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 surged 495 points, or 1.9%, to close at 26,322 on Monday (September 29th), recovering from two sessions of decline as all sectors contributed to the rally. Optimism increased after...
The Hang Seng Index opened higher, gaining 193 points to reach 26,321, and is currently up 313 points or 1.2%, standing at 26,442. The China Enterprises Index rose by 89 points or 0.95% to 9,392, whil...
The Hang Seng slipped 356 points, or 1.4%, to end at 26,128 on Friday, marking a second straight session of losses as consumer stocks slumped after President Trump proposed steep tariffs, including a ...
The Hang Seng Index started the day down by 212 points or 0.8%, closing at 26,272 points; the H-share index fell by 77 points or 0.82%, to 9,366 points; while the technology index dropped by 61 points...
The Hang Seng slipped 34 points, or 0.13%, to close at 26,485 on Thursday, swinging from a rally in the previous session and following a subdued morning trade. A retreat from record highs on Wall Str...
With US government funding set to expire at midnight on Tuesday, Republicans and Democrats in Congress show no signs of agreeing to a temporary budget fix that would avert a government shutdown. President Donald Trump will meet with congressional...
Oil declined on signals that OPEC+ will hike production again in November, tempering a strong rally last week. Brent fell back below $70 a barrel after closing at the highest level since late July on Friday. The OPEC+ alliance led by Saudi...
Gold prices surged above $3,800 per oz for the first time on Monday, boosted by growing speculation of a US Federal Reserve interest rate cut, weakening the dollar, while concerns over a possible US government shutdown boosted demand for safe-haven...
Russia's export rules spark diesel market jitters"Boosting prices were initial reports that Russia intends to ban some companies from exporting...
US President Donald Trump on Thursday announced sweeping new import tariffs, including a 100% duty on brand-name drugs and a 25% levy on heavy-duty...
US stocks closed higher on Friday (September 26th), as investors reacted positively to an inflation report that met expectations, while also...
European stocks closed sharply higher on Friday, recovering from losses in the previous two sessions, as markets reassessed the impact of new US...