Hong Kong Stock Exchange Rebounds, BYD Shares Lead Gains
The Hang Seng Index rose 0.8% to 23,055.03 in Hong Kong trading on Thursday (July 2). This increase followed a 0.6% decline in the previous session, indicating a rebound in the Hong Kong stock market.
BYD Co. was the largest contributor to the index's gain, with its shares surging 8.1%. Meanwhile, CSPC Pharmaceutical Group Ltd. recorded the largest gain among index members, rising 8.3%.
Overall, 72 of the 93 stocks in the Hang Seng Index rose, while 21 others fell. Sectorally, three of the four sectors rose, led by trade and industrial stocks.
So far this week, the Hang Seng has gained 1.7% and is on track for its biggest weekly gain since the week ending May 8. However, over the past 52 weeks, the index is still down 4.8%, far behind the MSCI AC Asia Pacific Index, which rose 33% over the same period.
The Hang Seng is currently 17.8% below its 52-week high reached on January 29, 2026, but 2.4% above its low on June 26, 2026. The index also trades at a trailing price-to-earnings ratio of 11.9 times and a dividend yield of 3.3% over the past 12 months, with the total market capitalization of index members reaching HK$27.3 trillion. (asd)
Source: Newsmaker.id
