Hang Seng Index Gains, Closes Near Two-Week High
The Hang Seng Index closed up 361 points (+1.4%) to 27,127 on Tuesday (January 27), recording a fifth consecutive day of gains and near its highest level in almost two weeks. The boost came from Wall Street's gains the previous day, as investors began positioning ahead of the Fed's interest rate decision.
Sentiment was also boosted by China. The financial sector surged after the Chinese central bank promised deeper market connectivity with Hong Kong. Official data also provided some encouragement: China's industrial profits rose in 2025 for the first time in four years, supported by a rebound in December and hopes of improving margins as efforts to defuse the "price war."
Despite the gains, the market remained cautious in its euphoria as investors awaited the release of China's PMI this week. Among stocks, Zijin Gold International surged following its planned acquisition of Allied Gold. Other gainers included Minimax Group, AIA Group, Techtronic Industries, and China Taiping Insurance.
Source: Newsmaker.id
