Hang Seng Rises 0.2%, Alibaba Leads Gains
The Hang Seng Index rose for a second day, rising 0.2%, or 58.4 points, to 26,446.56 in Hong Kong—its highest close in at least a year. The index is now just 0.5% below its 52-week peak (September 12, 2025) and 54% above its low (September 16, 2024).
Alibaba was the main driver, rising 2.3%, while Wuxi Biologics led the gains in member stocks with a 6.5% surge. Of the 88 stocks, 33 rose and 52 fell; two of the four green sectors were led by the commerce & industrials group. In the past 52 weeks, the Hang Seng has surged 52%, far ahead of the MSCI AC Asia Pacific's 20% gain.
In terms of performance, the Hang Seng Index has risen 32% this year, potentially posting its best year since 2017. For the current quarter, the index is up 9.9%; in the last five days, it has gained 3.2%, and in the last 30 days, it has gained 4.7%.
In terms of valuation, the Hang Seng is trading at a trailing P/E of 12.7x and a forward P/E of 12.8x, with a dividend yield of 3% (TTM). The combined market capitalization of its members is HK$32 trillion. Its 30-day volatility has decreased to 16.53% (previously 16.59%; monthly average 16.51%), indicating that price volatility is likely to stabilize. (ayu)
Source: Newsmaker.id
