Strong gains across Hong Kong indices
Hong Kong’s major stock indices exhibited significant upward momentum. The Hang Seng Index rose by 2.14%, closing at 21,006.97 HKD, signalling a positive trend in market sentiment. This performance reflects growing investor confidence, likely driven by recent economic developments and corporate earnings reports.
Tech and sector indices lead the charge
The Hang Seng TECH Index was the standout performer, surging 3.57% to reach 4,693.85 HKD. This gain underscores the continued interest in technology stocks, which have been pivotal in the market’s recovery. Other notable indices included the Hang Seng China Enterprises Index, which increased by 2.56%, and the Hang Seng Composite LargeCap Index, rising 2.20% to 1,921.14 HKD. Additionally, the Hang Seng Composite SmallCap Index saw a rise of 2.47%, while sector-specific indices, such as the Hang Seng Composite Index – Financials, gained 2.04%.