29.04.202602:08:34UTC+00Hong Kong Shares Rise on Dip Buying

The Hang Seng Index climbed 300 points, or 1.2%, to around 25,985 on Wednesday, rebounding from the previous session’s losses as investors bought into recent market weakness. Sentiment was underpinned by selective buying in heavyweight banking and technology counters, even as broader risk appetite remained subdued. Regional markets opened lower, tracking a tech-led selloff on Wall Street amid worries about the payoff from substantial AI-related investments ahead of major megacap earnings releases. External signals were mixed: oil prices held on to recent gains as traders monitored peace talks involving Iran, while persistent concerns over the Strait of Hormuz kept energy supply risks in focus. Despite the bounce in Hong Kong equities, investors stayed cautious in the face of ongoing geopolitical tensions and elevated market volatility. Key gainers included AIA Group (up 1.5%), Tencent Holdings (0.9%), Xiaomi Corporation (0.2%), Meituan Class (2.5%), and Pop Mart International (2.4%).