Hong Kong Stocks Rise, All 74 Hang Seng Companies Rise
The Hang Seng Index rose 0.6% to 24,175.12 in Hong Kong trading on Friday (July 10th). This increase followed a 0.7% decline in the previous trading session.
Alibaba Group Holding was the largest contributor to the index's rise, with its shares rising 2.0%. Meanwhile, CK Hutchison Holdings recorded the largest gain, jumping 7.5%.
The Hong Kong stock market's gains were fairly even. 74 of the 93 stocks in the Hang Seng Index rose, while 16 stocks fell. All sectors closed higher, led by trading and industrial stocks.
This week, the Hang Seng has gained 3.5% and is poised to post its biggest weekly gain since the week ending October 24th. However, over the past 52 weeks, the index has only gained 0.6%, far behind the MSCI AC Asia Pacific Index, which gained 34% over the same period.
In terms of market impact, the strengthening of the Hang Seng Index indicates improving investor interest in Hong Kong stocks, particularly in the trade, industrial, and large technology sectors like Alibaba. However, the index remains 13.8% below its 52-week high on January 29, 2026, so room for recovery remains to be confirmed. The 30-day volatility drop to 21.50% also signals that pressure is easing, but global sentiment and foreign capital flows remain important factors in determining the market's future direction. (asd)
Source: Newsmaker.id
