Hong Kong Stock Market Midday Review: The Hang Seng Index opened high and rose, breaking through the 20,000 mark, with tech stocks collectively surging

According to Jinshi Data on January 20, the Hang Seng Index opened higher in the morning, standing above the 50-day moving average, and then fluctuated upward, breaking through the 20,000 mark. It briefly retreated but turned upward again before noon, stabilizing above the 20,000 level. The Hang Seng TECH Index outperformed the market, driven by a collective surge in technology stocks, rising over 3% during the session. As of the midday close, the Hang Seng Index rose 2.33%, closing at 20,041.09 points, while the TECH Index rose 3.17%, closing at 4,621 points, with a total market turnover of HKD 97.232 billion. On the market, technology stocks collectively strengthened, leading the market, while the biopharmaceutical sector performed strongly, and oil and gas stocks, as well as gold stocks, saw significant declines. In terms of individual stocks, JD.com (09618.HK) surged 7.36%, Tencent Holdings (00700.HK) rose 2.69%, WuXi AppTec (02359.HK) increased by 7.32%, China National Offshore Oil Corporation (00883.HK) fell 2.24%, and China Gold International (02099.HK) dropped 2.9%