The Hang Seng Index surged 1.8% to 25,230 on Wednesday, extending previous gains as improved global sentiment boosted regional markets following a strong rally on Wall Street overnight. Optimism mounted after President Donald Trump suggested U.S. military operations in Iran could wind down within two to three weeks, easing concerns over energy supply disruptions. Moreover, mainland stocks rebounding sharply after Tuesday’s retreat.
All sectors in Hong Kong markets contributed to the upsurge, with property, financials, and consumers among top movers. However, strength was tempered by private survey data showing China’s factory activity slowed more than expected in March, reflecting a surge in energy costs and contrasting with official figures released earlier this week that signaled the strongest expansion in a year post-Spring Festival. Notable movers included Tencent Holdings (2.7%), Knowledge Atlas Technology (21.7%), Semiconductor Manufacturing (3.6%), and Xiaomi Corporation (0.6%).
