Hong Kong Stock Market Midday Review: Hang Seng Index Closed Up 0.83%, Chip Stocks Pulled Back After Rally

On January 16th, Jin Shi Data reported that U.S. stocks surged overnight, and Hong Kong stocks opened higher following the upward trend. The Hong Kong market saw a pullback after an early morning surge, with the Hang Seng Index closing up 0.83% at 19,445.68 points. The Hang Seng Tech Index rose 0.86% to 4,401.33 points. In the market, technology stocks experienced high volatility, automotive stocks rebounded, pharmaceutical stocks strengthened, precious metals sector rose, chip stocks pulled back after a surge, and consumer stocks declined. In terms of individual stocks, SHIYUE DAOTIAN (09676.HK) rose 13.6%, CARSGEN-B (02171.HK) increased by 14%, HUA HONG SEMI (01347.HK) gained 4.9%, Bilibili (09626.HK) was up 5%, XPeng (09868.HK) rose 3.6%, and ZIJIN MINING (02899.HK) increased by 3.3%. SMIC (00981.HK) closed down 0.27%, having once risen over 6% in the morning session