The first trading day of Hong Kong stocks in 2026 started the year with a significant rise, as the three major indexes surged throughout the day. The Hang Seng Index closed up 2.76%, the Tech Index rose 4%, and the China Enterprises Index gained 2.86%. Semiconductors and tech stocks performed strongly together; Hua Hong Semiconductor and Baidu surged over 9%, SMIC rose more than 5%, while Alibaba and Tencent gained over 4%. What will the returns on Hong Kong stocks be like this year? How should we position ourselves in the Hong Kong stock market for 2026?