The Hang Seng surged 361 points, or 1.4%, to end at 27,127 on Tuesday, marking its fifth straight gain and nearing a two-week top amid broad sector strength. Sentiment was boosted by Wall Street’s extended gains Monday, with the S&P 500 and Nasdaq advancing for a fourth session ahead of the Fed rate decision later this week. Financials jumped 2.5% after China’s central bank pledged deeper market connectivity with Hong Kong. Traders also welcomed official data showing China’s industrial profits rose in 2025 for the first time in four years, lifted by a December rebound, while signs of Beijing’s crackdown on price wars bolstered earnings recovery hopes. However, gains were capped by caution ahead of January’s official PMI release in China later this week. Zijin Gold Intl. climbed 9.2% after announcing plans to acquire Canada’s Allied Gold to expand globally. Other standouts included Minimax Group (15.3%), AIA Group (3.6%), Techtronic Industries (2.8%), and China Taiping Insurance (2.2%).
