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 car owners race to higher ground to escape Ragasa’s feared storm surge

Hong Kong car owners race to higher ground to escape Ragasa’s feared storm surge

Hongkongers were rushing to park their cars on higher ground and in covered spaces as Super Typhoon Ragasa was expected to inundate low-lying and coastal areas. Several major indoor car parks had long queues stretching out of their entrances on Tuesday morning, including the Tai Po Mega Mall car park, which accommodates over 1,000 vehicles,

23 September 2025
Super Typhoon Ragasa Races Toward Hong Kong, Hundreds of ...

Super Typhoon Ragasa Races Toward Hong Kong, Hundreds of …

Airlines in East Asia canceled hundreds of flights on Tuesday as China’s Pearl River delta and the financial hub of Hong Kong braced for Super Typhoon Ragasa, which authorities have warned could have a “catastrophic” impact on the densely populated region. Why It Matters Meteorologists have warned that Ragasa, the most powerful typhoon to hit

23 September 2025
Hong Kong property prices expected to trade sideways with fluctuations in the second half of the year; gold may remain strong until the first quarter of next year.

Hong Kong property prices expected to trade sideways with fluctuations in the second half of the year; gold may remain strong until the first quarter of next year.

Recently, Citi released its global investment outlook for the fourth quarter of 2025, outlining its views on Hong Kong’s property market, the US dollar, gold, and Hong Kong interest rates. According to Zhitong Finance APP, Citi recently released its global investment outlook for Q4 2025. Liao Jiahao, Head of Investment Strategy and Asset Allocation at

23 September 2025
Super Typhoon Ragasa: Hongkongers rush home ahead of T8 as shutdown begins

Super Typhoon Ragasa: Hongkongers rush home ahead of T8 as shutdown begins

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. The Hong Kong Observatory has said it will issue the No 8 warning signal 2.20pm on Tuesday as Super Typhoon Ragasa is expected

23 September 2025
Map shows path and arrival time (in Philippine Standard Time) of super typhoon Ragasa

Super Typhoon Ragasa live tracker: Hong Kong cancels 700 flights after powerful storm kills three in Philippines

Hong Kong airport warns of ‘significant disruption’ as Ragasa nears Hong Kong airport said it will “continue operations” but warned passengers to expect “significant disruption” to flight operations from 6pm on Tuesday to Wednesday. In a statement issued on Monday evening, the Airport Authority Hong Kong (AAHK) said: “AAHK and the airport community are fully

23 September 2025
Smoke rises from the site of the fire at the Tsing Yi recycling site near Stonecutters Bridge. Photo: Sun Yeung

Firefighters battling fire raging for 7 hours at Hong Kong recycling site

Firefighters have been battling a blaze at a recycling site in Hong Kong’s Tsing Yi for about seven hours since it broke out, two days after another fire erupted near the same spot. The Fire Services Department was alerted at 4.12am on Tuesday that a fire had broken out at a recycling site at the

23 September 2025
Smoke rises from the site of the fire at the Tsing Yi recycling site near Stonecutters Bridge. Photo: Sun Yeung

Hong Kong firefighters battle fire at Tsing Yi recycling site

Firefighters have been battling a blaze at a recycling site in Hong Kong’s Tsing Yi for about seven hours since it broke out, two days after another fire erupted near the same spot. The Fire Services Department was alerted at 4.12am on Tuesday that a fire had broken out at a recycling site at the

23 September 2025