Hong Kong stocks ended sharply higher on July 3, extending the previous session’s gains as weaker-than-expected US jobs data strengthened expectations that the US Federal Reserve (Fed) will keep interest rates on hold, lifting investor appetite for risk assets.
The benchmark Hang Seng Index rose about 295 points, or 1.3%, to close at 23,350.03, while the Hang Seng China Enterprises Index gained 1.2% to 7,699.76.
Technology shares led the advance, with the Hang Seng Tech Index climbing around 2%, as investors returned to growth stocks following the easing interest rate outlook.
The rally also reflected bargain hunting after recent volatility, with sentiment further supported by expectations that China’s upcoming economic data could show signs of stabilisation.
The gains mirrored a broader rebound across regional markets, while investors continued to monitor developments in China’s economic recovery and the Fed’s policy trajectory.
