Hong Kong stocks extend gains to 4-1/2-year high, mainland market higher
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Hong Kong stocks reached a 4-1/2-year high, with the Hang Seng Index up 2.21%, driven by gains in energy and materials shares amid a surge in gold prices. Mainland markets also saw increases, with the Shanghai Composite rising 0.49%. Busy Ming Group's shares soared 75% on debut after a successful IPO. Analysts are monitoring Federal Reserve Chair Jerome Powell's guidance on interest rates and tech earnings. Meanwhile, China approved imports of Nvidia's H200 AI chips, indicating a shift in policy.
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