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On January 21st, Hong Kong stocks opened lower but then trended higher, with the indices surging towards the close. The Hang Seng Tech Index rose as much as 1.7%, and the Hang Seng Index closed up 0.37% at 26,585.06 points. The Hang Seng Tech Index closed up 1.11% at 5,746.3 points. The total turnover of the Hang Seng Index market was HK$250.451 billion. On the sector front, gold and chip stocks strengthened, robotics concepts were active, and tech stocks rebounded; sporting goods and retail stocks declined. In terms of individual stocks, GigaDevice (03986.HK) rose over 6%, doubling its share price in just 7 days since its listing; Skyworth Group (00751.HK) resumed trading and rose 37.5%, MicroPort Robotics (02252.HK) rose 17.3%, TCL Electronics (01070.HK) rose nearly 15%, Delin Holdings (01709.HK) rose nearly 12%, Yuejiang (02432.HK) and Chifeng Gold (06693.HK) rose over 9%, Hua Hong Semiconductor (01347.HK) rose over 5%, and Kuaishou (01024.HK) rose 3.6%; Anta Sports (02020.HK) fell 4.2%, China Resources Land (01109.HK) fell nearly 3%, and Lenovo Group (00992.HK) fell 2.4%.The Hang Seng Index closed up 97.55 points, or 0.37%, at 26,585.06 on Wednesday, January 21; the Hang Seng Tech Index closed up 62.86 points, or 1.11%, at 5,746.3; the H-share Index closed up 28.19 points, or 0.31%, at 9,122.95; and the Red Chip Index closed up 15.13 points, or 0.36%, at 4,203.86.Hong Kong stocks closed higher, with the Hang Seng Index rising 0.37% and the Tech Index rising 1.11%. Chip and gold stocks strengthened, and tech stocks rebounded. Chifeng Gold (06693.HK) rose more than 9%, Hua Hong Semiconductor (01347.HK) rose more than 5%, and Kuaishou (01024.HK) rose 3.6%.On January 21, European Central Bank President Christine Lagarde stated that the new round of tariffs imposed by US President Donald Trump will have a negligible impact on European inflation. She said, "If we look at it from a short-term perspective, the direct impact is relatively small." Lagarde noted that Trumps latest threats will raise the average tariff rate in the Eurozone from approximately 12% to 15%. She added, "Inflation may be affected very slightly, perhaps rising slightly, but since the inflation rate is already at 1.9%, the impact will be negligible." However, she warned that large exporting countries, including Germany, will be hit harder than others, and cautioned about a potential confidence shock.The National Highway Traffic Safety Administration (NHTSA) has recalled 116,672 Ford vehicles in the United States due to a potential fire risk caused by an electrical short circuit.

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