Hong Kong Stocks Open Higher, Hang Seng Rises Above 26,000
The Hong Kong Stock Exchange (Hong Kong) opened trading on Tuesday (December 2) with positive sentiment. The benchmark Hang Seng Index opened up around 0.6%, rising 155 points to around 26,188.55. This increase continued the positive trend from early December, after the index closed in the green in the previous session.
The opening gains were driven by continued solid buying interest in leading stocks, particularly the technology, consumer, and financial sectors, which have recently been driving market movements. Optimism regarding a possible US interest rate cut this month has helped maintain investor risk appetite, although concerns about a global economic slowdown have not completely dissipated.
Despite the strong opening, market participants remain cautious as the index's movement has the potential to fluctuate throughout the day, in line with the release of global economic data and developments in sentiment on Wall Street. Investors are also closely monitoring news from mainland China, including factory activity data and stimulus policies, which often determine the next direction for stocks on the Hong Kong stock exchange.
Source: Newsmakeri.id
