FX.co ★ Hang Seng Rebounds to Over 1-Month High After Early Losses

The Hang Seng Index advanced by 150 points, or 0.6%, closing at 27,073 on Thursday, recovering from initial declines and marking the continuation of a four-day winning streak. This boost brought the market to its highest point in over a month, spurred by a rise in U.S. futures following President Trump’s signing of a bill that ended the longest government shutdown in U.S. history, allowing normal operations to resume later today. On the Chinese front, a senior official revealed that a comprehensive plan aimed at advancing the new energy battery sector and enhancing infrastructure utilization will be announced shortly. In the corporate sphere, Baidu launched two innovative AI semiconductors, providing Chinese businesses with robust and cost-effective local computing solutions. Samsonite climbed 15% to reach an eight-month peak after reporting strong quarterly earnings and projecting a favorable year-end outlook. Other notable gainers included SMIC, up by 3.0%, China Hongqiao Group, with a 2.5% rise, and Zijin Gold International, increasing by 2.2%. Investors are now eagerly awaiting China's October credit data and important metrics set for release on Friday, encompassing retail sales, industrial output, and fixed investment statistics.