Hang Seng Extends Rally to Third Session

The Hang Seng Index climbed 230 points, or 0.9%, to 26,160 on Thursday, extending gains for a third consecutive session and tracking an overnight rally on Wall Street, where sentiment was buoyed by rising optimism over potential US–Iran ceasefire negotiations. Easing oil prices, with crude trading below the $100-per-barrel mark, helped ease inflation concerns and supported regional equities in the region. However, markets remained sensitive to developments in the Strait of Hormuz, as any renewed disruption to energy supply routes could quickly weigh on sentiment and trigger volatility. Gains in Hong Kong were broad-based, with technology, financial and consumer stocks benefiting from improved outlook and stronger global cues. Sentiment was further underpinned by selective buying in heavyweight names, with Tencent Holdings (+1.5%), AIA Group (+1.5%), Meituan Class (+0.6%), Kuaishou Technology (+1.2%), and Pop Mart International (+1.5%) among the notable gainers.

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%.