Hong Kong Stock Market Rally on January 29, 2026: Property Developers Surge, Tech and Chip Stocks Decline
On January 29, 2026, the Hong Kong stock market showed mixed performance. The Hang Seng Index rose 0.51% to 27,968.09, driven by strong gains in property developers like Sunac China (+29%) and Country Garden (+16%). The Hang Seng China Enterprises Index also increased by 0.42%. However, the Hang Seng Tech Index fell 1%, with chip stocks such as Hua Hong Semiconductor and SMIC declining over 3-5%. The alcohol beverage sector also saw significant gains, with stocks like Zhenjiu Lidu rising over 12%.