FX.co ★ Hang Seng Rallies to Close at Near Two-Week High

On Tuesday, the Hang Seng Index soared by 361 points, or 1.4%, closing at 27,127, marking its fifth successive rise and reaching nearly a two-week high thanks to overall sector growth. The positive sentiment was fueled by the extended gains seen on Wall Street Monday, where the S&P 500 and Nasdaq both rose for a fourth consecutive session as investors anticipated the Federal Reserve's upcoming interest rate decision this week. Financial stocks experienced a 2.5% boost after China's central bank committed to enhancing market connectivity with Hong Kong. Traders responded favorably to official data indicating a rise in China's industrial profits in 2025, the first increase in four years, attributed to a recovery in December. Meanwhile, expectations of an improved earnings landscape were bolstered by indications of Beijing's efforts to curb price wars. Nevertheless, gains were tempered by cautious anticipation of China's upcoming official Purchasing Managers' Index (PMI) release. In standout performances, Zijin Gold International surged 9.2% following its announcement to acquire Canada's Allied Gold, aimed at global expansion. Other notable performers included Minimax Group, which rose 15.3%, AIA Group at 3.6%, Techtronic Industries up by 2.8%, and China Taiping Insurance, which gained 2.2%.