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.