Tech Gains and Trade Optimism Propel Hang Seng at Finish
The Hang Seng jumped 550 points, or 2.1%, to close at 26,486 on Thursday, marking its strongest daily gain since mid-August and the highest level in a week after a muted finish previously.
All sectors advanced as Shanghai’s benchmark index reclaimed the key 4,000 mark, with optimism over China’s push for tech self-sufficiency lifting semiconductor and AI-related shares. Risk appetite also improved following upbeat U.S. economic data and strong corporate earnings that sparked a Wall Street rebound.
Tech heavyweights such as SMIC (7.3%), Horizon Robotics (3.2%), and Trip.com (2.5%) led gains, while Cathay Pacific surged 4% to a three-month high after announcing plans to repurchase Qatar Airways’ remaining stake.
So far this week, Hong Kong markets are on track for solid gains following an earlier pullback, supported by a one-year extension of the U.S.–China trade truce suspending most tariffs. Traders now await China’s October trade and inflation data due Friday and over the weekend.
Source : Tradingeconomics.com