The Hang Seng inched up 33 points or 0.1% to finish at 25,928 on Wednesday, marking a third straight session of gain amid a rise in U.S. futures as recent economic data bolstered expectations of a Fed rate cut in December. Most sectors in the city advanced, led by property and financials, even as mainland markets eased ahead of industrial profit figures due Thursday.
Locally, Hong Kong's exports held near a four-year high in October, while imports saw their strongest growth in five months. On the corporate front, Alibaba reported stronger-than-expected quarterly revenue, supported by rising demand for one-hour delivery and solid cloud growth.
Miniso climbed 2.2% after its Q3 results pointed to a recovery, with Deutsche Bank resuming coverage at "buy." Sunshine Lake Pharma jumped nearly 5% after announcing plans for a share buyback to signal confidence in long-term prospects. In contrast, EV maker NIO plunged around 4% after issuing soft Q4 guidance despite a Q3 margin beat.
Source: Trading Economi
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