Hong Kong shares climbed 255 points or 1.0% to 26,960 in early trade on Wednesday, maintaining gains for the third straight session and reaching their highest level in a month. Most sectors advanced, led by property and financials, following a record close on Wall Street’s Dow Jones as optimism grew that Washington could soon end its record government shutdown. Investors also welcomed reports that China aims to expand private sector participation in infrastructure and energy projects to boost weak private investment. On the data front, mainland car sales jumped 8.8% year-on-year in October, the highest in ten months, supported by trade-in subsidies and financial incentives. However, gains were capped by lingering doubts over the durability of the U.S.-China tariff truce, particularly concerning rare-earth supplies. Among notable movers were Nongfu Spring (up 2.4%), China Resources Land (2.3%), Xiaomi Corp. (2.1%), and Trip.com (1.9%).
