Hang Seng Rallies to Close Near 2-Month Peak

Trading Economics
2025.02.06 08:24
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The Hang Seng Index rose 294 points (1.4%) to close at 20,892, reaching a near two-month high. This increase was driven by optimism in China's AI sector, particularly following advancements from DeepSeek. The tech index gained 2.6%, led by significant rises in Sunny Optical Tech (10.4%) and Semiconductor Manufacturing (6.3%). BYD Co. surged nearly 20% ahead of its upcoming event. Consumer and property sectors also saw gains of 1.9% and 1.7%, respectively, while investors remained cautious ahead of upcoming US and China economic data releases.