The Hang Seng rose 215 points or 0.8% to finish at 26,911 on Wednesday, increasing for the third consecutive session and reaching a one-month peak amid widespread gains across sectors. Sentiment strengthened after China's central bank pledged to keep an "appropriately loose" monetary stance, ensure ample liquidity, and promote policy transmission.
An uptick in U.S. futures also lifted risk appetite as the record-long U.S. government shutdown appeared close to ending. Property shares led the rise, jumping over 3%, following Beijing's plan to expand private sector participation in infrastructure and energy projects to boost weak investment.
Financials also gained after mainland car sales rose 8.8% yoy in October, the strongest in 10 months. However, gains were capped by caution ahead of key Chinese data later this week, including industrial output, retail sales, and the jobless rate. Top advancers included Sun Hung Kai Properties (5.4%), China Resources Land (3.6%), and AIA Group (2.0%).
Source: Trading Economi
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