Hong Kong Stocks Rise on Ceasefire Hopes

2026-05-29 02:04 By Nicole Aliyah 1 min. read

The Hang Seng Index rose 176 points, or 0.7%, to close at 25,182 on Friday, recovering losses from the previous sessions as improved risk sentiment followed a tentative agreement between the US and Iran to extend their ceasefire by 60 days, easing concerns over potential supply disruptions in the Middle East.

Improved sentiment boosted risk appetite, while oil prices edged lower on expectations that shipments through the Strait of Hormuz could resume more smoothly.

In the region, gains were broad-based, led by finance, producer manufacturing, and technology shares with Lenovo jumping almost 22.0% as optimism surrounding AI-driven demand and strong earnings momentum continued to support the stock.

Among other notable movers were Tencent Holdings (0.5%), AIA Group (0.1%), Pop Mart International (7.4%), Meituan Class (0.2%), and Sunny Optical Technology (13.8%).

Meanwhile, Semiconductor Manufacturing International Corporation and Xiaomi fell 7.5% and 1.8%, respectively.



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Hong Kong Stocks Rise on Ceasefire Hopes
The Hang Seng Index rose 176 points, or 0.7%, to close at 25,182 on Friday, recovering losses from the previous sessions as improved risk sentiment followed a tentative agreement between the US and Iran to extend their ceasefire by 60 days, easing concerns over potential supply disruptions in the Middle East. Improved sentiment boosted risk appetite, while oil prices edged lower on expectations that shipments through the Strait of Hormuz could resume more smoothly. In the region, gains were broad-based, led by finance, producer manufacturing, and technology shares with Lenovo jumping almost 22.0% as optimism surrounding AI-driven demand and strong earnings momentum continued to support the stock. Among other notable movers were Tencent Holdings (0.5%), AIA Group (0.1%), Pop Mart International (7.4%), Meituan Class (0.2%), and Sunny Optical Technology (13.8%). Meanwhile, Semiconductor Manufacturing International Corporation and Xiaomi fell 7.5% and 1.8%, respectively.
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