The Hang Seng Index climbed 0.9% to around 25,284 on Wednesday, extending gains for a second consecutive session. The advance was underpinned by easing oil prices and a pause in immediate geopolitical escalation, both of which helped stabilize risk appetite.
Market participants reassessed earlier fears of an energy shock after the previous surge in crude prices and rising global bond yields had prompted heavy foreign outflows from Asian equities and weighed on valuations across the region.
Despite the rebound, sentiment remained cautious. Persistent concerns over market liquidity, slowing growth momentum, and the possibility of another spike in oil prices are expected to keep volatility elevated in the near term.
Nearly all sectors traded higher, with the exception of energy minerals and communications. Notable gainers included Hansoh Pharmaceutical (+3.50%), Tencent Holdings (+0.97%), and AIA Group (+1.65%). On the downside, Shenzhen International Holdings (-0.22%) and Xiaomi Corporation (-1.96%) recorded losses.
