Hong Kong Shares Advance Slightly

The Hang Seng Index rose 127 points, or 0.5%, to 25,780 on Thursday, recovering losses from the previous session as benchmark tracked gains after Wall Street advanced, with investors encouraged by easing geopolitical concerns following progress in US-Iran negotiations, which helped improve risk sentiment and supported a pullback in oil prices. On the domestic front, sentiment was also lifted by strength in global equities, as optimism over artificial intelligence demand continued to underpin technology shares, even as volatility in NVIDIA weighed on parts of the chip sector after a lukewarm reaction to its sales forecast. Electronic technology shares surged about 12.2%, led by Semiconductor Manufacturing International Corporation, which gained around 4.5%. Other notable movers included Tencent Holdings (0.1%), AIA Group (1.3%), Meituan (2.8%), Lenovo Group (1.4%), and XPeng Inc. (4.1%).

The Hang Seng Index fell about 0.6% to close at 25,651 on Wednesday, retreating from the previous session’s gains as investors locked in profits in technology and growth stocks amid weaker sentiment across Asia. Caution grew following overnight softness on Wall Street, particularly among chipmakers and AI-related shares, which weighed on Hong Kong-listed tech giants. Traders also monitored rising US Treasury yields and uncertainty over the timing of Federal Reserve rate cuts, dampening appetite for risk assets. Meanwhile, lingering geopolitical tensions and volatile oil prices added to investor caution, offsetting optimism over Hong Kong’s improving IPO pipeline and stronger-than-expected recovery signals from mainland China. Notable decliners were Hesai Group (-9%), MiniMax (-7.5%), Laopu Gold (-6.9%), RoboSense (-6%), Zijin Gold (-4.3%), Shenzhen (-4%), and Kuaishou (-2.5%). On the upside, electronic technology stocks surged 12.6%, led by Cisco (+29.3%), and Giga Device (+17%).

The Hang Seng Index edged higher 123 points, or 0.5%, to close at 25,798 on Tuesday, rebounding from the previous session as lower oil prices and easing fears of supply disruptions in the Middle East supported risk appetite. Sentiment improved after President Donald Trump said he had called off a planned strike on Iran, although he warned that military forces remain on standby if no agreement is reached. In Hong Kong, tech stocks advanced broadly, with the technology services sector leading gains, rising 10.5%, while financial shares also advanced. Among notable gainers were Tencent Holdings (2.1%), Meituan Class (0.7%), AIA Group (0.8%), Xiaomi Corporation (0.7%), and PICC Property and Casualty Corporation (0.5%). In contrast, Semiconductor Manufacturing International Corporation and Li Auto declined 2.8% and 3.5%, respectively.