15.10.202508:22:44UTC+00Hang Seng Rallies at Close

The Hang Seng Index climbed 469 points, or 1.8%, to close at 25,911 on Wednesday, marking a rebound after a seven-day losing streak. Investor sentiment improved following dovish comments from Federal Reserve Chair Powell and strong U.S. bank earnings, which bolstered global risk appetite. Gains were widespread across various sectors, spurred by bargain hunting and renewed optimism as Beijing restated its intention to enhance domestic consumption in its 2026–2030 five-year plan. Technology and consumer stocks each advanced by over 2%, with financials also gaining strength and property shares seeing modest increases. However, continuous deflation concerns in China, following a weaker-than-expected Consumer Price Index (CPI) for September, limited further gains. J&T Global Express saw a 5.8% rise on optimism towards its platform-neutral strategy, whereas Xuanzhu Biopharma skyrocketed by up to 167% during its Hong Kong market debut. SenseTime Group increased by 5% after unveiling an AI collaboration with Cambricon. Additional notable performers included Laopu Gold with a 9.1% rise, Mixue Group up 6.1%, JD Health increasing by 6.0%, Geely Auto climbing 4.0%, and Pop Mart International growing 3.7%.