The Hang Seng rose 149 points or 0.6% to end at 24,221 on Wednesday, halting a three-day slide amid gains in most sectors. A modest rise in U.S. futures also lifted sentiment as upbeat May job openings reinforced confidence in the labor market. Optimism was further fueled by U.S.
Treasury Secretary Bessent’s expectation that the Federal Reserve could begin cutting rates by September, aligning with President Trump’s calls for monetary easing. At the same time, investors looked ahead to China’s upcoming Politburo meeting, where fresh stimulus may be introduced to counter a drag from steep U.S. tariffs. However, caution emerged as Trump ruled out extending his July 9 tariff deadline, capping further gains. Among key movers, New World Development soared 9.7% on a USD 11.2 billion refinancing deal, while Geely Auto climbed 2.4% after lifting its FY sales target to 3 million units. Other notable gainers included Sands China (5.8%), Galaxy Entertainment (5.7%), and CSPC Pharma (3.5%).
