Hong Kong stocks closed sharply higher on Sept 5 as renewed optimism over US interest rate cuts lifted investor sentiment, with the Hang Seng Index gaining 1.43% to finish at 25,417.98.
The Hang Seng China Enterprises Index advanced 1.34% to 9,057.22, while the Hang Seng Tech Index outperformed with a 1.95% surge to 5,687.45.
New energy and resource stocks led the rally. CALB soared 18.4%, Xinte Energy jumped 17.3%, and SD Gold added nearly 5.9%. Analysts said the strong moves reflect growing bets that a Federal Reserve rate cut is imminent following weak US jobs data, potentially driving foreign inflows into Hong Kong equities.
Market strategists remain upbeat, with some forecasting a sustained rebound and the early stages of a slow-moving bull market in the city’s stocks.
