Hong Kong Stocks Gain as Middle East Tensions Ease

2026-05-06 02:16 By Nicole Aliyah 1 min. read

The Hang Seng Index edged higher by 315 points, or 1.2%, to close at 26,214 on Wednesday, as investors tracked gains in global equities while still weighing uncertainty from the Middle East.

Sentiment improved after Washington moved to de-escalate tensions with Iran, halting offensive operations, reaffirming the ceasefire, and a temporary suspension of efforts to support vessels leaving the Strait of Hormuz.

Oil prices also eased after recent spikes driven by supply disruption concerns, helping to relieve pressure on inflation expectations and improving the outlook for regional equities.

In Hong Kong, tech stocks led gains, with Semiconductor Manufacturing International Corporation (SMIC) rising 5.7%.

Moreover, Meitu Inc. surged 12.2%, hitting highest level since April 20, after reporting strong core revenue growth driven by demand for its photo, video, and design products.

Other movers included Xiaomi (1.2%), Kuaishou Technology (1.9%), AIA Group (1.8%), and China Hongqiao (1.3%).



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