On January 27, 2025, the Hong Kong stock market closed higher. The Hang Seng Index (HSI) rose by 0.66%, the Hang Seng China Enterprises Index (HSCEI) increased by 0.97%, the Hang Seng Tech Index (HSTECH) gained 0.64%, and the Hang Seng China-Affiliated Corporations Index (HSCCI) climbed by 0.82%.

In terms of sectors, the blockchain concept stocks saw significant gains, with OSL GROUP rising by 1.22%. The property management sector also performed well, with A-LIVING up by 2.23%. The casino sector saw gains, with SANDS CHINA LTD increasing by 1.77%. The internet technology sector was notable, with TENCENT up by 1.28% and BABA-W rising by 2.95%.

TENCENT rose by 1.28%. Alibaba's stock surged over 3%, reaching a recent high, while Tencent's call options saw nearly 10,000 transactions in half a day, with Baidu and Alibaba leading the gains in Hong Kong stocks.

BABA-W increased by 2.95%. Alibaba's stock surged over 3%, reaching a recent high, while Tencent's call options saw nearly 10,000 transactions in half a day, with Baidu and Alibaba leading the gains in Hong Kong stocks.

XIAOMI-W rose by 0.68%. A report by CICC highlighted that mainland public funds actively increased their holdings in Hong Kong stocks in the fourth quarter of last year, with the proportion of Hong Kong stock holdings in their stock investment value rising to 30.5%, the highest since 2019. Xiaomi holds multiple financial licenses, including commercial factoring, consumer finance, and third-party payment.

SMIC dropped by 7.63%. Semiconductor stocks in Hong Kong collectively fell, with SMIC's H-shares extending their decline to over 7%. The sector saw significant drops, with Solomon Systech falling over 10%, and Hua Hong Semiconductor down by 6.63%.

SENSETIME-W surged by 7.24%. AI concept stocks continued to rise in the afternoon, with Meitu (01357.HK) up by 16.29%, Kingsoft Cloud (03896.HK) up by 11.23%, and SenseTime (00020.HK) up by 11.18%. The release of the DeepSeek R1 model by the Chinese AI company DeepSeek sparked significant interest, leading to a surge in AI-related stocks.

KINGSOFT rose by 4.38%. AI concept stocks continued to rise in the afternoon, with Meitu (01357.HK) up by 16.29%, Kingsoft Cloud (03896.HK) up by 11.23%, and SenseTime (00020.HK) up by 11.18%. The release of the DeepSeek R1 model by the Chinese AI company DeepSeek sparked significant interest, leading to a surge in AI-related stocks.

GDS-SW increased by 8.85%. AI concept stocks continued to rise in the afternoon, with Meitu (01357.HK) up by 16.29%, Kingsoft Cloud (03896.HK) up by 11.23%, and SenseTime (00020.HK) up by 11.18%. The release of the DeepSeek R1 model by the Chinese AI company DeepSeek sparked significant interest, leading to a surge in AI-related stocks.

MEITU surged by 16.29%. AI concept stocks continued to rise in the afternoon, with Meitu (01357.HK) up by 16.29%, Kingsoft Cloud (03896.HK) up by 11.23%, and SenseTime (00020.HK) up by 11.18%. The release of the DeepSeek R1 model by the Chinese AI company DeepSeek sparked significant interest, leading to a surge in AI-related stocks.

COUNTRY GARDEN rose by 5.95%. The real estate sector saw gains, with Country Garden leading the rise.

SUNAC increased by 6.00%. The real estate sector saw gains, with Sunac leading the rise.

INNOSCIENCE dropped by 13.33%. Semiconductor stocks in Hong Kong collectively fell, with SMIC's H-shares extending their decline to over 7%. The sector saw significant drops, with Solomon Systech falling over 10%, and Hua Hong Semiconductor down by 6.63%.

LAOPU GOLD surged by 10.88%. Laopu Gold's stock price rose over 8% in early trading, reaching a high of 399 HKD, setting a new record. On January 26, COMEX gold futures closed up 0.45%, reaching a nearly two-month high. Citi's research report indicated that Laopu Gold's brand popularity and product competitiveness would remain strong this year. Based on higher sales assumptions, the bank raised its net profit forecast for 2024-2026 by 7-15%, with expected net profit growth of 221%, 50%, and 29%, respectively. The bank gave Laopu Gold a "buy" rating, raising the target price from 267.8 HKD to 460.2 HKD.

HUA HONG SEMI fell by 6.63%. Semiconductor stocks in Hong Kong collectively fell, with SMIC's H-shares extending their decline to over 7%. The sector saw significant drops, with Solomon Systech falling over 10%, and Hua Hong Semiconductor down by 6.63%.

KINGSOFT CLOUD surged by 11.23%. AI concept stocks continued to rise in the afternoon, with Meitu (01357.HK) up by 16.29%, Kingsoft Cloud (03896.HK) up by 11.23%, and SenseTime (00020.HK) up by 11.18%. The release of the DeepSeek R1 model by the Chinese AI company DeepSeek sparked significant interest, leading to a surge in AI-related stocks.

SOLARON SYSTECH dropped by 10.38%. Semiconductor stocks in Hong Kong collectively fell, with SMIC's H-shares extending their decline to over 7%. The sector saw significant drops, with Solomon Systech falling over 10%, and Hua Hong Semiconductor down by 6.63%.