Hang Seng Index Rises on Iran Deal Hopes

The Hang Seng Index climbed 275 points, or 1.1%, to 25,940 on Tuesday, bouncing after a brief pullback in the previous session as optimism over a potential Iran deal lifted risk sentiment. The advance tracked overnight gains on Wall Street after US President Donald Trump signaled renewed prospects for talks with Tehran, easing concerns over a prolonged disruption to energy flows despite the ongoing blockade of the Strait of Hormuz. Oil prices also retreated on signs the two sides may revive ceasefire negotiations, further supporting equities by helping ease inflationary pressures and reducing concerns over tighter monetary policy, which in turn improved appetite across the region. Most sectors in Hong Kong stock market saw positive momentum, with financials and technology stocks leading the rally. Among notable movers included Tencent Holdings (1.5%), AIA Group Limited (1.1%), Xiaomi Corporation (1.6%), Hong Kong Exchanges and Clearing (0.9%), Galaxy Entertainment Group (0.7%).



