Hong Kong's stock market rebounded after a one-day hiatus. Signs of stabilization in the property sector and gains in technology stocks boosted positive sentiment. As of 9:55 a.m. local time, the Hang Seng Index rose 1.3% to 27,191.99, and Hang Seng Tech rose 2.2%.
Tech stocks led the way: Kuaishou surged 8%, Baidu and Alibaba both rose 3.7%, JD.com rose 2.5%, Tencent added 2.1%, Meituan 1.8%, and Xiaomi 1.9% after reporting deliveries of over 40,000 cars in September. Meanwhile, Trip.com fell 1.9%, Pop Mart 1.5%, Li Auto 0.7%, and Anta Sports 1.2%. Mainland Chinese markets were closed until October 8th for National Day and the Mid-Autumn Festival.
On the property front, sales of China's 100 largest developers edged up 0.4% in September to 252.8 billion yuan, reversing a 17.6% decline in August. This slight increase comes after nearly three years of policy support, including the recent easing of purchasing rules in Beijing and Shanghai.
Positive sentiment was also evident elsewhere in Asia: Japan's Nikkei 225 rose 0.6%, Australia's S&P/ASX 200 rose 1.3%, and South Korea's Kospi surged 3.1%. Overall, good news from the property sector and a rally in technology stocks were the main drivers of the region's market rally.
Source: Newsmaker.id
The Hang Seng slipped 224 points, or 0.9%, to close early at 25,630 on the final trading day of 2025, as markets closed early ahead of the New Year. The index reversed the prior session's strength as ...
The Hang Seng Tech Index fell 1% to 5,521, indicating renewed pressure on Hong Kong technology stocks in the latest trading session. This decline reflects a more cautious sentiment towards the techno...
The Hang Seng rose 219 points, or 0.9%, to end at 25,855 on Tuesday, reversing prior losses with broad-based sector gains. Tech stocks led the rally, up 1.7% on strong moves from SMIC (4.5%), Horizon ...
The Hang Seng fell 184 points, or 0.7%, to close at 25,635 on Monday, reversing modest gains from the previous session, as markets entered the final trading week of 2025. Early strength was erased aft...
Hong Kong stocks rose 213 points, or 0.8%, to 26,025 on Monday morning, extending their gains for a second session as market participants opened the final week of 2025. The Hang Seng Index also hovere...
Gold prices rose in early Asian trading amid growing geopolitical concerns in the Middle East. This increase occurred as tensions between Saudi Arabia and the United Arab Emirates escalated in recent days, prompting investors to seek safe haven...
World oil prices stabilized on the first trading day of 2026 after experiencing a sharp decline throughout last year. West Texas Intermediate (WTI) crude traded above US$57 per barrel, while Brent, the global benchmark, closed below US$61 per...
Oil prices fell on Wednesday (December 31st), posting a nearly 20% annual loss, as expectations of oversupply grew in a year marked by war, higher tariffs, increased OPEC+ production, and sanctions against Russia, Iran, and Venezuela. Brent crude...
The US Federal Reserve agreed to cut interest rates at its December meeting only after a highly nuanced debate about the current risks facing the US...
European stocks picked up steam on Tuesday, extending gains to notch a fresh record high.
The pan-European Stoxx 600 index provisionally closed...
US stocks held their muted momentum on Tuesday, set to close the year relatively near recent record highs as markets assessed the outlook of robust...
Geopolitical tensions in Latin America are escalating again, particularly regarding Venezuela and pressure from US policies. This situation has...