26.11.202502:58:00UTC+00Hong Kong Stocks Rise for 3rd Session

On Wednesday morning, Hong Kong's stock market continued its upward trend for the third consecutive session, with the Hang Seng index climbing 83 points, or 0.3%, to reach 25,974. The positive momentum was bolstered by an optimistic performance on Wall Street the previous evening. The decline in U.S. consumer confidence alongside muted retail data has heightened expectations for another Federal Reserve interest rate cut in December, further supporting the market. Leading the gains in the Hang Seng index were property and financial sectors, with additional strength stemming from ongoing profitability in mainland markets. This optimism followed the recent phone conversation between President Trump and Xi Jinping, marking their first interaction since last month's trade agreement. On the trade side, Hong Kong's exports remained close to a four-year high in October, while imports experienced the strongest growth observed in the past five months. Nevertheless, the market's advances were somewhat restrained by investor caution ahead of the release of China's industrial profit data, anticipated on Thursday. Among early market leaders, pharmaceutical stocks performed particularly well, with companies such as Akeo Inc. rising by 4.8%, Innovent Biologics by 2.4%, Wuxi Biologics by 1.6%, and Hansoh Pharma by 1.5%.