Hong Kong shares rose 205 points, or 0.9%, to 24,385 in early trade on Wednesday (6/25), marking a fourth straight session of gains and maintaining a two-week high. The gains followed an overnight rally on Wall Street, which was driven by optimism that a US-brokered ceasefire between Israel and Iran would hold.
Investors also cheered remarks by Fed Chairman Jerome Powell that the central bank is committed to containing inflation and will likely keep interest rates steady until the impact of tariffs becomes clearer. Sentiment was further supported by a third straight day of gains in mainland markets, with the Shanghai Composite hitting a three-month high amid improving risk appetite and capital inflows.
Strength in Hong Kong markets was broad-based, led by the property, technology and consumer staples sectors. Among the best performers were JD Logistics (8.5%), Zhejiang Sanhua Intelligent (4.4%), SMIC (3.7%), and Pop Mart Intl. (1.7%). (alg)
Source: Trading Economics
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