FX.co ★ Hong Kong Stocks Rise for Fifth Straight Session

In Tuesday's morning trading session, the Hang Seng Index rose by 107 points, equivalent to a 0.4% increase, reaching 25,909. This marks its highest level in over a week and extends its upward trend for the fifth consecutive session. The index's performance was buoyed by a rise in US futures, as the tech sector continued its recovery from recent volatility. Renewed optimism regarding AI-related stocks spurred a rally on Wall Street, contributing to the Hang Seng's increase. The market benefited from a shortened trading week, amid anticipations of further Federal Reserve interest rate cuts and a scarcity of strong market drivers. Investors also kept a close watch on the National People's Congress Standing Committee meeting, hopeful for additional government stimulus measures. On the economic data front, Hong Kong's annual inflation rate remained at 1.2% in November, marking the highest level in three months. Early winners in the session included CSPC Pharmaceutical Group, which surged 5.2%, Zhongsheng Group at 3.0%, Ping An Insurance rising 2.9%, Li Ning with a 2.1% increase, and PetroChina up by 1.9%.