Hang Seng Reverses Early Losses to End Higher
The Hang Seng added 47 points, or 0.2%, to close at 26,696 on Tuesday, reversing morning losses amid eventual gains in property and financial stocks.
Markets ended in the green for the second day, supported by relief over the impending end of the U.S. government shutdown, after the Senate passed a funding deal. At the same time, hopes grew that domestic activity in China will remain resilient toward year-end as Beijing continues its efforts to support the sluggish economy.
Meanwhile, Hong Kong’s final Q3 GDP figures are due later this week and may show modest improvement, according to flash estimates. EV maker Xpeng surged near 18% to its highest level since July 2022, boosted by strong sales momentum, with October monthly deliveries hitting a record 42,013 vehicles.
Other top performers included H World Group (3.2%), KE Holdings (2.7%), Laopu Gold (2.1%), and Galaxy Entertainment (1.6%). In contrast, SMIC fell 3.0%, pressured by concerns about an overheated AI rally.
Source : Tradingeconomics.com
