Hong Kong Stock Exchange Rebounds, Hang Seng Strengthens in Early Trading
The Hong Kong stock market returned to positive territory on Friday morning (June 12th). The Hang Seng Index rose by around 1.6%, or 392 points, after falling to its lowest level in 11 months in the previous session.
This increase occurred in line with improving global risk sentiment. Investor confidence strengthened after US President Donald Trump said negotiations with Iran were showing significant progress, raising hopes for a peace agreement in the near future.
Hopes of easing geopolitical tensions also pushed oil prices to a two-month low. This decline helped ease market concerns about energy supply disruptions and boosted sectors sensitive to fuel costs.
The Hang Seng's gains were led by major stocks in the financial, technology, and retail sectors. Several stocks that recorded strong gains included AIA (up 1.4%), Semiconductor (up 3.3%), Kingboard (up 4.4%), Lenovo (up 2.2%), Knowledge Atlas (up 7.3%), and Dongyue (up 10.0%). Meanwhile, the communications sector was the only sector to show a slight decline. (asd)
Source: Newsmaker.id