Hong Kong shares jumped 365 points, or 1.4%, to 26,714 on Tuesday morning, rebounding from a muted close the previous day. The upturn followed a strong overnight lead from Wall Street, where a surge in financial stocks lifted the Dow Jones to a record high, while energy shares gained after a U.S. military strike resulted in the capture of Venezuelan leader Nicolas Maduro. Sentiment was further boosted by continued strength in mainland markets, as the Shanghai benchmark held above the 4,000 level after breaking through the mark on Monday, its first trading day of 2026. The rally was buoyed by strong inflows tied to optimism around the AI sector. Hong Kong stocks reached their highest in over seven weeks, although caution grew ahead of China’s CPI and PPI data due later this week. In November, the annual inflation hit a 21-month high of 0.7%, while producer prices fell for a 38th straight month. Early movers included Kuaishou Tech (3.1%), Trip.com (2.3%), Meituan (1.4%), and SMIC (2.0%).
