On January 24, 2025, the Hong Kong stock market closed higher. The Hang Seng Index (HSI) rose by 1.86%, the Hang Seng China Enterprises Index (HSCEI) increased by 2.06%, the Hang Seng Tech Index (HSTECH) surged by 3.15%, and the Hang Seng China-Affiliated Corporations Index (HSCCI) gained 0.52%.

In terms of industry sectors, the Hong Kong Apple concept stocks saw a significant increase of 5.79%, with notable gains in Sunny Optical up 7.99% and FIH up 5.06%. The Hong Kong semiconductor sector also performed well, rising by 5.36%, with SMIC up 5.76%. The Hong Kong SaaS concept stocks rose by 4.93%, with Kingdee Int'l up 9.15%. The Hong Kong tobacco stocks increased by 3.72%, and the Hong Kong aluminum stocks rose by 3.69%.

XIAOMI-W surged by 6.81% due to the recall of 31,000 SU7 standard version electric vehicles because of software strategy issues that could lead to abnormal intelligent parking assistance functions, posing safety risks.

BYD COMPANY rose by 1.40% as Chinese electric vehicle manufacturers SAIC Group, Geely Holding Group, and BYD filed a lawsuit against the European Commission, protesting its anti-subsidy tax policy on Chinese-made electric vehicles.

TRIP.COM-S increased by 5.25% as the Hong Kong stock market opened higher, with the Hang Seng Tech Index rising by over 1%, leading to gains in Trip.com, SMIC, and Xiaomi.

WUXI APPTEC rose by 2.85% as Hong Kong biopharmaceutical stocks rallied, with WuXi AppTec up over 6%, WuXi Biologics up nearly 5%, and CanSino Biologics and Tigermed up over 4%.

CHALCO surged by 5.60% as the Hong Kong stock market opened higher, with the Hang Seng Index up 0.72% and the Tech Index up 0.66%. China Aluminum Corporation expects its net profit for 2024 to increase by 79% to 94% year-on-year.

KINGSOFT CLOUD soared by 9.96% after signing a comprehensive computing power service agreement worth 116 million yuan with PING AN Information, providing new growth momentum for Kingsoft Cloud in the sustainable energy field.