Stocks in Hong Kong Hit 4-week High

The Hang Seng Index climbed 75 points, or 0.3%, to close at 25,947 on Wednesday, extending gains for a second consecutive session as improved risk sentiment and softer oil prices supported buying across the market. The advance was driven by lower oil prices and growing expectations of progress toward a diplomatic breakthrough in the Middle East. Sentiment was also supported by a broader easing in global risk concerns, as reports of potential renewed US-Iran negotiations helped push crude prices lower and reduce inflation fears. Locally, sentiment was supported by ongoing Hong Kong fundraising activity, including China’s Huaqin seeking to raise about US$581 million through a share sale, highlighting continued equity issuance in the market despite volatility. Tech and consumer stocks led the gains with notable movers included Tencent Holdings (1.2%), Pop Mart International (1.2%), Semiconductor Manufacturing (2.3%), Xiaomi Corporation (0.6%), and Meituan Class (1.4%).

HK50 increased to 26231.00 Index Points, the highest since March 2026. Over the past 4 weeks, Hong Kong Stock Market Index (HK50) gained 1.54%, and in the last 12 months, it increased 24.58%.

The Hang Seng Index climbed 211 points, or 0.8%, to close at 25,872 on Tuesday, bouncing after a brief pullback in the previous session as optimism over a potential Iran deal lifted risk sentiment. The advance tracked overnight gains on Wall Street after US President Donald Trump signaled renewed prospects for talks with Tehran, easing concerns over a prolonged disruption to energy flows despite the ongoing blockade of the Strait of Hormuz. Oil prices also retreated on signs the two sides may revive ceasefire negotiations, further supporting equities by helping ease inflationary pressures and reducing concerns over tighter monetary policy, which improved appetite across the region. Most sectors in Hong Kong stock market saw positive momentum, with financials, consumer and technology stocks leading the rally. Notable movers included Tencent Holdings (0.7%), Pop Mart International (6.5%), Xiaomi Corporation (0.7%), Semiconductor Manufacturing (1.4%), Unisound AI Technology (32.8%).