Hong Kong Stocks Start Month Higher

The Hang Seng Index rose 170 points, or 0.7%, to 25,357 on Monday, kicking off the new month on a positive note as gains in technology services, electronic technology, and consumer-related stocks lifted the market. Sentiment was supported by continued optimism surrounding artificial intelligence-related investments and renewed buying at the beginning of the month. Investors continued to monitor developments in the Middle East after oil prices advanced and the US dollar strengthened amid limited progress toward a permanent US-Iran ceasefire. Although elevated geopolitical tensions kept energy markets in focus, Hong Kong equities remained supported by steady risk appetite. Among the biggest gainers were Tencent Holdings (2.4%), Akeso Inc. (9.14%), Lenovo (5.8%), Pop Mart International (3.4%), and Xiaomi Corporation (2.1%).

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.

The Hang Seng Index fell 322 points, or 1.3%, to close at 25,006 on Thursday, pressured by weakness in financial, technology services, and retail trade stocks, as investors turned cautious amid mixed signals surrounding prospects for a US-Iran agreement to end the conflict. Reports suggesting uncertainty over the progress of negotiations weighed on regional sentiment, while higher crude oil prices further dampened risk appetite following gains in energy markets. Notable laggards included Tencent Holdings (-2.3%), Meituan (-5.7%), Kuiashou Technology (-1.1%), and AIA Group (-2.7%). Losses were partially cushioned by strength in electronic technology shares surging 0.3%, with Semiconductor Manufacturing International Corporation and Pop Mart International rising nearly 3.6% and 5.0%, respectively. Investors also looked ahead to the release of Hong Kong’s latest trade data, which showed the trade deficit widening to HKD 29.5 billion in April 2026.