Hong Kong stocks rise on positive news of tech, online travel giants: analyst

China

Hong Kong stocks rise on positive news of tech, online travel giants: analyst

2026-07-28 01:27 Last Updated At：12:11

The Hong Kong stock markets went up on Monday as news on major listing companies such as Xiaomi and Trip.com sends positive signals to investors, said an analyst.

Major indices in the market ended higher on the day, with the benchmark Hang Seng Index up 0.98 percent to close at 25,207.18 points, the Hang Seng China Enterprises Index rising 1.14 percent to end at 8,365.38 points, and the Hang Seng Tech Index increasing by 1.57 percent to end at 4,702.05 points.

"Many of the day's largest moves were driven by company-specific news. Xiaomi was the top performer, adding 7.3 percent after announcing a product launch for Thursday evening. There is going to be a couple of things included in that one, including two new SUVs coming to the market. We've also got Trip.com -- another major gainer -- after Chinese regulators concluded an antitrust investigation into the company. They ruled that Trip.com had abused its dominant position in China's online hotel-booking market and imposed penalties totaling 5.2 billion yuan -- around 770 million U.S. dollars. Clearly, that's a substantial penalty, but investors appeared relieved that at least the investigation had finally produced a definite outcome and Trip.com shares were up 3.8 percent," said Timothy Pope, a market analyst for China Global Television Network (CGTN).

Pope said Hong Kong markets' tech sector will witness a major optical-transceiver maker begin trading on Thursday, testing international investors' demand for China's AI-related tech shares.

"There will also be an enormous Hong Kong listing to watch on Thursday, also in the tech space. Optical-transceiver maker Zhongji Innolight will begin trading after raising 7 billion U.S. dollars. The company is already listed in Shenzhen and is one of the so-called ChiNext 'Seven Sisters' -- the seven heavyweight growth stocks that collectively dominate the ChiNext. Its Hong Kong debut will provide a useful gauge of international demand for Chinese AI-related tech shares," said Pope.

18th BRICS Summit to advance Global South agenda: news editor

India is expected to advance the Global South agenda at the 18th BRICS Summit in New Delhi on Saturday and Sunday, said a senior executive editor with Indian broadcaster NewsX World in an interview with China Global Television Network (CGTN).

NewsX World Senior Executive Editor Megha Sharma said that building economic resilience is one of the priorities of India in implementing the chairmanship of BRICS this year.

The theme of the forthcoming BRICS Summit is "Building for Resilience, Innovation, Cooperation and Sustainability."

"Building for resilience and innovation, for cooperation and sustainability, to push forward again the Global South agenda. Talking about innovation, we are talking about digital public infrastructure. This is something that India has pushed successively," said Sharma.

She said successful outcomes from the Summit could include progress in counter-terrorism cooperation and digital infrastructure construction.

"Counter-terrorism cooperation. There have been a lot of terrorist attacks that have taken place. Building digital infrastructure, digitally public infrastructure, whether it is about UPI (Unified Payment Interface) that India has been advocating and successfully implementing in countries in the subcontinent, in Southeast Asia and Africa as well," said Sharma.

Launched in 2009, BRICS has grown to 11 full member states and 10 partner countries representing major emerging markets and developing economies across the globe.