Hong Kong Stocks Rebound on Bargain Hunting

The Hang Seng Index rose 1.5%, or 338 points, to 23,224 on Thursday, as gains in technology, financial, and retail stocks lifted the broader market. Buying was supported by bargain hunting after recent losses, despite a technology-driven selloff on Wall Street overnight. Investor sentiment toward technology shares remained positive amid growing optimism over the long-term outlook for Hong Kong-listed internet companies. In addition, sentiment was further supported by growing enthusiasm for AI after Chinese developer Zhipu briefly surpassed HK$1 trillion in market value last month. Meanwhile, according to reports Kevin Warsh said inflation expectations and inflation risks had eased in recent weeks while reaffirming the Federal Reserve’s commitment to restoring price stability. Notable gainers were Tencent (3.0%), Xiaomi (3.5%), Meituan (2.0%), Kuaishou (6.5%), and Akeso (7.3%).

Profit
Everyone's racing to cut costs. We're racing to create profit.
Start Selling through Service






