Hong Kong Shares Advance on US-Iran Optimism

2026-05-22 02:10 By Nicole Aliyah 1 min. read

The Hang Seng Index climbed 220 points, or 0.9%, to close at 25,606 on Friday, recovering from the previous session’s losses and tracking overnight gains on Wall Street and boosted sentiment amid hopes for a potential US-Iran agreement to end the conflict.

Reports indicated that Iran viewed the latest US proposal as helping to narrow differences between the two sides, reinforcing hopes for progress in negotiations.

On the data front, investor sentiment was also supported after Hong Kong’s inflation rate held steady at 1.7% in April, unchanged from the previous month, signaling stable underlying price pressures.

In Hong Kong, technology services surged 12.6%, led by strong gains in SMIC and Lenovo, which rose 7.6% and 19.8%, respectively, while financial stocks also contributed to the rally as investors rotated into the sector amid improving risk appetite.

Other notable movers included Tencent Holdings (0.6%), Knowledge Atlas Technology (26.9%), and Sunny Optical Technology (1.5%).



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Hong Kong Shares Advance on US-Iran Optimism
The Hang Seng Index climbed 220 points, or 0.9%, to close at 25,606 on Friday, recovering from the previous session’s losses and tracking overnight gains on Wall Street and boosted sentiment amid hopes for a potential US-Iran agreement to end the conflict. Reports indicated that Iran viewed the latest US proposal as helping to narrow differences between the two sides, reinforcing hopes for progress in negotiations. On the data front, investor sentiment was also supported after Hong Kong’s inflation rate held steady at 1.7% in April, unchanged from the previous month, signaling stable underlying price pressures. In Hong Kong, technology services surged 12.6%, led by strong gains in SMIC and Lenovo, which rose 7.6% and 19.8%, respectively, while financial stocks also contributed to the rally as investors rotated into the sector amid improving risk appetite. Other notable movers included Tencent Holdings (0.6%), Knowledge Atlas Technology (26.9%), and Sunny Optical Technology (1.5%).
2026-05-22
Hong Kong Shares Falls on Profit-Taking
The Hang Seng Index fell 265 points, or 1.0%, to close at 25,386 on Thursday, reversing earlier gains as investor sentiment weakened and profit-taking emerged across the broader market, with losses in financial and technology services stocks weighing on the benchmark. The cautious tone came amid softer regional risk appetite following recent market advances. In Hong Kong, Sany Heavy Equipment International dropped 9.3%, marking its lowest level since January 16. Other major laggards included Tencent Holdings (-3.5%), Semiconductor Manufacturing International Corporation (-2.0%), and Meituan Class (-0.6%). Despite the broader decline, electronic technology shares outperformed, rising 9.9%, with Sunny Optical Technology gaining around 9.2%. Meanwhile, investors also awaited inflation data due today for signals on interest rates and global monetary policy direction.
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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%).
2026-05-21