATA UNION CAP (08375.HK)](https://longbridge.com/zh-HK/quote/08375.HK.md) - [KIN SHING HLDGS (01630.HK)](https://longbridge.com/zh-HK/quote/01630.HK.md) - [XIAOMI-W (01810.HK)](https://longbridge.com/zh-HK/quote/01810.HK.md) - [SMIC (00981.HK)](https://longbridge.com/zh-HK/quote/00981.HK.md) - [Hang Seng Index (00HSI.HK)](https://longbridge.com/zh-HK/quote/00HSI.HK.md) ## 相關資訊與研究 - [Pony AI Taps WeChat's Billion Users To Supercharge Robotaxi Bookings](https://longbridge.com/zh-HK/news/279027140.md) - [OpenClaw Founder Accuses Tencent of “Copying,” Company Responds Citing Support for the Ecosystem](https://longbridge.com/zh-HK/news/278848478.md) - [Semiconductor Manufacturing International (0981): New Buy Recommendation for This Technology Giant](https://longbridge.com/zh-HK/news/278340633.md) - [Alibaba (BABA) Jumps into China's New 'AI Craze' with OpenClaw App](https://longbridge.com/zh-HK/news/278995470.md) - [Printing Labubu dolls at home: Pop Mart sues 3D printer firm for copyright violations](https://longbridge.com/zh-HK/news/278287421.md)