empty
 
 

23.07.202602:10:03UTC+00Hong Kong Shares Advance on Tech Strength

The Hang Seng Index rose 0.6%, or 146 points, to 25,035 on Thursday, rebounding from the previous session’s decline as technology stocks led the advance. The upswing was largely fueled by renewed buying in tech shares following a bout of profit-taking, with investors still confident in the long-term growth outlook for artificial intelligence and semiconductor-related companies.

Sentiment was further buoyed by ongoing fundraising activity among Chinese technology firms in Hong Kong, underscoring robust investor appetite for AI and chipmakers despite recent market volatility. The broader market also found support in positive corporate developments, after Cathay Pacific forecast a substantially stronger first-half profit on the back of resilient passenger traffic and cargo demand.

Leading gainers included Tencent (up 1.8%), Lenovo (up 6.6%), Z.Ai Co (up 3.7%), Kingboard Laminates (up 6.0%) and AIA (up 1.4%).

  • 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 $4000 more!
    In July we raffle $4000 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