Hang Seng Rises, Financial Stocks Lead Gains
The Hang Seng Index rose 0.7% to 25,562.13 in Hong Kong, rebounding from a 1.1% drop in the previous session. The rally was led by financial stocks, with all sectors posting gains. Out of 85 index constituents, 52 advanced and 27 declined, reflecting improving market sentiment.
AIA Group Ltd. was the biggest contributor to the index’s gain, climbing 5.0%, while Sino Biopharmaceutical Ltd. led overall gains with a 7.1% jump. The strong performance from major stocks suggests growing investor confidence in the financial and healthcare sectors amid hopes of economic recovery. (ayu)
Source: Newsmaker.id