Following a four-month streak of gains, the Hong Kong stock market has continued its upward momentum into September. The Hang Seng Index opened strongly, climbing by 430 points or 1.71% to reach 25,508 points. Meanwhile, the Hang Seng China Enterprises Index rose by 136 points, equivalent to a 1.52% increase, settling at 9,084 points. The Technology Index also experienced a boost, gaining 117 points or 2.07% to stand at 5,792 points.
Technology stocks exhibited robust performance across the board. Tencent saw an increase of 1.4%, while Alibaba surged by an impressive 14.9% following its earnings report. Conversely, Meituan experienced a decline of 1.1%. Xiaomi Group climbed by 1.6%, JD Group rose by 2.2%, and Kuaishou added 1.3% to its value.
In the financial sector, stocks remained relatively stable. HSBC Holdings showed no significant movement, while AIA Group increased by 1.5%, China Ping An rose by 1.2%, and the Hong Kong Stock Exchange added 0.8% to its value.
Automotive stocks displayed mixed results. BYD saw a sharp decline of 8% following its earnings announcement, whereas Geely Automobile managed to rise by 1.4%. Xpeng Motors, however, faced a drop of 1.4%.
Source: DimsumDaily
The Hang Seng Index rose 233 points, or 0.9%, to close at 25,469 on Wednesday (December 17), ending two consecutive sessions of sharp declines as gains spread across all sectors. The index rebounded f...
Equities in Hong Kong rose 104 points, or 0.4%, to 25,341 in early trade on Wednesday, rebounding from steep losses in the previous two sessions. Bargain hunting emerged after markets slid to a near f...
The Hang Seng Index fell 393 points, or 1.5%, to 25,217 on Tuesday (December 16), closing at a nearly four-week low and extending the previous session's sharp decline as mainland Chinese stocks slumpe...
Hong Kong shares dropped 371 points, or 1.4%, to 25,258 Tuesday morning's session, extending steep losses from the previous day as all sectors retreated. Risk appetite was burdened by declines in main...
The Hang Seng Index is expected to open lower on Monday, December 15, 2025, after previously closing slightly above 25,975. This lower opening projection comes amid sluggish global sentiment, after Wa...
Gold prices strengthened as we entered the European session today, Wednesday (December 17th), holding around $4,320 per ounce and remaining close to October's record high of $4,381. This strengthening occurred after the market returned to seeking...
Oil prices hit session highs as the US is reportedly preparing new sanctions against Russia if Moscow rejects a plan to end the war in Ukraine. Brent crude futures rose 2.4% to above $60 a barrel. Prices had previously risen after President Donald...
The Hang Seng Index rose 233 points, or 0.9%, to close at 25,469 on Wednesday (December 17), ending two consecutive sessions of sharp declines as gains spread across all sectors. The index rebounded from a near four-week low, supported by buying...
New York Federal Reserve President John Williams said on Monday the U.S. central bank's interest rate cut last week leaves it in a good position to...
Stocks rose Monday led by a broad array of names as traders bet data set for release this week will point to tame inflation and strong economic...
Asian markets opened lower in the last full trading week of 2025, fueled by concerns about the prospects for tech company profits and growing AI...
Pasangan mata uang EUR/USD mengawali pekan ini dengan nada sedikit melemah di sesi Asia, diperdagangkan di sekitar 1,1730, turun kurang dari 0,10%...