Hong Kong Stocks Rise on Tech Rebound

2026-06-29 02:06 By Nicole Aliyah 1 min. read

The Hang Seng Index climbed 1.6%, or 355 points, to close at 23,027 on Monday, rebounding after back-to-back declines in the previous two sessions as bargain hunting emerged in beaten-down technology shares.

Gains were led by health technology and retail trade stocks, while sentiment was further supported by firmer global risk appetite after reports that the US and Iran had stepped back from escalating hostilities, boosting US equity futures and encouraging buying across Asian markets.

Investor confidence also drew support from stronger-than-expected profits at China's industrial firms in the first five months of the year, confidence in the country's manufacturing sector.

However, investors took caution ahead of this week's release of China's official PMI data.

Among the top gainers were Tencent (+2.0%), Semiconductor Manufacturing International Corporation (+6.0%), Meituan (+5.3%), Xiaomi (+2.1%), and AIA (+2.0%).



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Hong Kong Stocks Rise on Tech Rebound
The Hang Seng Index climbed 1.6%, or 355 points, to close at 23,027 on Monday, rebounding after back-to-back declines in the previous two sessions as bargain hunting emerged in beaten-down technology shares. Gains were led by health technology and retail trade stocks, while sentiment was further supported by firmer global risk appetite after reports that the US and Iran had stepped back from escalating hostilities, boosting US equity futures and encouraging buying across Asian markets. Investor confidence also drew support from stronger-than-expected profits at China's industrial firms in the first five months of the year, confidence in the country's manufacturing sector. However, investors took caution ahead of this week's release of China's official PMI data. Among the top gainers were Tencent (+2.0%), Semiconductor Manufacturing International Corporation (+6.0%), Meituan (+5.3%), Xiaomi (+2.1%), and AIA (+2.0%).
2026-06-29
Hong Kong Stocks Drop on Tech Weakness
The Hang Seng Index fell 1.8%, or 405 points, to close at 22,672 on Friday, extending its losses as a broad selloff in artificial intelligence and semiconductor-related stocks weighed on sentiment across regional markets. The cautious mood followed renewed weakness in global technology shares after overnight declines on Wall Street. Investors remained cautious despite the Hong Kong debut of Apple supplier Lingyi iTech, whose HK$8.3 billion IPO underscored continued interest in AI-related listings but failed to improve broader market sentiment. Technology stocks led the decline, while financial and producer manufacturing shares also came under pressure. Among the notable laggards were Tencent (-2.0%), AIA (-1.8%), Semiconductor Manufacturing International Corporation (-6.8%), Meituan (-3.0%), and Kingboard Laminates (-5.2%).
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Hong Kong Stocks Sink to One-Year Low
The Hang Seng Index fell 335 points, or 1.4%, to close at 23,077 on Thursday, retreating from gains in the previous session and touching its lowest level since May 2025, as investors remained cautious ahead of Hong Kong's trade balance data. Still, losses were partly tempered by strength in technology shares after Micron Technology issued a stronger-than-expected forecast and highlighted robust AI-driven demand for memory chips, boosting sentiment across the semiconductor sector. Meanwhile, lower oil prices, driven by signs of increasing supply and progress in US-Iran peace negotiations, helped ease inflation concerns. Investors also monitor strong southbound inflows from mainland China, which have been supporting Hong Kong equities amid a revival in IPO activity. Notable losers included Tencent (-1.7%), Meituan (-2.4%), Xiaomi (-2.9%), Sunny Optical Technology (-11.7%), and Trip.com (-10.9%).
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