Hang Seng Index Hovered at 4-Year High Amid Earnings Optimism

Li Chen
28 Jan, 2026
Hong Kong

Stocks in China and Hong Kong advanced, and investors anticipated a strong rise in earnings in the final quarter of 2025. 

The Hang Seng Index gained 2.2%, and the mainland-focused CSI 300 Index increased 0.4%, reacting to advances in overnight trading in New York.  

Tech and financial services Extended gains and metals mining companies advanced following another day of weakness in the U.S. dollar. 

The dollar index traded at 96.08 and extended its losses for four straight sessions to a four-year low, as the U.S. president brushed aside the recent decline in the currency. 

Gold prices rose 2.5%, and silver inched up 1.5% ahead of the U.S. Federal Reserve's rate decisions later on Wednesday. 

The central bank is widely anticipated to hold the Fed funds rate between 3.5% and 3.75%, and investors are hoping to get more insights into the long-term outlook for rates. 

 

China Indexes and Stocks 

The Hang Seng Index advanced 2.2% to 27,728.43, and the mainland-focused CSI 300 Index increased 0.4% to 4,727.85. 

Alibaba Group increased 1.8% to HK $172.90, HSBC Holdings increased 2.5% to HK $138.40, SMIC inched up 2.4% to HK $78.40, and NetEase edged up 2.2% to HK $211.80. 

Three mainland companies priced their initial public offering amid strong demand from investors. 

Busy Ming Group soared more than 80% to HK $407.20, and the food and beverage retailer priced its initial public offering at HK $236.60 per share. 

The chain operating convenience stores in busy areas raised gross proceeds of HK $3.7 billion through the sale of 15.5 million shares. 

Shandong Nongda Fertilizer jumped to 51.10 yuan on the Beijing stock exchange after the company completed its initial public offering. 

Shenzhen CSL Vacuum Science and Technology soared 275% to 345 yuan after the company listed its stock on the Shanghai Stock Exchange.