The Hang Seng Index jumped 707 points, or 2.4%, on Wednesday to close at 25,725, reversing a 0.7% decline in the previous session and marking its highest level of the week. Broad-based gains across sectors underpinned the advance, as investor sentiment improved following a two-week ceasefire agreement between the United States and Iran. The truce eased fears of military escalation, enabled the reopening of the Strait of Hormuz, and helped drive crude oil prices lower, in turn supporting a rebound in Asian equities.
Locally, the market resumed trading after the Easter break with renewed attention on structural growth drivers, particularly a surge in Hong Kong’s IPO activity, where more than 40 companies have completed listings so far this year. All major sectors in the Hong Kong stock market finished higher, with financials, technology, and consumer names leading the rally. Notable gainers included Tencent Holdings (up 3.1%), Xiaomi Corporation (up 2.9%), Pop Mart International (up 4.3%), Meituan (Class shares up 5.9%), and AIA Group Limited (up 6.3%).
