FINWIRES · TerminalLIVE
FINWIRES

Hong Kong Stocks Gain as Easing Geopolitical Tensions, Strong China Data Lifts Sentiment; Sigenergy Technology Shines on Debut

-- Hong Kong equities advanced on Thursday as improving sentiment around a potential de-escalation in the Middle East and stronger-than-expected first-quarter economic data from China supported the market.

The Hang Seng Index gained 446.94 points, or 1.7%, to close at 26,394.26, while the Hang Seng China Enterprises Index added 186.85 points, or 2.1%, to 8,905.11.

Optimism grew that the Middle East conflict may be nearing a turning point, as Pakistani mediation and signals from the Trump administration pointed to progress toward a deal that could reopen the Strait of Hormuz.

China's economy expanded 5% year-on-year in the first quarter, beating market expectations, official data showed.

Meanwhile, the country's crude oil throughput fell 2.2% year-on-year in March as the Iran conflict curbed refinery activity, while domestic crude output reached a record high.

In corporate news, Sigenergy Technology (HKG:6656) made its debut in Hong Kong, closing over 103% higher at HK$659.50, compared with the offer price of HK$324.20.

Lens Technology (HKG:6613, SHE:300433) slipped nearly 13% after booking a loss in the first quarter of 2026.

Related Articles

Australia

Jefferies Raises Quest Diagnostics Price Target to $225 From $220

Quest Diagnostics (DGX) has an average rating of overweight and mean price target of $219, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $204.33, Change: $+8.02, Percent Change: +4.09%

$DGX
Australia

Truist Securities Cuts Tractor Supply Price Target to $44 From $55, Hold Rating Kept

Tractor Supply (TSCO) has an average rating of overweight and mean price target of $56.19, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $39.92, Change: $-4.90, Percent Change: -10.92%

$TSCO
Sectors

Sector Update: Energy

Energy stocks were higher Tuesday afternoon, with the NYSE Energy Sector Index rising 1.1% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.2%.The Philadelphia Oil Service Sector Index was climbing 1.8%, while the Dow Jones US Utilities Index fell 1.3%.Front-month West Texas Intermediate crude oil was rising 4.8% to $93.94 a barrel, and the global benchmark Brent crude contract was advancing 4.4% to $99.68 a barrel. Henry Hub natural gas futures increased 0.3% to $2.70 per 1 million BTU.In corporate news, Halliburton (HAL) shares gained 4.1% after it reported lower Q1 adjusted net income and revenue that still topped analysts' expectations.

$HAL