The Hang Seng climbed 233 points, or 0.9%, to close at 26,855 on Tuesday, reversing early losses to hit a two-week high on broad-based gains.
The index jumped 7% in September, its fifth straight monthly advance, and posted a third quarterly gain of 11.6%, fueled by AI optimism, strong inflows, and bets of fresh policy support from Beijing ahead of the October plenum. Still, upside was capped by U.S. political uncertainty, with Vice President Vance warning the government was "headed to a shutdown" amid stalled budget talks. Profit-taking also weighed as traders braced for China's week-long holiday (Oct. 1–8), with Hong Kong markets shut on Oct. 1 and 7.
Meanwhile, September PMI data pointed to easing contraction in Chinese manufacturing but slower growth in services. ZG Group surged 15% on plans to repurchase up to 107.11 million shares, while MMG Ltd. gained 7.5% on debt repayment news. Other top performers included Kuaishou (7.4%), Akeso (4.7%), Geely Auto (4.5%), and SMIC (3.8%).
Source: Trading Economics
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