Hong Kong shares climbed 205 points or 0.9% to 24,385 in early trade on Wednesday, extending gains for the fourth session and holding at a two-week high.
The advance followed an overnight rally on Wall Street, fueled by optimism that the U.S.-brokered ceasefire between Israel and Iran will hold.
Investors also welcomed Fed Chair Jerome Powell’s remarks that the central bank is committed to containing inflation and will likely keep rates steady until the impact of tariffs becomes clearer.
Sentiment was further supported by a third consecutive day of gains in mainland markets, with the Shanghai Composite reaching a three-month high amid improved risk appetite and capital inflows.
The rally in Hong Kong was broad-based, led by property, tech, and consumer sectors.
Among top performers were JD Logistics (8.5%), Zhejiang Sanhua Intelligent (4.4%), SMIC (3.7%), and Pop Mart Intl. (1.7%).
