Hong Kong’s Hang Seng Index Soars by 2.63%
On January 23, the Hang Seng Index in Hong Kong rose by 392.8 points, or 2.63%, to close at 15353.98 points. The main board transaction volume for the day was recorded at HK$124.067 billion.
The state-owned enterprise index also saw a significant increase, rising by 138.98 points to close at 5140.93 points, marking a 2.78% increase. Additionally, the Hang Seng Technology Index rose by 112.34 points to close at 3147.81 points, a 3.7% increase.
Several blue chip stocks experienced notable gains, including Tencent Holdings, which rose by 3.74% to close at HK$272; Hong Kong Exchanges and Clearing, which saw a 5.32% increase to close at HK$233.4; and China Mobile, which rose by 0.08% to close at HK$63.85. HSBC Holdings also experienced a 1.2% increase, closing at HK$59.2.
Local stocks in Hong Kong also saw positive movement, with Cheung Kong Holdings rising by 1.3% to close at HK$35; Sun Hung Kai Properties increasing by 0.54% to close at HK$74.5; and Henderson Land rising by 1.48% to close at HK$20.6.
Chinese financial stocks also saw gains, with Bank of China rising by 1.07% to close at HK$2.84; China Construction Bank increasing by 2.08% to close at HK$4.41; Industrial and Commercial Bank of China rising by 1.98% to close at HK$3.61; Ping An of China increasing by 5.03% to close at HK$31.3; and China Life seeing a 3.36% increase, closing at HK$8.61.
Petroleum and petrochemical stocks also experienced positive movement, with Sinopec rising by 0.54% to close at HK$3.7; PetroChina increasing by 1.02% to close at HK$4.95; and China National Offshore Oil rising by 1.22% to close at HK$13.26.
The substantial increases across various sectors contributed to the overall rise in the Hang Seng Index, reflecting positive market sentiment and investor confidence in the region on January 23.