11.11.202508:21:52UTC+00Hang Seng Reverses Early Losses to End Higher

The Hang Seng Index rose by 47 points, equivalent to a 0.2% increase, ending the day at 26,696 on Tuesday. This uptick reversed earlier morning losses, primarily driven by gains in property and financial stocks. For the second consecutive day, markets closed positively, buoyed by relief concerning the imminent conclusion of the U.S. government shutdown following the Senate's approval of a funding agreement. Concurrently, optimism grew around the resilience of China's domestic economic activity as Beijing persisted in its efforts to bolster the faltering economy towards the end of the year. Hong Kong is set to release its final GDP figures for Q3 later this week, which are anticipated to show slight improvement according to preliminary estimates. Electric vehicle manufacturer Xpeng surged nearly 18%, reaching its highest value since July 2022, fueled by robust sales momentum and a record 42,013 vehicle deliveries in October. Other leading companies included H World Group with a 3.2% increase, KE Holdings up by 2.7%, Laopu Gold climbing 2.1%, and Galaxy Entertainment advancing 1.6%. Conversely, SMIC experienced a 3.0% decline, affected by apprehensions regarding an overheated rally in the AI sector.