The Hong Kong stock markets went up on Monday as news on major listing companies such as Xiaomi and Trip.com sends positive signals to investors, said an analyst.
Major indices in the market ended higher on the day, with the benchmark Hang Seng Index up 0.98 percent to close at 25,207.18 points, the Hang Seng China Enterprises Index rising 1.14 percent to end at 8,365.38 points, and the Hang Seng Tech Index increasing by 1.57 percent to end at 4,702.05 points.
“Many of the day’s largest moves were driven by company-specific news. Xiaomi was the top performer, adding 7.3 percent after announcing a product launch for Thursday evening. There is going to be a couple of things included in that one, including two new SUVs coming to the market. We’ve also got Trip.com — another major gainer — after Chinese regulators concluded an antitrust investigation into the company. They ruled that Trip.com had abused its dominant position in China’s online hotel-booking market and imposed penalties totaling 5.2 billion yuan — around 770 million U.S. dollars. Clearly, that’s a substantial penalty, but investors appeared relieved that at least the investigation had finally produced a definite outcome and Trip.com shares were up 3.8 percent,” said Timothy Pope, a market analyst for China Global Television Network (CGTN).
Pope said Hong Kong markets’ tech sector will witness a major optical-transceiver maker begin trading on Thursday, testing international investors’ demand for China’s AI-related tech shares.
“There will also be an enormous Hong Kong listing to watch on Thursday, also in the tech space. Optical-transceiver maker Zhongji Innolight will begin trading after raising 7 billion U.S. dollars. The company is already listed in Shenzhen and is one of the so-called ChiNext ‘Seven Sisters’ — the seven heavyweight growth stocks that collectively dominate the ChiNext. Its Hong Kong debut will provide a useful gauge of international demand for Chinese AI-related tech shares,” said Pope.
Hong Kong stocks rise on positive news of tech, online travel giants: analyst
On Monday, the 48th session of the UNESCO World Heritage Committee in Busan, the Republic of Korea, approved the boundary modification of the Migratory Bird Sanctuaries along the Coast of Yellow Sea-Bohai Gulf of China, officially incorporating the Changshan Archipelago into the World Heritage list.
This marks another expansion of the World Natural Heritage site following its previous expansion in 2024, further improving the integrity of the migratory bird sanctuaries series, according to the National Forestry and Grassland Administration.
The Changshan Archipelago in Dalian, northeast China’s Liaoning Province, sits on the only sea route of the East Asian-Australasian Flyway, and it serves as a critical energy supply stop for tens of millions of migratory birds during their cross-Bohai Sea migration.
The newly added heritage section covers more than 4,900 hectares. The region is rich in biological resources, with over 140 recorded bird species.
At the 43rd session of the UNESCO World Heritage Committee in Baku, Azerbaijan, in 2019, the Migratory Bird Sanctuaries along the Coast of Yellow Sea-Bohai Gulf of China (Phase I) was inscribed on the list. At the 46th session in New Delhi, India, in 2024, UNESCO inscribed Phase II of the Migratory Bird Sanctuaries, expanding the existing site to include five additional protected areas.
China’s Changshan Archipelago migratory bird sanctuary inscribed on World Natural Heritage list
