Hong Kong, February 4, 2025 (Xinhua) – Hong Kong stocks experienced a broad rally on Tuesday, with all three major indexes posting significant gains. The surge was fueled, in part, by strong performance in the automotive sector.
The Hang Seng Index closed at 20,789.96, up 572.7 points, or 2.83%. The Hang Seng Tech Index jumped even higher, closing at 4,977.38, a gain of 239.92 points, or 5.06%. The H-share Index, which tracks mainland Chinese companies listed in Hong Kong, also saw substantial growth, closing at 7,643.63, up 259.52 points, or 3.51%.
The strong performance across the board suggests renewed investor confidence in the Hong Kong market. While specific details regarding the performance of individual auto stocks were not available in the provided report, the general statement indicates a positive trend within that sector.
The upward momentum in Hong Kong’s stock market reflects a potentially positive shift in investor sentiment, warranting close observation in the coming days and weeks. Further analysis is needed to determine the underlying factors driving this rally and whether it represents a sustainable trend.
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