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Pop Mart leads Hong Kong stocks higher
Hong Kong stocks rose for a fourth straight day on January 26, with the Hang Seng Index increasing 0.4 percent to 26,844.04, driven by gains in Chinese equities amid ongoing geopolitical concerns.
Pop Mart, a blind-box toy maker, rose 4.3 percent to HK$229 (US$29.38) after a 23 percent rise last week following a share buyback announcement.
Zijin Mining gained 2.9 percent to HK$41.60 (US$5.34), while JD.com and NetEase increased 1.1 percent and 0.8 percent, respectively.
Baidu declined 2 percent to HK$157.30 (US$20.18), and SMIC fell 0.9 percent to HK$77.40 (US$9.93).
Gold prices surpassed US$5,000 per ounce for the first time, amid rising geopolitical tensions and investor preference for safe-haven assets.
🔗 Source: South China Morning Post
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