Hong Kong stocks rise on China stimulus bets amid typhoon trading

Hong Kong stocks rose on Wednesday, ending a two-day decline as China’s shaky economic outlook fuelled stimulus bets.

The Hang Seng Index rose 0.3 per cent to 26,240.34 as of 10am. The Hang Seng Tech Index rose 0.4 per cent. On the mainland, the CSI 300 Index and the Shanghai Composite Index both added about 0.1 per cent.

SMIC, mainland China’s largest semiconductor foundry, rose 3.8 per cent to HK$75.30. State-owned property developer China Overseas Land & Investment gained 2.1 per cent to HK$14.08.

Limiting gains, search engine giant Baidu fell 2.8 per cent to HK$125.60, while New Oriental Education & Technology, an online education firm, fell 1.9 per cent to HK$39.88.

For much of this year, the market has thrived on a “bad news is good news” narrative – fuelling a solid run that has boosted key benchmarks to levels not seen for a decade – as weak economic data is interpreted as a trigger for more stimulus measures.

Wednesday marked the first time the Hong Kong stock market stayed open during a No 10 storm signal, the highest warning level. This follows the introduction of the stock exchange’s severe weather trading mechanism in September last year, which allows the market to operate even when a No 8 signal or above is in force.

Source link

Visited 1 times, 1 visit(s) today

Related Article

Hong Kong bankers pack luxury hotels near offices for typhoon trading

Hong Kong bankers pack luxury hotels near offices for typhoon trading

Hong Kong’s bankers and traders hunkered down at home or booked hotels near their offices as Super Typhoon Ragasa descended on the Asian financial hub. The big international banks, including Goldman Sachs, Morgan Stanley and HSBC Holdings, told most employees to work from home before the typhoon unleashed a deluge of rain and sustained winds

24 September 2025
Floods hit the Hong Kong residential neighbourhood of Heng Fa Chuen on Wednesday. Photo: AP

Zijin Gold delays US$3.2 billion listing as Super Typhoon Ragasa hits Hong Kong

Zijin Gold International has delayed the closing of its US$3.2 billion initial public offering (IPO) – the second-largest in Hong Kong this year – to Thursday noon, a day later than previously scheduled, because of the impact of Super Typhoon Ragasa. “As there is a tropical cyclone warning signal No 8 or above in force,

24 September 2025

Keeping financial conflicts out of the court

[The content of this article has been produced by our advertising partner.] Financial markets are constantly changing, and as fintech platforms occasionally stumble due to glitches or user confusion, monetary disputes between financial institutions and customers are becoming more frequent. And when such disputes arise, failing to handle them promptly, fairly and to the satisfaction

24 September 2025
Opinion | For Hong Kong and Macau, Beijing parade was more than sheer spectacle

Opinion | For Hong Kong and Macau, Beijing parade was more than sheer spectacle

The military parade in Beijing to mark the 80th anniversary of the victory in the Chinese people’s war of resistance against Japanese aggression drew global attention. In Hong Kong and Macau, where the ceremony was broadcast live, the emotions and reflections inspired were unique – admiration and pride mingling with questions and contemplation. Some ask,

24 September 2025
Office rents in Hong Kong declined 0.2 per cent month on month in August, the smallest decrease this year. Photo: Sun Yeung

Hong Kong’s office market sees resurgence with IPO boom, demand from Chinese law firms

Hong Kong’s office segment is picking up due to leasing demand from mainland Chinese law firms and financial groups, supported by a buoyant stock market that has seen an increasing number of companies launch initial public offerings (IPOs) in the city. Office-leasing activity in August grew for a fifth straight month, with tenants absorbing 313,800

24 September 2025
How you can prepare for a super typhoon as Ragasa approaches Hong Kong

How you can prepare for a super typhoon as Ragasa approaches Hong Kong

Hong Kong and its neighbouring areas are on high alert as Super Typhoon Ragasa makes its way to the city, poised to bring strong winds, heavy rain and severe storm surges. The cyclone is forecast to be closest to the city on Wednesday morning, with the Hong Kong Observatory warning that winds may reach hurricane

24 September 2025
Super Typhoon Ragasa to be closest to Hong Kong in next hour: forecaster

Super Typhoon Ragasa to be closest to Hong Kong in next hour: forecaster

This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing now for 50 per cent off during our two-day flash sale. Hong Kong has woken up to a downpour triggered by the highest-level No 10 warning, which shut down the city, as Super Typhoon

24 September 2025
Rosanna Law, Secretary for Culture, Sports and Tourism of the HKSAR Government (3rd right); Kenneth Fok, Member of the Legislative Council of the HKSAR and Vice President of Sports Federation and Olympic Committee of Hong Kong, China (2nd left); Winfried Engelbrecht-Bresges, Chief Executive Officer of The Hong Kong Jockey Club (3rd left); Hsu Siu-man, Executive Director of The Hong Kong Federation of Youth Groups (2nd right); Billie Lau, Executive Director of The Boys' and Girls' Clubs Association of Hong Kong (1st left); Yasmin Fong, Board Member of the InspiringHK Sports Foundation (1st right), and other guests at the Jockey Club Believe & Bounce Basketball Programme kick-off ceremony.

Jockey Club-supported basketball development programme to benefit over 32,000 people

 [The content of this article has been produced by our advertising partner.] To provide more children and young people with opportunities to engage with basketball, The Hong Kong Jockey Club has committed HK$70.75 million through its Charities Trust to support a three-year Jockey Club Believe & Bounce Basketball Programme. This initiative, to be jointly implemented

23 September 2025