On January 16, 2026, the Hong Kong stock market closed lower. The Hang Seng Index fell by 0.29%, the Hang Seng China Enterprises Index decreased by 0.50%, the Hang Seng Tech Index slightly declined by 0.11%, and the Hang Seng Composite Index dropped by 0.34%.

Nio, Alibaba up about 1%; Tencent down 0.7%; JD down 1.3%; Xiaomi down 2%.

In terms of sectors, the electric equipment sector saw significant gains, driven by the State Grid's announcement of a 4 trillion yuan investment plan during the "15th Five-Year Plan" period. DONGFANG ELEC rose by 4.92%, and HARBIN ELECTRIC increased by 5.78%. The semiconductor sector also performed well, with HUA HONG SEMI surging by 7.39%.

For individual stocks, MiniMax saw a significant increase of 22.35% after announcing the open-source release of the OctoCodingBench, a systematic evaluation set for code intelligence agents, which boosted investor confidence.

In contrast, POP MART fell by 5.60% following an investigation by a U.S. labor rights organization into labor exploitation allegations at its mainland subcontractor, Shun Jia Toys.