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Stock Market 16 January 2026

Hang Seng slips as tech drags again, while chip and AI names buck the trend in Hong Kong

Hang Seng slips as tech drags again, while chip and AI names buck the trend in Hong Kong

Hong Kong stocks edged down Friday, slipping after an initial bounce. Drops among big internet players and cyclical sectors weighed on the market, even as semiconductor and AI-related stocks showed gains. The shifts are significant as investors juggle two competing factors: new regulatory risks in China’s consumer internet sector and a surge of capital flowing into chips and AI companies. Hong Kong finds itself caught in the middle, serving as a key listing venue for both areas.
Glencore share price: GLEN.L in focus as China hurdles shadow Rio Tinto deal talk

Glencore share price: GLEN.L in focus as China hurdles shadow Rio Tinto deal talk

London, January 16, 2026, 07:56 GMT — Premarket Glencore shares opened cautiously Friday after a Reuters report suggested any deal with Rio Tinto might hinge on selling assets to appease Chinese regulators, with copper and iron ore marketing flagged as key issues. Barrenjoey analyst Glyn Lawcock said Beijing would likely use the review to “squeeze out assets.” On Thursday, Glencore closed at 491.0 pence, up 6.8 pence, or roughly 1.4%.
Rio Tinto stock price in focus: China approval risk hangs over Glencore talks

Rio Tinto stock price in focus: China approval risk hangs over Glencore talks

London, Jan 16, 2026, 07:55 GMT — Premarket Rio Tinto plc shares head into Friday’s London session with China casting a shadow over any potential deal with Glencore. Analysts warn Beijing might demand asset sales to greenlight a merger. Barrenjoey’s Glyn Lawcock suggested China could leverage the talks to “squeeze out assets,” pointing out the merged company would represent around 17% of global copper supply. Barclays, however, estimates the figure closer to 7.5%.

Stock Market Today

  • ASX Seen Lower as Oil Falls on US-Iran Talks; Northern Star Resources Holds to Gold Sales Goal
    July 1, 2026, 9:04 PM EDT. Australian stocks look set to open down Thursday with oil slipping over 1% to the lowest since March after progress in US-Iran talks eased concerns over supply. Northern Star Resources kept its fiscal 2026 gold sales target, giving the mining sector a steadier footing while the broader market weakens. Investors remain cautious, watching commodity moves as geopolitical headlines hit sentiment.
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