Hong Kong Stocks Higher as PMI Improves

2026-07-06 02:08 By Nicole Aliyah 1 min. read

The Hang Seng Index rose 0.8%, or 187 points, to 23,529 on Monday, supported by stronger-than-expected private-sector activity after the S&P Global Hong Kong SAR PMI climbed to 52.0 in June from 50.4 in May, marking the fastest expansion since February.

Investors also looked ahead to China's June CPI and PPI data due later this week for fresh clues on the mainland's economic recovery.

Gains were tempered, however, by caution over a record wave of IPO lock-up expirations this week, which could increase share supply and trigger profit-taking in recently listed companies.

Chinese AI developer Knowledge Atlas Technology will see 25.6 million shares, or nearly 6% of its outstanding stock, become eligible for trading on Wednesday, while MiniMax and Shanghai Iluvatar CoreX Semiconductor are also set to unlock sizeable portions of their shares.

Among notable movers were SMIC (1.6%), Innovent Biologics (3.6%), and Kingboard Holdings (2.2%) while Knowledge Atlas Technology declined 7.2%.



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Hong Kong Stocks Higher as PMI Improves
The Hang Seng Index rose 0.8%, or 187 points, to 23,529 on Monday, supported by stronger-than-expected private-sector activity after the S&P Global Hong Kong SAR PMI climbed to 52.0 in June from 50.4 in May, marking the fastest expansion since February. Investors also looked ahead to China's June CPI and PPI data due later this week for fresh clues on the mainland's economic recovery. Gains were tempered, however, by caution over a record wave of IPO lock-up expirations this week, which could increase share supply and trigger profit-taking in recently listed companies. Chinese AI developer Knowledge Atlas Technology will see 25.6 million shares, or nearly 6% of its outstanding stock, become eligible for trading on Wednesday, while MiniMax and Shanghai Iluvatar CoreX Semiconductor are also set to unlock sizeable portions of their shares. Among notable movers were SMIC (1.6%), Innovent Biologics (3.6%), and Kingboard Holdings (2.2%) while Knowledge Atlas Technology declined 7.2%.
2026-07-06
Hong Kong Stocks Extend Gains for Second Day
The Hang Seng Index climbed 1.3%, or 295 points, to close at 23,350 on Friday, extending gains for a second straight session as technology, financial, and consumer stocks led broad-based gains. The market outperformed several Asian peers despite renewed weakness in technology and artificial intelligence-related shares, as investors elsewhere continued to rotate out of the sector on concerns that the AI-driven rally had become overextended. In Hong Kong, investors continued to favor internet companies amid attractive valuations, while improved global risk sentiment following the latest US jobs data eased concerns over further Fed rate hikes. Investors are looking ahead to June economic indicators, set for release in the coming weeks, for additional clues about the health of China's economic recovery. Notable gainers included UBTECH Robotics (17.6%), Akeso (8.0%), Xiaomi (1.6%), Knowledge Atlas (2.2%), and Horizon Robotics (9.1%).
2026-07-03
Hong Kong Stocks Rebound on Bargain Hunting
The Hang Seng Index rose 0.8%, or 174 points, to close at 23,055 on Thursday, as gains in technology, financial, and retail stocks lifted the broader market. Buying was supported by bargain hunting after recent losses, despite a technology-driven selloff on Wall Street overnight. Investor sentiment toward technology shares remained positive amid growing optimism over the long-term outlook for Hong Kong-listed internet companies. In addition, sentiment was further supported by growing enthusiasm for AI after Chinese developer Zhipu briefly surpassed HK$1 trillion in market value last month. Meanwhile, according to reports Kevin Warsh said inflation expectations and inflation risks had eased in recent weeks while reaffirming the Federal Reserve's commitment to restoring price stability. Notable gainers were Tencent (0.1%), Xiaomi (4.2%), Meituan (3.1%), Innovent Biologics (7.0%), and AIA (1.4%).
2026-07-02