Hong Kong Stock Market Closing Review: Two Weeks of Ceasefire, Hong Kong Stocks Are Excited! The Tech Index surged 5.2%, the Hang Seng Index soared past 25,800, and tech stocks are going crazy.

LootboxPhobia · 2026-04-08T09:40:43+00:00

Gelonghui April 8 | The US and Iran agree to a two-week ceasefire and initiate substantive negotiations, significantly boosting risk market bullish sentiment. The Hong Kong stock market experiences a long-awaited surge, with the three major indices opening higher and rising steadily. The Hang Seng Tech Index leads the gains with a 5.22% increase, performing the strongest. The Hang Seng Index and the Hang Seng China Enterprises Index rise by 3.09% and 2.61%, respectively, with the Hang Seng Index climbing nearly 800 points to 25,893. Notably, while the overall market rises, southbound funds net sold over HKD 20 billion of Hong Kong stocks.Specifically, large-cap technology stocks, major financial stocks, and state-owned enterprise stocks all rose collectively, helping the market stay buoyant. Meituan surged over 10%, Alibaba and Xiaomi both gained over 6%, and New China Insurance led the domestic insurance sector with nearly a 6% increase. The three major airline stocks also led the rise among state-owned enterprises. Tech giants are actively buying DRAM! Semiconductor storage concepts performed strongly, with Tianzhi Zhixin soaring 33.6%, showing remarkable strength. After the US-Iran ceasefire, gold and silver prices also increased.

LootboxPhobia

2026-04-08 09:40:43

Gelonghui April 8｜The U.S. and Iran both agreed to a two-week ceasefire and to begin substantive negotiations, and sentiment in risk markets surged to go long. Hong Kong stocks have seen a long-awaited rally; all three major indices showed a pattern of opening higher and then moving higher. In particular, the Hang Seng Tech Index surged 5.22% to deliver the strongest performance. The Hang Seng Index and the Hang Seng China Enterprises Index rose 3.09% and 2.61%, respectively. The Hang Seng Index climbed nearly 800 points to close at 25,893. It is worth noting that while the overall market rose, cross-border southbound funds turned around and net sold Hong Kong stocks of more than HK$20 billion.

In terms of the specific market, weighty sectors such as large-cap tech stocks, big financials, and China-state-enterprise shares all rose collectively, helping the market look strong. Among them, Meituan jumped more than 10%; Alibaba and Xiaomi rose more than 6%; Xinhua Insurance rose nearly 6% to lead the rise in domestic insurance stocks; and the three major airline stocks led the gains in China-state-enterprise shares. Big players are reportedly sweeping up DRAM! The semiconductor memory concept performed strongly—Tian Shu Zhi Xin soared 33.6%, which was especially eye-catching. After the U.S.-Iran ceasefire, gold and silver rose; gold-related stocks were active across the board. A foldable iPhone is reportedly still scheduled to make its first appearance in September as planned. Apple concept stocks were strong throughout the day; AI application stocks were lifted; and “the first token-themed stock,” Xun Ce, hit a record high!

On the other hand, as geopolitics eased, the energy risk premium cooled. Among them, Yancoal Australia fell by more than 8%, China National Offshore Oil fell by 3.33%, and the innovation-drug concept stocks that had been strengthening continuously collectively pulled back. (Gelonghui)

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