Hang Seng Rebounds to Over 1-Month High After Early Losses
The Hang Seng rose 150 points, or 0.6%, to close at 27,073 on Thursday, reversing early weakness and extending a four-session winning streak.
Markets hit their highest in over a month, amid a rise in U.S. futures after President Trump signed a bill ending the longest government shutdown in American history, resuming normal operations later today. In China, a complete plan to boost the new energy battery sector and promote infrastructure use will be announced soon, according to a senior official.
On the business front, Baidu launched two new AI semiconductors, offering Chinese firms powerful, low-cost, locally controlled computing power. Samsonite surged 15% to an 8-month high after posting solid quarterly profit and signaling a positive year-end outlook.
Other top gainers included SMIC (3.0%), China Hongqiao Group (2.5%), and Zijin Gold Intl. (2.2%). Traders now await China’s October credit data and key figures Friday, including retail sales, industrial output, and fixed investment.
Source: Tradingeconomics.com
