Market Roundup

Hong Kong stocks rallied on the first trading day of 2026, regaining the 26,000-point mark. The Hang Seng Index opened 86 points higher, extending its gains to over 590 points to 26,224 before narrowing slightly, closing up 559 points or 2.2% at 26,189. The Hang Seng China Enterprises Index rose 201 points or 2.3% to 9,115, and the Hang Seng Tech Index gained 186 points or 3.4% to 5,702. Total turnover for the morning session was HK$76.9 billion. Technology stocks led the gains, with Biren Technology (6082) hitting a high of HK$42.88 on its first day of trading, rising over 70% in the morning session, becoming the "first domestic GPU stock" and attracting much attention; Hua Hong Semiconductor (1347) rose 9.9% to HK$81.65, driven by the chip sector; Baidu (9888) rose 7.5% to HK$141.3, stimulated by news of the spin-off listing of AI chip Kunlun Core.

Source: KGI Investment Products and Solutions Department

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