24th January 2025 – (Hong Kong) Hong Kong’s stock market followed the positive trend set by global indices, with the Hang Seng Index opening 142 points higher, or 0.72%, at 19,842 points. The Hang Seng China Enterprises Index increased by 38 points, or 0.53%, reaching 7,202 points, while the Tech Index rose by 29 points, or 0.66%, to 4,545 points.
Technology stocks generally experienced gains, with Tencent up by 0.5%, Alibaba rising by 1%, Meituan increasing by 1.4%, and Xiaomi gaining 0.7%. Conversely, JD.com saw a decline of 0.5%, while Kuaishou edged up by 0.2%.
The financial sector played a significant role in bolstering the market, with HSBC Holdings increasing by 1.1%, AIA up by 1.5%, China Ping An rising by 1.4%, and the Hong Kong Stock Exchange gaining 1.7%. The overall market sentiment reflects a robust performance driven by strong performances in these key sectors.
