Hong Kong Stocks Hits Weekly Peak

The Hang Seng Index edged up 776 points, or 3.1%, to close at 25,893 on Wednesday, marking its highest finish of the week, as broad-based buying swept through Hong Kong equities. Investor sentiment was lifted by news of a tentative two-week ceasefire between the United States and Iran, easing concerns over Middle East tensions that had recently weighed on markets. The rally extended beyond purely geopolitical relief, with a combination of lower oil prices, a strengthening yuan, and positive momentum in key Hong Kong sectors reinforcing investor confidence. Most sectors in Hong Kong stock market saw positive momentum, with financials and technology stocks leading the rally. Market movers included Tencent Holdings (+3.8%), Meituan Class (+9.97%), Xiaomi Corporation (+5.5%), Semiconductor Manufacturing (+10.2%), and Pop Mart International (+7.1%).

The Hang Seng Index climbed 707 points, or 2.4%, to 25,725 on Wednesday, bouncing back from a 0.7% drop in the previous session and reaching this week’s highest level. Broad gains across sectors lifted the market as investor confidence improved following a two-week ceasefire agreement between the United States and Iran, which helped ease concerns over military disruptions and reopened the Strait of Hormuz. The deal also contributed to a decline in crude oil prices and supported a rebound Asian equity. Locally, the market opened after the Easter holidays with renewed focus on structural drivers such as a surge in IPO activity in Hong Kong, where more than 40 companies have completed listings this year. Financials, technology, and consumer stocks led the rally, with Shanghai Iluvatar CoreX (17%), Knowledge Atlas Tech (16%), and Jiaxin Intl Rscs Invt (15%). Meanwhile, the early laggards included CNOOC (-3.7%), RemeGen (-2.9%), and SC Kelun-Biotech Biopharm (-2.8%).

The Hang Seng Index slipped 0.7% to close at 25,117 on Thursday, retreating from two consecutive sessions of gains as market optimism faded amid renewed uncertainty over the potential de-escalation of the Middle East conflict. In an address, US President Donald Trump said the war in Iran was “very close” to completion and on track to meet its objectives within the next few weeks, but warned that military operations could intensify. Despite the hardline tone, he emphasized that diplomatic discussions remain ongoing, keeping investors cautious about the potential impact on global markets. The speech came after Trump claimed that Iran’s president had sought a ceasefire in the conflict, a statement Tehran swiftly denied. Most sectors traded lower, with notable declines from Tencent Holdings (-2%), Xiaomi Corporation (-3.9%), Semiconductor Manufacturing International (-3.5%), and Zijin Gold International (-2.9%). The Hang Seng Index is closed on April 3-7 for the Easter holiday.