Hong Kong stocks extend gains for a fifth day, marking their best run in a year
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Hong Kong stocks rose for a fifth consecutive day, with the Hang Seng Index increasing 0.6% to 27,169.80, marking its best run in a year. Investors are optimistic about Chinese assets due to cheaper valuations amid geopolitical uncertainty. Notable gains were seen in companies like BYD and ZTO Express, while Trip.com faced an 18% drop following an antitrust investigation. In comparison, Asian shares have outperformed Wall Street, with the Hang Seng Index up 5.3% this year, compared to a 1.7% rise in the S&P 500.
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