Hong Kong Stock Exchange Rises for Fifth Session, Driven by Tech Stocks and Rate Cut Optimism

Hong Kong stocks continued their positive momentum during Tuesday morning trading, with the Hang Seng Index rising by approximately 107 points, or 0.4%, to reach 25,909 - marking its highest level in more than a week and securing a fifth straight session of gains. The upbeat performance was supported by higher U.S. equity futures and a sustained recovery in the technology sector, particularly AI-related stocks that recently led Wall Street gains.

The market also benefited from calm trading during the shortened week and growing expectations of forthcoming U.S. interest rate cuts. Investors are closely watching the results of the Standing Committee meetings of China’s National People’s Congress, hoping for approval of additional economic stimulus packages to bolster growth.

On the data front, statistics showed that Hong Kong’s annual inflation rate stabilized at 1.2% in November, the highest in three months, indicating a modest improvement in local demand without significant price pressures. Leading the morning's gains were CSPC Pharmaceutical Group (+5.2%), Zhongsheng Group (+3.0%), Ping An Insurance (+2.9%), Li Ning (+2.1%), and PetroChina (+1.9%).