empty
 
 

23.02.202608:15:36UTC+00Hang Seng Jumps 2.5% to End at Near 2-Week High

The Hang Seng Index jumped 669 points, or 2.5%, to close at 27,082 on Monday, rebounding from weakness in the previous session amid broad-based sector gains. Market sentiment strengthened after the U.S. Supreme Court struck down former President Trump’s wide-ranging tariff measures, fueling expectations of reduced levies on Chinese goods. The benchmark hovered near a two-week high, further supported by news that the Hong Kong government will allocate HKD 4 billion to compensate owners of homes destroyed in November’s high-rise fire.

Mainland Chinese markets are set to reopen on Tuesday following the week-long Lunar New Year holiday, with early holiday data indicating “broadly firm” consumer demand, according to Citi analysts.

Technology stocks led the advance, with the sector index climbing more than 3% from Friday’s seven-month low, driven by renewed optimism about China’s AI industry. Semiconductor Manufacturing International Corp. (SMIC) rose 4.6%, while Alibaba Group Holding’s Hong Kong-listed shares gained 3.6% and Tencent added 3.5%.

Gold-related stocks also rallied in tandem with the rise in bullion prices. Zijin Mining Group climbed 7.2%, Zhaojin Mining advanced 5.6%, and Lao Feng Xiang (Laopu Gold) added 2.8%.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In February we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback