Hong Kong Stocks Extend Rally
Shares in Hong Kong surged 440 points, or 1.6%, to 27,564 in early Wednesday trading, increasing for a sixth session and hitting their highest level since July 2021. Sentiment was buoyed by a continued rise in mainland stocks after corporate earnings in 2025 returned to growth, following four years of fall.
Meanwhile, Wall Street closed mostly higher overnight as investors awaited earnings from major tech firms and the Fed's first interest-rate decision of the year, due later today. On the trade front, Hong Kong's exports and imports both hit record levels in December, although imports grew faster than exports. Still, gains were capped by caution ahead of China's official January PMI release later this week.
Advances were broad-based, led by financial and property shares, both rising around 2%, while consumer and technology stocks also posted solid gains. Notable movers included Zijin Mining Industry (4.4%), SMIC (2.8%), Sino Biopharmaceutical (2.6%), and Tencent Holdings (1.2%).(aSD)
Source: Trading Economics
