Market Overview - The Hong Kong stock market opened positively on January 2, 2026, with the Hang Seng Index rising over 700 points, a gain of 2.76%, and the Hang Seng Tech Index increasing by 4% [2] - The total net inflow into Hong Kong stocks through the Stock Connect in 2025 reached 1.406 trillion HKD, a year-on-year increase of 74%, indicating strong support from domestic investors [8] Sector Performance - Semiconductor stocks performed well, with Wall Street's first GPU stock, Wallen Technology, seeing a nearly 120% increase on its debut, closing up over 75%, with a total market capitalization of 82.6 billion HKD [5] - The solar energy sector also saw significant gains, with GCL-Poly Energy rising nearly 21% and GCL-Technology increasing by nearly 5% [7] - Major tech stocks such as Baidu, New Oriental, and NetEase experienced substantial gains, with Baidu up over 9% and New Oriental up over 7% [6][9] Investment Outlook - According to industry analysts, the Hong Kong stock market is expected to continue its bullish trend in 2026, with a focus on growth and value reconstruction [8] - The Hang Seng Tech Index's price-to-earnings ratio stands at 24 times, significantly lower than the Nasdaq 100's 46 times, indicating a valuation gap [8] Precious Metals - Precious metals have seen a rise, with spot silver and New York silver both increasing by 4%, and spot gold rising by 1.5% [10] - Analysts remain optimistic about gold assets in the medium to long term, citing factors such as a weak dollar and a potential crisis of confidence in the dollar [11] Silver Market Dynamics - There is a divergence in views regarding silver's performance, with some institutions believing it may be nearing the end of its upward trend, while others see its growing importance in technology as a driver for a new cycle [12]
港股大涨超700点 百度涨超9% 壁仞科技最高涨120% 机构：2026年港股牛市延续