The Hang Seng Index rose 43 points, or 0.2%, to close at 25,166 on Wednesday, reversing early losses and ending a four-day losing streak. Market sentiment improved as Chinese equities rallied, boosted by the People's Bank of China's decision to maintain its benchmark interest rate-a move expected to inject liquidity and counter deflationary pressures.
Meanwhile, trading and listing activity in Hong Kong continued to increase, supported by policy measures to stimulate the capital market and simplify IPO procedures. Investors tried to brush aside reports that the US was intensifying scrutiny of Chinese imports-such as steel, copper, and lithium-over alleged human rights violations.
Property and financial stocks rallied, while consumer staples fell slightly. Pop Mart Intl. surged 12.7% to a record high thanks to strong first-half revenue and an optimistic outlook, while Sunny Optical surged 10% on strong earnings. Other companies with significant movements included Laopu Gold (8.9%), Mixue Group (5.7%), and HKEX (1.6%). (alg)
Source: Trading Economics
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