FX.co ★ Hong Kong Stocks Hit One-Month High

The Hang Seng Index climbed 1.3%, or 317 points, to 24,660 on Wednesday, its highest level since June 2026. The advance followed overnight gains on Wall Street after softer-than-expected US inflation data eased worries about imminent Federal Reserve interest rate hikes.

Markets largely shrugged off renewed tensions in the Middle East after President Donald Trump threatened further strikes on Iran and reinstated a US blockade in the Strait of Hormuz. At the same time, investors digested China's second-quarter GDP figures, which showed year-on-year growth of 4.3%, down from 5.0% in the first quarter and below market forecasts, underscoring ongoing domestic economic headwinds.

Technology shares led the rally, supported by gains in retail and producer manufacturing stocks. Notable advancers included Lenovo (up 4.7%), AIA (up 3.1%), Innovent Biologics (up 5.0%), Tencent (up 1.5%), and Shanghai Iluvatar CoreX (up 0.6%).