Hong Kong Equities Extend Gains
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Hong Kong equities rose 55 points (0.2%) to 26,210, marking a second consecutive session of gains. Chief Executive John Lee highlighted 80 IPOs in the first ten months of 2025, reflecting strong capital markets. Chinese VP He Lifeng emphasized enhanced cooperation between Hong Kong and mainland sectors. Beijing also extended its visa-free entry policy for 45 countries until Dec. 31, 2026. However, gains were tempered by a decline in U.S. futures due to uncertainties over the Federal Reserve's policy and ongoing government shutdown concerns. Notable early movers included H World Group (5.5%) and SMIC (3.4%).
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