FX.co ★ Hong Kong Stocks Jump to One-Month Peak

Hong Kong's stock market experienced an increase of 255 points, equating to a 1.0% rise, reaching 26,960 during Wednesday's early trading. This marked the third consecutive day of gains and the highest level seen in a month. The positive trend was driven by significant advances in the property and financial sectors, inspired by the Dow Jones hitting a record high on Wall Street amid expectations that the prolonged governmental shutdown in Washington might soon be resolved. Investors also reacted positively to news that China plans to enhance private sector involvement in infrastructure and energy projects, as part of broader efforts to stimulate private investment. In terms of economic data, China's car sales surged by 8.8% year-on-year in October – the strongest growth in ten months – buoyed by trade-in subsidies and financial incentives. Nonetheless, market gains were tempered by ongoing concerns regarding the sustainability of the U.S.-China tariff agreement, especially in relation to rare-earth material supplies. Key stocks making notable moves included Nongfu Spring, which rose by 2.4%, China Resources Land with a 2.3% increase, Xiaomi Corp. up by 2.1%, and Trip.com advancing by 1.9%.