Hong Kong Stock Market Midday Review: The Hang Seng Index surged in the morning and then retreated, with Chinese brokerage stocks leading the market

According to Jinshi Data on January 23, the Hang Seng Index opened higher in the morning and surged, reaching a high of 20,044.06 points, up more than 1.3%. It then fluctuated and retreated, essentially giving back its gains. The Hang Seng Tech Index briefly turned negative in the afternoon session. As of the midday close, the Hang Seng Index rose 0.24% to 19,826.00 points, while the Tech Index increased by 0.10% to 4,585.64 points, with a total market turnover of HKD 74.571 billion. On the market, most sectors were in the green but pulled back after reaching highs. Chinese brokerage stocks performed strongly, leading the market, while chip stocks maintained their strong momentum for several days. Gold stocks and domestic property stocks showed weakness. In terms of individual stocks, China Merchants Securities (06099.HK) rose 3.36%, SMIC (00981.HK) increased 1.66%, ZHAOJIN MINING (01818.HK) fell 2.55%, and Country Garden (02007.HK) dropped 13.4%