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Hong Kong stocks opened lower, with the Hang Seng Index down 0.41% and the Tech Index down 0.28%. Tech stocks were mixed, with Alibaba (09988.HK) down more than 2% and Hua Hong Semiconductor (01347.HK) up more than 2%.
On Wednesday, January 7, the Hong Kong Hang Seng Index opened down 108.62 points, or 0.41%, at 26,601.83; the Hong Kong Hang Seng Tech Index opened down 16.25 points, or 0.28%, at 5,809.01; the H-share Index opened down 27.5 points, or 0.3%, at 9,216.74; and the Red Chip Index opened down 2.72 points, or 0.07%, at 4,138.17.
On January 7th, Changan Automobile issued a statement addressing recent online rumors claiming that "Changan Automobile has canceled year-end bonuses." The company solemnly declares the following: In 2025, Changan Automobiles overall operations remained stable. Based on its annual performance, the company has formulated and implemented corresponding incentive plans according to its incentive standards to effectively protect employee rights and contribute to the companys sustainable development. Such false information has severely negatively impacted Changan Automobiles brand reputation and normal business operations. The internet is not above the law. The company will take legal measures to resolutely defend its legitimate rights and interests against the fabrication and dissemination of false information, and jointly maintain a clean online environment and fair market competition.
Lenovo unveiled its next-generation AI PC, a flagship Motorola smartphone, a sensing AI concept necklace, and concept smart glasses.
The yield on Japans 20-year government bonds rose 1 basis point to 3.09%, hitting a new high.