Hong Kong stocks rose for a second consecutive session on the 26th. The Hang Seng Index rose 118.44 points from the previous weekend close to 23,211.81, supported by dip-buying as the market remained near a four-month low.
Hong Kong stocks rose for a second consecutive session on the 26th. Market participants said investors bought on expectations of policy support from Chinese authorities, while a strong wait-and-see mood also prevailed ahead of earnings season.
The Hang Seng Index closed at 23,211.81, up 118.44 points from the previous weekend close. Amid sharp fluctuations, dip-buying provided support for the market at times.
Expectations for policy support from the Chinese government remained strong, but as companies entered a period of full-scale earnings announcements, investors also adopted a wait-and-see stance, particularly toward economically sensitive stocks.
Although the overall uptrend continued during the session, selling emerged in some areas, leaving the market's overall direction uncertain.