04.11.202502:17:48UTC+00Hong Kong Equities Extend Gains

Hong Kong's stock market experienced a rise on Tuesday morning, with the index climbing 55 points, or 0.2%, reaching 26,210. This marks the second consecutive day of market gains, driven by an upswing across most sectors. Investors' confidence was bolstered by Chief Executive John Lee's remarks that Hong Kong saw 80 initial public offerings in the first ten months of 2025, highlighting the strength of the city's capital markets. Additionally, Chinese Vice Premier He Lifeng expressed optimistic expectations for enhanced collaboration between Hong Kong and mainland China in economic and financial arenas, reinforcing Hong Kong's status as a prominent global financial hub. Concurrently, Beijing extended its visa-free policy for citizens of 45 countries until December 31, 2026, while also including Sweden in this list starting November 10. Notwithstanding these positive factors, upward momentum was tempered by a dip in U.S. futures, attributed to uncertainties surrounding the Federal Reserve’s policy direction following two interest rate cuts this year and ongoing concerns about the government shutdown. The day's early stock performers included H World Group with a 5.5% rise, SMIC up 3.4%, Citic Ltd. increasing by 3.0%, and Tencent Music Entertainment climbing by 2.4%.