Hang Seng Index gains for third day as tech stocks rally
Thursday, April 16, 2026       08:50 WIB

16th April 2026 - (Hong Kong) The performance of major financial heavyweights was notably mixed during the morning session. While AIA rose by 1.4% and Hong Kong Exchanges and Clearing saw a modest 0.2% uptick, HSBC edged down by 0.1%. Ping An Insurance remained flat, showing no change from its previous close. Meanwhile, the battery giant CATL saw its shares jump by 4.4% following the release of its latest financial results, providing a significant boost to market sentiment.
Large-cap technology shares provided the primary momentum for the morning's gains. Alibaba led the sector with a 2.4% increase, followed closely by JD.com, which rose by 2.2%. Other industry leaders also trended upwards, with Tencent gaining 1.5% and Kuaishou climbing 1.1%. Meituan and Xiaomi saw more conservative growth, rising by 0.6% and 0.5% respectively.
The Hang Seng Index opened 175 points or 0.67% higher at 26,122 on Thursday, marking its third consecutive day of gains. Performance across other major indices was equally positive, with the China Enterprises Index rising 61 points or 0.7% to 8,779. The Hang Seng Tech Index outperformed the broader market, surging by 64 points or 1.31% to sit at 4,976 during early trading.

Sumber : Dimsumdaily.hk