FX.co ★ Hong Kong Shares Rise After 3-Session Slide

Hong Kong's stock market experienced a revival on Wednesday morning, with the index rising by 128 points or 0.5% to reach 24,202, ending a three-day losing streak. This uptick followed the market's reopening after a holiday break on Tuesday. Investor sentiment received a boost from a private survey revealing an unexpected increase in China's manufacturing activity for June. Additionally, new policy directions from Beijing contributed positively, with President Xi Jinping pledging to intensify oversight to curb aggressive price reductions, aimed at mitigating deflation concerns. However, gains were limited following U.S. President Trump's decision to stick to the July 9 deadline for increasing tariffs, as well as his renewed threats to cease trade discussions and impose tariffs on multiple nations. The rise in the market was widespread, primarily driven by the property and financial sectors. Standout performers included Galaxy Entertainment, which jumped 7.3%, Sands China at 7.2%, Henderson Land Development rising by 4.2%, and Mixue Group improving by 3.5%. Conversely, the Hang Seng Tech Index saw a decline, reflecting the downturn in U.S. tech stocks as investors began the second half of 2025 by shifting their investments away from the sector.