Hang Seng Pares Gains at Finish
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The Hang Seng Index rose 156 points (0.6%) to close at 27,183, marking its second consecutive gain, buoyed by Wall Street's record close. Optimism in China regarding strong Lunar New Year travel demand contributed to market steadiness. However, gains were tempered by caution ahead of upcoming Chinese CPI and PPI data. Notable stock movements included Innovent Biologics up 5.0%, JF SmartInvest Holdings up 9.3%, and Axera Semiconductor's successful debut, while Zhaojin Mining fell 6.3% following a fatal accident.
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