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Hang Seng Index

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597 stories mentioning Hang Seng IndexUpdated 1d ago

In focus as Hong Kong sees IPO activity, with Kaifeng Millennium City Park filing and RedNote operator Xiaohongshu reportedly preparing a listing.

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International

ADB Cuts Developing APAC Growth Forecast for 2026

The Asian Development Bank trimmed its developing Asia and the Pacific economic growth estimate for 2026, below last year's growth due to the effects of the Middle East conflict.In its Asian ​Development Outlook update published late Wednesday, the ADB expects the region's economy to grow 4.9% in 2026, down 0.2 percentage points from the April estimate.For 2027, the real GDP growth estimate was unchanged at 5.1%.The ADB expects inflation in the developing APAC region to rise to 4.3% in 2026 from 3% in 2025, higher than the 3.6% April projection.

^BSEHang Seng^JKSEFTSE Bursa Malaysia KLCIKOSPI^NSENifty 50^PSEI^SETShanghai Composite^SZSETaiwan Weighted
Asia Markets

Tech, Oil Outlooks Roil Asian Stock Markets

Asian stock markets churned on Wednesday, as traders weighed fresh Persian Gulf hostilities and the renewed closing of the Strait of Hormuz, and ongoing gyrations in tech-sector valuations.Shanghai and Tokyo finished in the red, although Hong Kong rallied and bucked regional trends. Other Asian exchanges were uneven, while Seoul's KOSPI Index lost 5.4% on sagging semiconductor issues.In Japan, the Nikkei 225 opened lower, wobbled, but could not recover, finishing off 2.1% as traders weighed higher global crude prices. Rising yields on Japanese government bonds, due to concerns regarding heavy government spending plans, also damped sentiments.The benchmark Nikkei 225 fell 1,437.91 to 66,819.05, as losing issues outnumbered gainers 171 to 52.Leading the upside was utility Tokyo Electric Power, up 3.8%, while advanced materials-maker Taiyo Yuden declined 8.5%.In economic news, Japan's Economy Watcher's Survey index, a polling of frontline service workers such as cab drivers and restaurant staff, struck a seasonally adjusted 44.0 in June, up from 43.6 in May, but still logging below the 50-mark that separates optimism from pessimism.In Hong Kong, the Hang Seng Index opened higher and rose to the close, concluding up 3% after concerns abated that a flood of tech-oriented IPOs might saturate the market. In particular, shares in AI-venture Knowledge Atlas Technology gained 13.3%, even after a "lock-up" provision of original shareholders expired, a bellwether result that appeared to galvanize optimism among tech investors.The broad gauge Hang Seng rose 702.57 to 24,199.46, as gaining issues outnumbered losers 73 to 19. The Hang Seng TECH Index gained 5% on the day, while the Mainland Properties Index rose 2.1%.Leading the upside was e-commerce colossus Alibaba (BABA), gaining 9.9%, while pork purveyors WH Group declined 5.4%.On the mainland, the Shanghai Composite fell 0.5% to 3,970.88.On the other regional exchanges, the Taiwan TWSE inclined 0.6%; the Australian ASX 200 declined 0.2%; the Singapore Straits Times Index rose 0.5%, and the Thai Set declined 1.7%. In late trading in Mumbai, the Sensex was down 2.2%.The MSCI All Country Asia Pacific Index fell 0.9% on the day.

Hang SengNikkei 225Shanghai Composite
Asia

Hong Kong Stocks Advance as Tech Rally Extends; Four Firms Make Mixed Debuts

Hong Kong stocks closed higher Wednesday as technology shares rallied despite renewed geopolitical tensions in the Middle East.The Hang Seng Index surged 3%, or 702.57 points, to close at 24,199.46, while the Hang Seng China Enterprises Index jumped 4%, or 313.96 points, to finish at 8,084.22.Technology stocks led the advance as investors grew more confident that upcoming lock-up expiries would have a limited impact on the market, following several cornerstone investors' reaffirmations of their long-term holdings.Meanwhile, the U.S. said it struck Iranian air defenses, coastal surveillance systems and drone launch sites, while Iran's Revolutionary Guards said they targeted U.S. military facilities in Bahrain and Kuwait.Washington also moved to revoke a waiver allowing Iran to sell oil on global markets, a step Tehran said violated the framework agreement to end the conflict.In corporate news, four companies made their debut on the Hong Kong main board.Momenta Global (HKG:6880) ended the session flat at HK$295.60, matching its offer price.EACON (HKG:7687) closed nearly 10% higher at HK$96.70, compared with its offer price of HK$87.92.BASiC Semiconductor (HKG:9971) ended the session 5% higher at HK$33.22, versus its offer price of HK$31.62.Reconova Technologies (HKG:7656) closed 3% lower at HK$21.00, compared with its offer price of HK$21.66.

Hang SengHKG:6880HKG:7656HKG:7687HKG:9971
International

Hong Kong SFC Chief Urges Faster Fixed Income Market Development

Hong Kong's Securities and Futures Commission Chief Executive Officer Julia Leung called for faster implementation of the fixed-income and currency market roadmap, citing growing global demand for diversified investments and renminbi assets.Speaking at the Hong Kong FIC & Bond Connect Summit on Tuesday, Leung said Hong Kong should focus on developing a fixed-income and currency trading platform, expanding the use of fixed-income securities as collateral, and introducing more risk management tools.She noted that the People's Bank of China has announced a new electronic fixed-income and currency trading platform to be jointly developed by the China Foreign Exchange Trade System and Hong Kong Exchanges and Clearing.She also said a five-year China government bond futures contract is scheduled to launch on HKEX on Aug. 3, with more renminbi-related futures products under consideration.

Hang Seng
Japan

Hong Kong Stocks Open Higher Despite Renewed US-Iran Tensions

Hong Kong stocks opened higher on Wednesday as investors assessed renewed tensions in the Middle East following the US' strikes on Iran and the reinstatement of trade sanctions.The Hang Seng Index rose 0.2%, or 44.33 points, to 23,541.22, while the Hang Seng China Enterprises Index gained 0.4%, or 33.19 points, to 7,803.45.The U.S. targeted Iran's air defenses, coastal surveillance systems, anti-ship positions and drone launch sites, marking the latest escalation since the ceasefire reached last month, according to a Reuters report citing a U.S. official.Washington also withdrew a waiver that had allowed Iran to sell oil on global markets, a move Tehran said violated the framework agreement aimed at ending the conflict.

Hang Seng
Hong Kong's Private Sector Activity Grows at Fastest Pace Since February
US Markets

Hong Kong's Private Sector Activity Grows at Fastest Pace Since February

Hong Kong's private sector activity continued to expand in June, supported by stronger output and new orders, according to data released by S&P Global on Monday.The headline S&P Global Hong Kong SAR Purchasing Managers' Index (PMI) rose to 52.0 in June from 50.4 in May, signaling a stronger improvement in overall business conditions.Business activity and new orders both expanded at the fastest pace in four months, supported by new product launches, stronger client demand and increased spending during the World Cup.Demand also strengthened beyond the domestic market, with new orders from both mainland China and overseas increasing modestly. The latest survey marked the first increase in new business from mainland China in three months.Employment, however, declined for a third consecutive month, although the pace of job shedding remained marginal.Purchasing activity also fell for the first time since last September, as firms cited concerns about the sales outlook.Input cost inflation eased to a three-month low but remained elevated, driven by higher raw material prices and rising labor costs.Companies continued to pass on part of the higher costs to customers, although selling price inflation slowed to its weakest pace in three months."Business activity and new orders both expanded at the fastest rates in four months, contributing to the strongest improvement in conditions since February," Usamah Bhatti, economist at S&P Global Market Intelligence, said."Private sector companies reported lower employment for the third month in a row, while concerns around the demand outlook led firms to reduce input buying for the first time since last September," he added.Firms continued to cite subdued domestic demand, while some expected easing geopolitical tensions in the Middle East to support economic growth.The survey comes as official data showed Hong Kong's inflation picked up in May, with the composite consumer price index rising 2% year over year from 1.7% in April, suggesting underlying price pressures remained firm heading into June.

Hang Seng
Asia

HKEX Unit Signs Data Licensing Agreement With ChinaBond Pricing Center

Hong Kong Exchanges and Clearing (HKG:0388) or HKEX's wholly owned subsidiary, Hong Kong Futures Exchange, entered into a data licensing agreement with ChinaBond Pricing Center, a wholly owned subsidiary of China Central Depository & Clearing, to support the launch of five-year China government bond futures, according to a Friday press release.Under the agreement, ChinaBond Pricing Center will provide bond valuation data and price calculation services for the futures contract, which is targeted to launch on Aug. 3.ChinaBond Pricing Center is a major provider of bond pricing benchmarks in mainland China's fixed-income market, with its valuation data widely used for trading, risk management, and accounting.

Hang SengHKG:0388
Asia

Hong Kong Stocks Open Higher as Easing Oil Prices Lift Sentiment

Hong Kong stocks opened higher on Monday as declining oil prices helped ease inflation worries, lifting broader market sentiment.The Hang Seng Index rose 0.2%, or 54.58 points, to 23,404.61, while the Hang Seng China Enterprises Index gained 0.2%, or 15.98 points, to 7,715.74.Markets took comfort from the absence of fresh developments in U.S.-Iran peace negotiations, with shipping traffic through the Strait of Hormuz remaining steady.OPEC+ also agreed to raise its August production target by 188,000 barrels per day, extending similar output increases in June and July.The move helped keep oil prices under pressure, with Brent crude falling 0.6% to around $71.70 a barrel.

Hang Seng
International

Hong Kong's Private Sector Activity Gathers Pace in June

Hong Kong's private sector activity expanded in June, showing a second consecutive monthly improvement in business conditions, with the rate of growth the strongest since February, S&P Global showed Monday.The latest seasonally adjusted S&P Global Hong Kong SAR Purchasing Managers' Index stood at 52.0, compared with 50.4 from the previous month.The growth in output in June accelerated to a four-month high, while new order inflows across the private sector economy increased for the second month in a row during the period.

Hang Seng
Asia

Market Chatter: HSBC, Standard Chartered Explore Significant Risk Transfer Deals

HSBC and Standard Chartered are exploring significant risk transfer (SRT) transactions aimed at transferring credit risk and freeing up regulatory capital, Bloomberg News reported Friday, citing people familiar with the matter.HSBC is holding preliminary discussions with investors on a potential transaction linked to a portfolio of Asia-Pacific loans, including exposures in Hong Kong, Singapore, India and Australia. The deal could be completed later this year, according to the report.Separately, Standard Chartered is considering an SRT transaction tied to about $2 billion of global corporate loans under its Chakra program. The terms are still under discussion and may change.HSBC did not immediately respond to' request for comment, while Standard Chartered couldn't be reached.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Hang Seng
Asia

Hong Kong Stocks End Higher as Investors Return to Riskier Bets; HSBC Embarks on $3 Billion Redemption Plan

Hong Kong stocks closed higher Friday as the eagerly awaited U.S. labor data dashed hopes of an imminent rate hike from the Federal Reserve, prompting investors to return to riskier bets.The Hang Seng Index rose by around 295 points, or roughly 1.3%, to end at 23,350.03, while the Hang Seng China Enterprises Index increased by 87.28 points, or 1.2%, to end at 7,699.76.Investors were hunting for bargains after the latest non-farm payrolls report showed the US economy added 57,000 nonfarm jobs in June, the weakest tally since February and below the consensus of a 113,000 increase in a Bloomberg survey.The cooling labor market doused expectations of an immediate rate hike and raised the odds that the Fed will keep rates on hold until October, Reuters reported.In corporate news, HSBC (HKG:0005) disclosed plans to redeem $3 billion in debt due in 2027.The bank plans to redeem its $2.3 billion worth of 5.887% senior unsecured bonds due 2027 and a further $700 million floating-rate senior unsecured bonds due 2027.

Hang SengHKG:0005
Asia

Market Chatter: Hong Kong Regulator Steps Up Scrutiny of IPOs as Bookbuilding, Allocation Concerns Surface

Hong Kong's Securities and Futures Commission (SFC) is tightening oversight of the city's IPOs over concerns of artificially created investor demand and unfair allocation, Bloomberg reported Friday, citing people familiar with the matter.The SFC has asked the relevant investment banks to provide plans for remediation, according to two of the people.The move reportedly came after the regulator identified instances of funding by affiliates of a company going public, resulting in the misleading illusion of strong investor demand.Regulators have subjected allocation lists submitted by investment banks to scrutiny in the past and stopped listing, however, banks manage to defend their decisions on the basis of commercial judgment, two people said and Bloomberg reported.Detailed investigations by watchdogs into bookbuilding and allocation are also hindered by expedited IPO timelines, one of the people said.A spokesperson said in a statement that the regulator refrains from commenting on individual cases and will share regulatory observations and expectations with the market as when needed, Bloomberg said.The SFC did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Hang Seng
Asia

Commercial Real Estate Stress to Ease, Provide Relief for Hong Banks, Fitch Says

Fitch Ratings expects stress on Hong Kong banks' asset quality from exposure to commercial real estate to ease in the second half of 2026, according to a recent release.Banks have already accounted for bad CRE loans as impaired over the past years, Fitch said.The development anchors the banking sector's neutral outlook for the year, which improved from deteriorating at mid-year, Fitch said.The rating agency still sees a gradual recovery for weak CRE loans, as the most-exposed banks face heightened credit costs due to protracted collateral disposals.CRE loans, which have weighed on Hong Kong banks' asset quality in recent years, have led to downward shifts in several lenders' asset quality scores and viability rating downgrades for the most impacted, Fitch said.Better macroeconomic conditions and a healthy IPO market will narrow further erosion in domestic CRE loans, the rating agency said.Banks' solid capital buffers amid modest loan growth and strong earnings should offset losses from higher credit costs as valuation for distressed CRE assets continues to drop, Fitch said.

Hang Seng
Asia

Hong Kong Stocks Higher at Open as US Labor Data Dims Hope of Rate Hike

Hong Kong stocks opened higher Friday as the eagerly awaited U.S. labor data dashed hopes of an imminent rate hike from the Federal Reserve.The Hang Seng Index increased 185.82 points, or roughly 0.8%, to 23,240.85, while the Hang Seng China Enterprises Index jumped 62.07 points, or 0.8%, to 7,674.55.The US economy added 57,000 nonfarm jobs in June, representing the weakest tally since February, official data showed Thursday. The consensus was for a 113,000 increase in a Bloomberg survey.The cooling labor market doused expectations of an immediate rate hike and raised the odds that the Fed will keep rates on hold until October, Reuters reported.

Hang Seng
International

PwC Expects Hong Kong IPO Market to Reach HK$380 Billion in 2026

PwC forecasts the Hong Kong initial public offering (IPO) market to reach HK$380 billion in 2026, PwC China said Thursday on LinkedIn.PwC's higher forecast was driven by listings from key mainland Chinese companies, dual listings by technology firms and strong investor demand for AI, new materials, semiconductors, chips and creative robotics, the release said.Hong Kong's IPO market fundraising jumped 92% in H1 2026 to hit HK$210 billion through 87 IPOs from the same period last year. The increase in the number of IPOs marked a 98% increase compared to H1 2025, the accounting firm said.

Hang Seng
International

Hong Kong's Assets Under Management Hit Record High in 2025 with 20% Growth

Hong Kong's total assets under management (AUM) rose 20% year-on-year to hit a record HK$42.2 trillion in 2025, according to the Securities and Futures Commission's (SFC) Asset and Wealth Management Activities Survey 2025 released on Tuesday.The level crossed the previous high of HK$35.5 trillion recorded in 2021. This was propelled by a 193% surge in net fund inflows, which grew for the third consecutive year to HK$2.1 trillion.The AUM asset management and fund advisory sector grew 19% to HK$31 trillion, while the private banking and wealth management industry rose 24% from a year earlier to touch HK$12.9 trillion.Hong Kong-domiciled funds authorized by the SFC also posted sharp gains, with net asset value up 38% to HK$2.3 trillion at the end of 2025, continuing the growth in 2026 with a further 13% rise to HK$2.6 trillion at the end of May.Net fund inflows into these funds more than doubled to HK$357 billion in 2025, followed by HK$118 billion in the first five months of 2026, the data showed.

Hang Seng
Hong Kong Retail Sales Rise 7.9% in May on Online Sales Expansion
US Markets

Hong Kong Retail Sales Rise 7.9% in May on Online Sales Expansion

Hong Kong retail sales increased for a thirteenth straight month in May, supported by steady momentum in digital channels, according to data from the city's Census and Statistics Department released Thursday.Total retail sales for the month grew 7.9% year over year to HK$33.8 billion, albeit slower than the 8.7% year-over-year rise in April.Online sales accounted for 10.1% of the total retail pool during the month. The value of online retail sales was provisionally estimated at HK$3.4 billion, representing a 32.3% surge compared with the same month last year."Sales of most broad types of retail outlet registered growth," a government spokesman said.Among the top-performing categories by value, sales of jewelry, watches, clocks, and valuable gifts surged 25.8% year over year, while other consumer goods not elsewhere classified increased by 14.8%. Electrical goods and other consumer durable items also saw double-digit expansion, climbing 13.0% in value during the month.Other sectors showed more modest growth, with apparel sales edging up 3.0%. In the broader retail spaces, sales in department stores climbed 9.2%, while commodities in supermarkets inched up 0.9%.In contrast, a few segments experienced contractions. Sales of food, alcoholic drinks, and tobacco inched down 0.3% during the period, while fuel sales dropped 12.2% in value, faster than the 11.7% fall in April.Net of the effects of price changes in May, provisional estimates for the total volume of sales in May jumped 4.8% year over year, slower than the 6.5% growth seen in April.Hong Kong's ongoing economic expansion is seen to benefit retail businesses, a government spokesman said.

Hang Seng
International

Hong Kong's Retail Sales Grow 7.9% in May

Hong Kong logged a 7.9% annual growth in total retail sales value in May at HK$33.8 billion, compared with the revised increase of 8.7% in the previous month, provisional government data showed Thursday.The Hong Kong Census and Statistics Department added that year-to-date sales from all retail outlets was up 8.2% on an annual basis.

Hang Seng
Asia Markets

Chip Wreck Roils Asian Stock Markets

Asian stock markets largely fell back Thursday, following overnight declines on Wall Street of chip benchmarks Micron Technology (MU) and Intel (INTC), on growing concerns that heavy capital spending in the tech sector will erode bottom lines.Traders cooled on semiconductor issues after media reports that Meta Platforms (META) may sell access to its AI computing infrastructure, perhaps indicating the social media giant has built more AI capacity than it needs.Shanghai and Tokyo finished in the red, although Hong Kong notched a gain. Seoul led regional losers with a 7.9% decline on the KOSPI index, with heavyweights Samsung Electronics sinking 9.1%, and SK Hynix falling 14.6%.In Japan, the Nikkei 225 opened sharply lower and could not recover, finishing off 2.5% as traders reassessed AI- and semiconductor-related plays.The benchmark Nikkei 225 fell 1,741.81 to 68,733.15, although gaining issues outnumbered losers 170 to 52, as declines were somewhat limited to tech issues.Leading the upside was drugmaker Otsuka, up 8.7%, while memory chipmaker Kioxia declined 13.5%.In Hong Kong, the Hang Seng Index opened higher and held ground, undergirded by property issues.The broad gauge Hang Seng rose 174.01 to 23,055.03, as gaining issues outnumbered losers 72 to 21. The Hang Seng TECH Index gained 0.8% on the day, while the Mainland Properties Index rose 3.3%.Leading the upside was CSPC Pharmaceutical, gaining 8.3%, while Semiconductor Manufacturing International declined 10.1%.On the mainland, the Shanghai Composite fell 2% to 4,028.90.On the other regional exchanges, the Taiwan TWSE declined 0.6%; the Australian ASX 200 was steady; the Singapore Straits Times Index rose 1.1%, and the Thai Set advanced 0.3%. In late trading in Mumbai, the Sensex was up 0.8%MSCI All Country Asia Pacific Index fell 1.4% on the day.

Hang SengNikkei 225Shanghai Composite
Asia

Hong Kong Stocks Rise as Focus Shifts to U.S. Labor Data; Anker Rises in Debut

Hong Kong stocks closed higher Thursday as investors awaited key U.S. labor data and monitored developments in the Middle East.The Hang Seng Index rose by around 174.01 points, or roughly 0.8%, to end at 23,055.03, while the Hang Seng China Enterprises Index increased by 54.18 points, or 0.7%, to end at 7,612.48.Investors are awaiting the release of the U.S. non-farm payrolls data for clues on the Federal Reserve's stance on rate hikes.The U.S. economy is expected to have added 110,000 jobs in June, with unemployment remaining steady at 4.3%, according to a median estimate of economists polled by Reuters.Elsewhere, representatives from Iran and the U.S. concluded a round of indirect talks in Doha with no sign that any progress had been made towards ending their conflict permanently, Reuters reported.Meanwhile, the Hang Seng Index was among the worst performers globally during the first half of 2026, dropping 11% in the six months to end June and underperforming most of the world's key equity benchmarks, including the S&P 500 and the Nikkei 225, the South China Morning Post reported.The tech-focused Hang Seng Tech Index declined even further during the period, down 19% by end June, the report said.In corporate news, Anker Innovations (HKG:0668; SHE:300866) had a strong debut in Hong Kong after shares closed at HK$114.90 each, 16% higher than the initial public offer price of HK$99.32.

Hang SengHKG:0668SHE:300866

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