Hang Seng Rallies at Close
The Hang Seng surged 469 points, or 1.8%, to finish at 25,911 on Wednesday, snapping a seven-session losing streak. Sentiment recovered after dovish remarks from Fed Chair Powell, and upbeat U.S. bank earnings lifted global risk appetite.
Gains were broad-based across sectors, driven by bargain hunting and optimism after Beijing reaffirmed plans to boost domestic consumption in its 2026–2030 five-year plan. Tech and consumer stocks each climbed over 2%, while financials strengthened and property shares rose modestly. However, further gains were capped by persistent deflation risks in China after September’s CPI came in weaker than expected.
J&T Global Express jumped 5.8% on optimism over its platform-neutral strategy, while Xuanzhu Biopharma soared up to 167% in its Hong Kong debut. SenseTime Group rose 5% after announcing an AI partnership with Cambricon. Other movers included Laopu Gold (9.1%), Mixue Group (6.1%), JD Health (6.0%), Geely Auto (4.0%), and Pop Mart Intl. (3.7%).
Source : Tradingeconomics.com