Hang Seng Rises 0.3% as Hopes Talks Ease Risk
The Hang Seng Index rose for a second straight session on Tuesday, rising 81 points, or 0.3%, to 26,442. The rise came as sentiment improved following signs of potential diplomatic progress in the Middle East.
Optimism increased after reports suggested Iran might join talks with the United States ahead of the ceasefire deadline. This development helped ease geopolitical concerns that had previously dampened risk appetite in the region.
Additional support came from falling oil prices, which eased inflation concerns and eased cost pressures for companies. This helped bolster demand for riskier assets, including Hong Kong equities.
Despite the rally, the rally remained subdued as investors remained cautious and continued to monitor the direction of negotiations and broader global risks. Uncertainty over the durability of the ceasefire kept the market sensitive to any new headlines.
At the stock level, gains were led by several major names, including Tencent (+0.1%), Shenzhou International (+1.0%), Meituan (+1.2%), Xiaomi (+0.3%), and Pop Mart International (+0.8%). (asd)
Source: Newsmaker.id