Hong Kong Stocks Recover After Selloff

The Hang Seng Index surged 2.3%, or 551 points, to 25,115 on Monday, rebounding from Friday’s sharp losses as technology and consumer shares led a broad-based rally despite lingering geopolitical tensions in the Middle East. Sentiment improved after Beijing stepped up efforts to stabilize its stock market, with two major state-backed funds disclosing fresh equity purchases and regulators preparing to meet key industry participants, boosting confidence in Chinese assets. Bargain hunting following last week’s global tech-led selloff and optimism over corporate earnings further supported risk appetite, although investors remained cautious over geopolitical risks and their potential impact on energy prices and global inflation. Among the top gainers were Tencent (1.7%), Semiconductor Manufacturing International Corporation (4.3%), Xiaomi (1.3%), Kingboard Laminates (5.4%), and Shanghai Iluvatar CoreX (3.6%).





