Hong Kong Market Sees Mixed Trading Ahead of Lunar New Year
Graciela Maria Reporter
| 2025-01-29 23:10:12
Hong Kong – Hong Kong's stock market closed mixed on [Day], with the Hang Seng Index gaining 0.14% to 22,225.11, marking its third consecutive day of increase. The upbeat sentiment was largely attributed to the anticipation surrounding the development of high-performance generative AI by Chinese companies. However, profit-taking activities tempered the market's overall performance.
The Hang Seng TECH Index, comprising primarily technology stocks, rose 0.77% to 4,723.63, driven by optimistic views on the AI sector. Notable gainers included online healthcare firm Alibaba Health, which surged 4.34%, and bottled water giant Nongfu Spring, which jumped 3.98%. Other sectors, such as education, precious metals, and smartphones, also contributed to the index's upward momentum.
Conversely, the Hang Seng China Enterprises Index, tracking mainland Chinese companies listed in Hong Kong, edged down 0.009% to 7,382.13. This decline was partially attributed to profit-taking activities in certain sectors.
WEEKLY HOT
- 1BTS to Paint Las Vegas Red: Global Icons Announce 'The City' Fan Event for 'ARIRANG' World Tour
- 2Yeonggwang Residents to Enjoy Latest Movies for Just 1,000 Won as Local Government Boosts Cultural Welfare
- 3BTS Sets Mexico City Ablaze: 50,000 Fans Gather at National Palace Ahead of Sold-Out Stadium Tour
- 4"Singer of Filial Piety" Hyun Sook: "I Visit the Marginalized to Honor My Mother’s Memory"
- 5Na Hong-jin’s Sci-Fi Epic 'HOPE' to Make World Premiere at 79th Cannes Film Festival
- 6World’s Largest IP Event ‘INTA 2026’ Concludes in London: Discussing AI Transformation and the Future of Intellectual Property