Why did the Hang Seng Index today rally?

Tech strength drove the move. Baidu rose 9.35% on a Kunlun chip spin-off plan, and the Biren Technology IPO surged 75.82% on debut. Those catalysts boosted chip and new‑economy sentiment, lifting risk appetite and helping the index close near the day’s high with broad participation across leaders.

How does the Biren Technology IPO affect Hong Kong stocks?

A strong Biren Technology IPO signals demand for growth stories, especially in chips. It can support liquidity, improve sentiment across new listings, and raise peer valuations. If post‑listing trading stays firm, it may encourage more tech IPOs and keep capital rotating into higher‑beta names within Hong Kong stocks.

What does the Baidu spin-off mean for the market?

The Baidu spin-off plan for its Kunlun chip unit suggests value creation and a cleaner focus on AI. Markets often reward clearer structures with better transparency and funding options. The news lifted chip sentiment and became a clear upside driver for large tech, helping broaden gains across the index.

What key levels should I watch on the Hang Seng Index today?

First resistance is 26,345 (intraday high), then 27,000–27,381 (year high). Support sits near 26,140–26,150 (upper Bollinger band), 25,708 (middle band), and 25,964 (50‑day average). A close above 26,345 would favor continuation, while pullbacks toward support can offer measured entry points.

Global Market Insights

^HSI Today January 04: Tech Surge as Biren IPO, Baidu Spin-Off Lift HK

ByHuzaifa Zahoor January 4, 2026January 4, 2026

Hang Seng Index today delivered a strong start to 2026, with the ^HSI up 2.76% to 26,338.47. Hong Kong stocks rallied as Baidu jumped 9.35% on a Kunlun chip spin-off plan, while the Biren Technology IPO surged 75.82% on debut. The day’s strength came from chips and new‑economy names, signaling better risk appetite. We review what drove the move, key technical levels, and how investors can position if momentum in China tech extends through January.