[MARKET UPDATE] Shanghai Composite opens +0.1% while the Hang Seng surges higher (+1.5%) as Gigadevice (3986 HK) debuts in Hong Kong, with shares +53%

The Shanghai Composite opening slightly higher and the Hang Seng surging significantly indicates positive sentiment in the Chinese equities market, likely fueled by Gigadevice's impressive debut.

Newsquawk StaffPublished 13 Jan 2026, 02:01 UTCOn the live feed at 01:41 UTC — 2 more headlines followed before this page went public

Newsquawk headlinesUTC

01:55

Iranian authorities claim that the situation is 'under control'

01:52

[MARKET ANALYSIS] Asia-Pac equities follow on from the gains seen stateside, with many indices reaching new ATHs

01:41

[MARKET UPDATE] Shanghai Composite opens +0.1% while the Hang Seng surges higher (+1.5%) as Gigadevice (3986 HK) debuts in Hong Kong, with shares +53%

01:39

South Korea Finance Ministry Official says we are considering issuing FX stabilisation bonds as early as January to build FX reserves

01:36

Gigadevice (3986 HK) +53% as the stock debuts in Hong Kong

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Context

A 53% jump in its shares suggests strong investor interest and could lift broader market confidence, potentially triggering further inflows into tech stocks or IPOs in the region.

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