Hang Seng Rebounds as Energy Shares Lead Gains
Hong Kong’s Hang Seng Index rebounded on Monday after briefly opening lower, with gains in energy stocks providing key support as crude oil prices strengthened.
The benchmark initially slipped 17 points to 24,157 before recovering by 135 points, or 0.56 percent, to 24,310. Meanwhile, the Hang Seng China Enterprises Index rose 47 points, or 0.58 percent, to 8,086.
The Hang Seng Tech Index also advanced 27 points, or 0.59 percent, to 4,749. Technology shares traded mixed, with Alibaba Group gaining 1.7 percent, Tencent Holdings rising 0.9 percent, and Kuaishou climbing 2.2 percent.
In contrast, Meituan edged down 0.1 percent, while Xiaomi Group and JD.com each posted modest gains of 0.2 percent.
Financial stocks also delivered a mixed performance. HSBC Holdings rose 0.2 percent, Hong Kong Exchanges and Clearing gained 0.9 percent, and Ping An Insurance added 0.4 percent. However, AIA Group fell 0.7 percent.
Energy producers tracked firmer crude prices, helping lift the broader market. CNOOC advanced 1.1 percent, while PetroChina rose 0.7 percent. Among individual movers, China Hongqiao Group climbed 1.8 percent after issuing a positive profit alert.
The rebound in the Hang Seng suggests that buying interest is returning, particularly in energy and selected large-cap technology stocks. However, market movements may remain volatile as investors continue to monitor oil prices and broader global sentiment.
Source : Newsmaker.id
