Hang Seng Opens Higher: A Real Rebound or Just a Breather?
Hong Kong stocks opened slightly higher Thursday morning (November 6th), following Wall Street's overnight rebound and easing concerns about AI valuations. The Hang Seng Index hovered around 26,173 at the start of the session, following two days of declines. This risk-on tone was supported by US ADP data showing the addition of 42,000 jobs and ISM services activity rising to an eight-month high, signaling a resilient US economy.
In terms of policy sentiment, market participants also weighed signals from the US Supreme Court, which appeared skeptical of the legality of most Trump-era tariffs—reducing the risk of a short-term escalation in trade tensions. However, uncertainty about the ruling remains high, so movement is expected to be cautious.
For regional catalysts, investors are watching the latest Chinese data: October's services indicator continued to expand, albeit at a slowdown, while trade releases (Friday) and inflation (weekend) could be the next drivers for cyclically sensitive stocks in Hong Kong.
Source: Newsmaker.id
