Hong Kong Stock Market Today: Hang Seng Jumps 1.7% After China GDP Beat as Sigenergy Doubles on Debut
Hong Kong’s Hang Seng Index surged 1.72% to wrap up Thursday at 26,394.26, fueled by a rush into tech and battery names after China’s first-quarter growth numbers topped forecasts. Tech stocks popped: the Hang Seng Tech index rallied 3.67%, while Alibaba climbed 5.6%, Tencent rose 3.6%, Baidu rocketed 7.7%, and Meituan added 2.8%. This move lands at a time when Hong Kong is already riding a solid quarter for both trading and fundraising. According to its March market highlights, HKEX reported average daily turnover jumped 14% year-on-year in the first three months of 2026. IPO activity stood out—initial public offerings brought in HK$109.9 billion, marking a staggering 488% surge.