Hong Kong stocks are expected to open higher following the previous day's gains in New York, with earnings announcements from companies including HSBC in focus. Expectations for a recovery in supply and demand for AI-related stocks are expected to support market sentiment against the backdrop of rising US stocks.
Hong Kong stocks may open higher on the 27th following the previous day's firm performance in New York. On the 24th, expectations for a recovery in demand for AI-related stocks came into focus, and reports indicated that buying of technology stocks, particularly semiconductor stocks, became increasingly active.
As the Federal Open Market Committee (FOMC) will remain in session through the 28th, a wait-and-see mood may spread across the market. Meanwhile, Hong Kong is entering the peak period for earnings announcements for the January-September period, and trading in individual stocks is expected to become more active. HSBC and ASMPT are particularly scheduled to announce their results.
In New York trading on the 26th, the Dow Jones Industrial Average rebounded 0.28% and the Nasdaq Composite rose 0.82%. Among US depositary receipts of Hong Kong-listed companies, HSBC and Alibaba Group closed above their Hong Kong closing prices, while Meituan and Tencent closed below them.