Hong Kong stocks closed (01.06) | The Hang Seng Index closed up 1.38%, and large financial stocks gained strength, and the concept of smart driving is trending strongly

The Zhitong Finance App learned that the three major indices of Hong Kong stocks rose strongly today. Among them, the Hengke Index once rose more than 2%. At the close, the Hang Seng Index rose 1.38% or 363.21 points to 26710.45 points, with a full-day turnover of HK$291,758 billion; the Hang Seng State-owned Enterprises Index rose 1.05% to 9244.24 points; and the Hang Seng Technology Index rose 1.46% to 5825.26 points.

China Merchants Securities International pointed out that a “good start” in 2026 sets the tone, and the allocation of Hong Kong stocks is at the right time. The government's “15th Five-Year Plan” opening policy and the “national team” backed up A-shares ensured the lower limit of the Hong Kong stock index. New momentum support, financial market liquidity, the moderate appreciation of the RMB, and the trend of capital market transformation have all supported the strengthening of equity asset pricing.

Blue-chip stock performance

China's Hongqiao (01378) led the blue chip increase. At the close, it rose 6.14% to HK$35.26, with a turnover of HK$2,778 billion, contributing 10.84 points to the Hang Seng Index. At the beginning of the new year, Aluminum broke through the 3,000 US dollar mark, setting the highest record since 2022; Shanghai Aluminum's main contract also broke through the 24,000 yuan/ton mark. CITIC Construction Investment Securities believes that supply and demand are in a tight balance, and based on the fact that supply is threatened by electricity, the price of electrolytic aluminum rises and falls easily, and profits continue to expand at a high level.

In terms of other blue-chip stocks, JD Health (06618) rose 5.41% to HK$61.35, contributing 5.7 points to the Hang Seng Index; Ping An (02318) rose 4.96% to HK$72, contributing 36.43 points to the Hang Seng Index; Hengan International (01044) fell 2.57% to HK$27.28, dragging down 0.75 points; and Alibaba-W (09988) fell 1.31% to HK$150.8, dragging down the Hang Seng Index by 26.57 points.

Popular sector aspects

On the market, large technology stocks had mixed ups and downs. Fast Processing rose more than 2%, while Ali fell 1.31%. The capital market is heating up, and financial stocks such as Chinese brokerage firms are gaining strength; non-ferrous metals stocks are strong, with gold stocks and copper stocks having the highest gains; commercial aerospace concepts picked up in the afternoon, and Goldwind Technology once rose by more than 7% with Blue Arrow; Nvidia announced many developments in the field of autonomous driving, and smart driving concept stocks are rising; travel concepts, robotics concepts, and AI medical concepts are active. On the other side, adjustments have been made to optical communication, brain-computer interface concept stocks, etc.

1. Financial stocks such as Chinese brokerage firms are gaining strength. At the close, Jiufang Smart Investment Holdings (09636) rose 18.84% to HK$57.35; China Merchants Securities (06099) rose 12.03% to HK$16.2; China Galaxy (06881) rose 7.7% to HK$11.33; and Cathay Pacific Haitong (02611) rose 7.66% to HK$18.42.

Since the beginning of the year, the popularity of the capital market has heated up. On January 6, the Shanghai Composite Index continued to strengthen and recorded 13 consecutive days, breaking a new high since the end of July 2015. Zhongyuan Securities said that as the beginning of the “15th Five-Year Plan”, the overall operation of the capital market is expected to remain relatively strong in 2026. The securities industry will continue to be in this upward cycle, and there is relatively limited room for the average valuation of the brokerage sector to continue to decline. The year-on-year pressure on the operating performance of listed brokerage firms in the first quarter of 2026 is relatively light, and the brokerage sector will fluctuate at the current relatively low level to prepare new investment opportunities. Guojin Securities, on the other hand, suggests continuing to focus on opportunities for undervalued brokerage firms to make up for gains under the volatile spring market.

2. Non-ferrous metals stocks were strong throughout the day. At the close, China Alcoa International (02068) rose 8.05% to HK$2.82; Zhaojin Mining (01818) rose 7.29% to HK$34.46; Ganfeng Lithium (01772) rose 6.57% to HK$56.8; and Jiangxi Copper (00358) rose 5.51% to HK$44.8.

Recently, major futures contracts for products such as gold, silver, copper, and lithium carbonate have continued to rise recently. CITIC Construction Investment pointed out that the US launched a large-scale military operation against Venezuela in the early morning of January 3. This move was strongly condemned by the international community, making the international situation even more tense, driving the continuation of safe-haven funds and the central bank's allocation of gold, and strengthening the precious metals bull market pattern. In terms of basic metals, at the beginning of the new year, mine workers went on strike on the copper supply side, making the already tight supply conflict even more prominent; the supply of electrolytic aluminum faced hidden production cuts, and Lunan Aluminum took the lead in opening up space above integer prices.

3. Smart driving concepts are mostly rising. At the close, Zhejiang Shibao (01057) rose 21.53% to HK$6.21; Youchao Innovation (02431) rose 11.24% to HK$14.45; My Little Pony Zhixing-W (02026) rose 6.92% to HK$131.3; and Hesai-W (02525) rose 5.9% to HK$194.

On January 5, Nvidia CEO Hwang In-hoon unveiled the Alpamayo platform at the CES exhibition in Las Vegas, enabling cars to “reason” in the real world. Hwang In-hoon said that the first car equipped with Nvidia technology will hit the US in the first quarter, Europe in the second quarter, and Asia in the second half of the year. Additionally, Nvidia announced the open source of its first inference VLA (vision-language-action) model, Alpamayo 1, a move aimed at accelerating the development of safe autonomous driving technology. Citigroup analysts released a report saying that the next-generation artificial intelligence platform, open model, and ecosystem launched by Nvidia are expected to spawn demand for autonomous taxis and support global economic growth.

4. Commercial space picked up in the afternoon. At the close, Junda shares (02865) rose 8.01% to HK$22.38; Goldwind Technology (02208) rose 5.72% to HK$15.7; and Asia Pacific Satellite (01045) rose 4.3% to HK$3.64.

Recently, there have been frequent catalysts in the commercial space sector. According to the official WeChat account of Galaxy Power Aerospace, Galaxy Power Aerospace will take the opportunity to launch the “Ceres 1 Sea-launched (Remote 7)” commercial launch vehicle mission in the near future. The mission code name is Watch the Tide. Previously, on December 31, Blue Rocket Aerospace's IPO was accepted, and it is proposed to go public on the Science and Technology Innovation Board to raise 7.5 billion yuan to increase production capacity and technology for reusable rockets. Guohai Securities believes that with the acceleration of commercial aerospace industrialization, the space industry is expected to develop rapidly, and companies related to the industry chain are expected to experience simultaneous increases in performance and valuation.

Popular exotic stocks

1. Xindong (02400) moved higher throughout the day, rising 6.04% to HK$70.2 at the close.

On January 5, Xindong announced the launch of a large-scale share repurchase program. According to the announcement, Xindong Company signed an agreement with an independent broker on January 5, 2026 to launch an automatic share repurchase program totaling HK$400 million. The program will begin before January 9, 2026 and will be valid until June 4, 2026.

2. Hesai-W (02525) pulled up intraday and closed at the close, up 5.9% to HK$194.

Hesai Technology announced that the company has been selected by Nvidia as a lidar partner for the “NVIDIA DRIVE AGX Hyperion 10 Platform”. Furthermore, Hesai Technology announced at CES 2026 that it will double the company's planned annual production capacity from 2 million units in 2025 to 4 million units in 2026.

3. Cathay Pacific (00293) shares were under pressure and closed down 2.6% to HK$12.75.

Air China announced that it has agreed to place 108 million Cathay Pacific shares at a price of HK$1,222 per share, accounting for about 1.61% of Cathay Pacific's share capital, involving approximately HK$1,321 billion. The placement price was 6.65% off Cathay Pacific's closing price yesterday. According to Air China's financial department estimates, the sale of shares is expected to achieve a profit of about RMB 182 million before tax.