The Hang Seng Index opened higher, rising 212 points or 0.97%, to reach 22,027 points. The China Enterprises Index climbed 80 points, or 1%, to 8,083, while the Tech Index advanced 75 points, or 1.43%, to 5,310.Technology stocks posted strong performances, with gains across major players. Tencent rose 1.7%, Alibaba edged up 0.1%, Meituan gained 1.4%, Xiaomi rose 1.8%, JD.com climbed 2.3%, and Kuaishou surged 3.3%.Financial stocks also provided significant support to the market. HSBC advanced 0.4%, AIA rose 1.7%, Ping An Insurance increased by 1.2%, and the Hong Kong Exchanges and Clearing gained 1.9%.
Hong Kong stocks surged 376 points or 1.7% to 22,196 in Friday's morning session, recovering from slight losses in the previous session amid broad sector gains. Markets reached their highest level in over four months, on track for a fifth consecutive weekly gain, up around 5.0% so far. This upturn was driven by signals from China's central bank indicating plans to ease monetary policy when appropriate to support an economy facing growing domestic and external challenges.
Overnight on Wall Street, equities closed considerably higher after President Trump boosted optimism about resolving the Ukraine conflict and delayed a decision on imposing additional tariffs on imported goods. Alibaba Health International surged 10.1%, followed by Pop Mart International (6.8%), Wuxi Biologics (5.5%), Horizon Robotics (4.9%), Kingdee International Software (3.7%), and Tencent Holdings (2.3%).
Source: Dimsumdaily.HK and Trading Economi
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