Hong Kong Shares Extend Gains

The Hang Seng Index edged higher by 230 points, or 0.9%, to 25,625 on Tuesday, extending gains from the previous session as technology stocks advanced amid continued optimism over artificial intelligence-related investments. The rise followed fresh record highs on Wall Street overnight, driven by strength in major technology shares. Investor sentiment remained cautious, however, as traders weighed renewed uncertainty surrounding US-Iran peace negotiations and their potential impact on global risk appetite. Meanwhile, traders monitored developments in Hong Kong’s property sector after reports indicated that tighter mainland Chinese restrictions on overseas capital transfers could curb demand from wealthy Chinese buyers, potentially slowing a recent surge in local real estate purchases. Notable gainers included Tencent (+0.5%), Lenovo (+3.5%), Meituan (+4.4%), Semiconductor Manufacturing International (+1.6%), and Meitu (+2.4%).
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