Hong Kong Equities Extend Gains
Hong Kong equities rose 55 points (0.2%) to 26,210, marking a second consecutive session of gains. Chief Executive John Lee highlighted 80 IPOs in the first ten months of 2025, reflecting strong capital markets. Chinese VP He Lifeng emphasized enhanced cooperation between Hong Kong and mainland sectors. Beijing also extended its visa-free entry policy for 45 countries until Dec. 31, 2026. However, gains were tempered by a decline in U.S. futures due to uncertainties over the Federal Reserve's policy and ongoing government shutdown concerns. Notable early movers included H World Group (5.5%) and SMIC (3.4%).
Shares in Hong Kong rose 55 points or 0.2% to 26,210 on Tuesday morning, marking a second straight session of advances as most sectors strengthened.
Sentiment was supported by comments from Chief Executive John Lee, who said Hong Kong recorded 80 IPOs in the first ten months of 2025, underscoring the city’s resilient capital markets.
Chinese VP He Lifeng also expressed hopes for stronger cooperation between Hong Kong and the mainland’s economic and financial sectors to boost the city’s global financial hub status.
Meanwhile, Beijing extended its visa-free entry policy for citizens of 45 countries until Dec. 31, 2026, and added Sweden to the list starting Nov. 10.
However, gains were limited by a decline in U.S. futures amid uncertainty over the Federal Reserve’s policy path following two rate cuts this year and concerns over the ongoing government shutdown.
Early movers included H World Group (5.5%), SMIC (3.4%), Citic Ltd. (3.0%), and Tencent Music Entertainment (2.4%).
