The Hang Seng Index concluded the trading session with gains, overcoming earlier volatility. A surge in buying activity during the final hours of trading boosted the index into positive territory, reflecting renewed investor confidence.

Market Drivers

Financial stocks experienced a significant rebound, leading the market’s advance. Property developers also saw increased investor interest, fueled by expectations of continued growth in the real estate sector.

Economic Data

Recent economic data releases played a crucial role in shaping market sentiment. Positive figures on industrial production and retail sales provided reassurance to investors concerned about a potential slowdown.

Corporate Earnings

A string of better-than-expected corporate earnings reports further supported the market’s upward trend. Companies across various sectors demonstrated resilience and profitability, bolstering investor confidence.

Sector Performance

• Financials: Led the gains, driven by strong earnings from major banks.
• Property: Benefited from positive sentiment surrounding the real estate market.
• Technology: Showed mixed performance, with some companies outperforming expectations.