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On January 9, the Hong Kong stock market commenced trading with a positive tone, as the Hang Seng Index posted a 0.47% gain, while the Hang Seng Tech Index advanced by 0.38%. Leading the charge among the gaining sectors were retail and petroleum & petrochemicals, with Shandong Molong Petroleum Machinery witnessing a remarkable surge of over 6%, and Alibaba Group Holding Limited climbing more than 3%. Conversely, the electrical equipment and pharmaceutical & biological sectors faced headwinds, with GCL-Poly Energy Holdings Limited slipping over 4% and BeiGene, Ltd. declining more than 3%. On this notable day, MiniMax, an AI large model company, made a striking entrance onto the Hong Kong stock market, with its shares rocketing over 42% on their debut.
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