The Hang Seng climbed 107 points, or 0.4%, to 25,909 in Tuesday morning deals, lingering at its highest level in over one week and extending gains for a fifth straight session. The move tracked a rise in US futures as tech sectors continued to recover from a volatile streak, with renewed optimism around AI-related shares fueling a rally on Wall Street. The broader index gained in the shortened trading week amid hopes of further Fed rate cuts and a lack of strong market catalysts. Traders also monitored the National People’s Congress Standing Committee meeting amid hopes of additional government stimulus. On the data front, Hong Kong’s annual inflation stood at 1.2% in November, remaining the highest level in three months. Among early gainers were CSPC Pharmaceutical Group (up 5.2%), Zhongsheng Group (3.0%), Ping An Insurance (2.9%), Li Ning (2.1%), and PetroChina (1.9%).
