Hong Kong stocks rose 55 points, or 0.2%, to 26,210 in early trading on Tuesday (November 4), posting a second consecutive session of gains. Market sentiment was boosted by positive comments from Chief Executive John Lee, who revealed that Hong Kong had recorded 80 initial public offerings (IPOs) in the first ten months of 2025, underscoring the strength of the city's capital market. Furthermore, Chinese Vice President He Lifeng expressed hope for increased economic and financial cooperation between Hong Kong and mainland China, further strengthening Hong Kong's position as a global financial center.
However, despite the positive sentiment, stock gains were capped by declining US futures, due to uncertainty over the direction of Federal Reserve policy after two interest rate cuts this year. Concerns about a US government shutdown also weighed on the market. Some stocks that made significant moves this morning included H World Group, which surged 5.5%, SMIC, which rose 3.4%, and Citic Ltd. and Tencent Music Entertainment, which rose 3.0% and 2.4%, respectively. (az)
Source: Newsmaker.id
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