Results for: Hang Seng Index

The Hang Seng Index experienced a significant 0.5 percent increase, reaching a five-month high of 17,290.08 as of 10.05 am local time. The Hang Seng Tech Index also saw a modest gain of 0.2 percent, while the Shanghai Composite Index witnessed a slight decline of 0.1 percent. This surge in the Hang Seng Index reflects a positive sentiment among investors, with global funds reducing their underweight positions in China and increasing their exposure to the market. The return of mainland investors through the stock connect program further contributed to the upward momentum, as they purchased approximately HK$1.2 billion worth of Hong Kong stocks.

The Hang Seng Index opened with a 1.1% increase to 17,018.98 as of 9.51am local time, while the Hang Seng Tech Index gained 1.8%. Ping An Insurance experienced a 1.5% surge to HK$33.50 due to exceeding estimates in new-business values during the first quarter. Hong Kong Exchanges and Clearings rose 1.2% to HK$233.40 ahead of its earnings report later on Wednesday.