Hong Kong Stocks Jump on Ceasefire Hopes and Fed Rate Cut Signal
Tuesday, June 24, 2025       09:12 WIB

Hong Kong stocks surged 400 points or 1.7% to 24,091 in Tuesday morning trade, rising for the third straight session and hitting a one-week high.
Sentiment was boosted by a rally in U.S. futures and easing geopolitical tensions after President Trump announced a tentative ceasefire between Israel and Iran, beginning around midnight Monday, Washington time.
Markets also welcomed comments from Fed Vice Chair Michelle Bowman, who signaled a possible rate cut as early as July.
In China, the top legislature, known as the NPC Standing Committee, is meeting this week to review a draft revision to the anti-unfair competition law, aiming to curb intense online platform rivalry and strengthen regulatory powers.
Gains in Hong Kong were broad-based, with all sectors rising over 1%, supported by the strongest Stock Connect inflows in three weeks.
SMIC rose 2.8% amid reports of possible new U.S. tech restrictions, while China Hongqiao Group gained 5.3%, Li Auto 4.4%, and Techtronic Industries 3.6%.

Sumber : tradingview.com