Hong Kong Stocks Reverse Morning Losses

2026-09-30 07:43 By Nicole Aliyah 1 min. read

The Hang Seng Index rose 0.4%, or 106 points, to 24,628 on Wednesday, reversing losses in the morning session as stronger Chinese economic data and renewed buying support lifted sentiment.

China’s manufacturing PMI returned to expansion at 50.1 in September from 49.8 in August, while the non-manufacturing PMI rose to 50.2 from 49.0 and the private RatingDog manufacturing PMI climbed to 52.1, a five-month high, amid expectations for further policy support.

Meanwhile, comments from New York Fed President John Williams that the Fed could take time to assess incoming data eased some rate-hike concerns, although elevated US Treasury yields continued to weigh on sentiment.

Tech and biotech stocks provided additional support with Z.AI Co (4.6%), Xiaomi (0.4%), Kingboard Laminates (0.5%), Wuxi Biologics (5.1%) and Akeso (2.1%) rising.

For the month, the market fell 4.2%, weighed down by higher Treasury yields, oil prices and renewed US rate concerns, but gained about 6.5% for the quarter.



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Hong Kong Stocks Reverse Morning Losses
The Hang Seng Index rose 0.4%, or 106 points, to 24,628 on Wednesday, reversing losses in the morning session as stronger Chinese economic data and renewed buying support lifted sentiment. China’s manufacturing PMI returned to expansion at 50.1 in September from 49.8 in August, while the non-manufacturing PMI rose to 50.2 from 49.0 and the private RatingDog manufacturing PMI climbed to 52.1, a five-month high, amid expectations for further policy support. Meanwhile, comments from New York Fed President John Williams that the Fed could take time to assess incoming data eased some rate-hike concerns, although elevated US Treasury yields continued to weigh on sentiment. Tech and biotech stocks provided additional support with Z.AI Co (4.6%), Xiaomi (0.4%), Kingboard Laminates (0.5%), Wuxi Biologics (5.1%) and Akeso (2.1%) rising. For the month, the market fell 4.2%, weighed down by higher Treasury yields, oil prices and renewed US rate concerns, but gained about 6.5% for the quarter.
2026-09-30
Hong Kong Stocks Slip Despite Regional Gains
The Hang Seng Index slipped 0.3%, or 83 points, to 24,440 on Wednesday, extending losses despite a rebound across most Asian markets, as investors remained cautious amid uncertainty over the outlook for US interest rates and a busy slate of economic data from China. Market sentiment remained cautious as US Treasury yields stayed elevated, increasing pressure on equities globally. The decline in Hong Kong came despite improving economic signals from mainland China. China's official manufacturing purchasing managers' index rose to 50.1 in September from 49.8 in August, returning to expansion territory and suggesting that factory activity was gaining momentum. Beijing’s targeted credit and mortgage-support measures announced Tuesday were also in focus ahead of the Oct. 1-7 holiday. Notable declines came from Tencent (-0.8%), China Resources Land (-2.9%) and Akeso (-2.6%) while Z.AI Co. (5.0%) and MiniMax (3.5%) rose.
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Hong Kong Stocks Pull Back on Yield, Tech Pressures
The Hang Seng Index declined 0.5%, or 119 points, to close at 24,524 on Tuesday, as investors remained cautious amid higher oil prices, elevated global bond yields and continued weakness in Chinese technology stocks. Brent crude rose 0.6% to around US$106 a barrel amid ongoing Middle East supply concerns, reinforcing inflation and interest-rate worries. Moreover, overnight losses on Wall Street with the 10-year yield rising above 5.2% and the 30-year yield reaching around 5.55%, adding to pressure on global risk assets. Meanwhile, mainland Chinese technology shares remained under pressure after the US moved toward restricting Chinese-made components used in AI data centers, while broader Chinese equities were also hurt by fading optimism following the Trump-Xi meeting. Cautious positioning ahead of China’s National Day holiday also limited risk appetite.  Notable laggards included Tencent (-1.8%), Xiaomi (-2.6%), AIA (-0.2%), Meituan (-2.0%), and Geely (-7.4%).
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