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.

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