Hang Seng Rises 0.9% at Close
The Hang Seng Index rose 233 points, or 0.9%, to close at 25,469 on Wednesday (December 17), ending two consecutive sessions of sharp declines as gains spread across all sectors. The index rebounded from a near four-week low, supported by buying after recent losses.
Mainland Chinese markets also recovered, supported by a rebound in technology stocks, which boosted sentiment across the region. Meanwhile, analysts at Goldman Sachs said Chinese equities could rise by around 30% by the end of 2027, citing continued pro-market policies, improving corporate earnings, and continued capital inflows.
The Hang Seng Tech Index outperformed, rising 1.0%, following another high-profile debut from chipmaker MetaX Integrated Circuits Shanghai, whose shares surged around 755% after raising around USD 585.8 million in its initial public offering. However, gains were capped by caution ahead of Hong Kong's November inflation data due next week. Shares of Pop Mart Intl. jumped 3.7%, and Trip.com added 2.6%, while SMIC and Meituan each rose 2.4%. (alg)
Source: Trading Economics
