Hong Kong Stocks Rebound After Two-Day Losing Streak

2026-10-09 02:25 By Nicole Aliyah 1 min. read

The Hang Seng Index rose 1.0%, or 247 points, to 24,031 on Friday, snapping a two-session losing streak as investors bought back beaten-down stocks following recent declines.

Sentiment improved as US futures advanced and Asian shares recovered from earlier losses, while oil prices retreated after US President Trump said he would not attack Iran before the November midterm elections.

The pullback in oil prices offered some relief on inflation concerns, although elevated Treasury yields continued to weigh on the broader outlook.

Tech, financial, and property shares led advances, offset by weakness in healthcare and technology services.

Notable movers were AIA (2.5%), Tencent (1.4%), Sun Hai Kung Property (1.2%), PICC Property & Casualty Co. (1.4%), and Xiaomi (1.5%) while Wuxi Biologics and CSPC Pharmaceutical (-1.2%) declined.

Investors also looked ahead to China's September inflation figures and trade data following the resumption of mainland markets after the Golden Week holiday.



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Hong Kong Stocks Rebound After Two-Day Losing Streak
The Hang Seng Index rose 1.0%, or 247 points, to 24,031 on Friday, snapping a two-session losing streak as investors bought back beaten-down stocks following recent declines. Sentiment improved as US futures advanced and Asian shares recovered from earlier losses, while oil prices retreated after US President Trump said he would not attack Iran before the November midterm elections. The pullback in oil prices offered some relief on inflation concerns, although elevated Treasury yields continued to weigh on the broader outlook. Tech, financial, and property shares led advances, offset by weakness in healthcare and technology services. Notable movers were AIA (2.5%), Tencent (1.4%), Sun Hai Kung Property (1.2%), PICC Property & Casualty Co. (1.4%), and Xiaomi (1.5%) while Wuxi Biologics and CSPC Pharmaceutical (-1.2%) declined. Investors also looked ahead to China's September inflation figures and trade data following the resumption of mainland markets after the Golden Week holiday.
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The Hang Seng Index fell 1.4%, or 345 points, to close at 23,786 on Thursday, extending its morning losses as broad risk-off sentiment intensified. The pullback on Wall Street and renewed concerns over inflation and interest rates weighed on sentiment. An overnight Wall Street selloff, coupled with a sharp rise in US Treasury yields, heightened concerns over higher-for-longer interest rates, while Brent crude remained above US$100 a barrel, adding to inflationary pressures. Locally, Hong Kong's private-sector activity remained in contraction, with the September PMI falling to 49.2 from 49.5 in August, marking a second straight month below the 50 threshold. Technology stocks were the biggest drags, with Tencent (-2.2%), SMIC (-6.7%), Kingboard Laminates (-6.4%), Genscript Biotech (-5.1%), and Lenovo (-8.1%) were among the notable decliners. On the positive side, China's mainland markets reopened after the holiday.
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The Hang Seng Index declined 0.6%, or 145 points, to close at 24,131 on Wednesday, reversing part of previous session's rebound, as renewed gains in oil prices revived inflation and interest-rate concerns. Brent crude rose above US$101 a barrel after a storm threatened US Gulf oil facilities and Iran-backed Houthis launched attacks on targets in Saudi Arabia, raising concerns over global energy supplies. The rise in oil prices offset positive cues from Wall Street, while markets continued to scale back expectations for another Federal Reserve rate hike this month. Hong Kong trading also remained subdued as mainland Chinese markets and Southbound Stock Connect stayed closed for the National Day holiday, limiting mainland buying support. Healthcare and technology stocks, which led Tuesday’s rebound, came under renewed selling pressure,  with Tencent (-1.8%), Wuxi Biologics (-2.1%), Genscript Biotech (-12.7%), Xiaomi (-1.3%), and Z.AI Co. (-2.7%) among the notable decliners.
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