Hang Seng Index rallies as trade war concerns subside
Tuesday, February 04, 2025       09:35 WIB

4th February 2025 - (Hong Kong) Hong Kong's stock market showed positive performance as concerns over the trade war began to ease. The Hang Seng Index opened 271 points higher, reflecting a gain of 1.34%, reaching 20,488 points. The Hang Seng China Enterprises Index rose by 115 points or 1.55%, standing at 7,499 points, while the Technology Index increased by 91 points or 1.93%, now at 4,828 points.
Large technology stocks were significant contributors to the market's uplift. Tencent saw an increase of 1.2%, Alibaba rose by 2.9%, Meituan gained 1.8%, Xiaomi climbed 1.9%, JD.com surged by 2.8%, and Kuaishou increased by 1.8%.
In the financial sector, stocks exhibited mixed results. HSBC Holdings dipped by 0.1%, while AIA Group rose by 1%, Ping An Insurance increased by 0.7%, and Hong Kong Exchanges and Clearing gained 0.4%.

Sumber : dimsumdaily.hk