• Like
  • Comment
  • Favorite

Hong Kong Stocks Close Higher Following Wall Street Rally; Colour Life Services Jumps on Restructuring

MT Newswires Live01-06

Hong Kong equities advanced on Tuesday, supported by a Wall Street rally led by energy and financial stocks.

The Hang Seng Index gained 363.21 points, or 1.4%, to close at 26,710.45, while the Hang Seng China Enterprises Index added 95.77 points, or 1.1%, to 9,244.24.

In the U.S., oil majors rose after weekend military action that resulted in the capture of Venezuelan President Nicolas Maduro, helping lift the Dow Jones Industrial Average to a fresh record.

Investors also ramped up bets that China will bolster policy support in 2026 after the latest monthly data pointed to a broad-based economic slowdown and continued declines in property prices, according to a South China Morning Post report.

Closer to home, the S&P Global Hong Kong SAR Purchasing Managers' Index eased to 51.9 in December 2025 from 52.9 in November 2025.

The reading signalled a more moderate improvement in business conditions and marked a fifth consecutive month of expansion.

In corporate news, Colour Life Services (HKG:1778) closed nearly 7% higher after saying it will cease to be a subsidiary of Fantasia (HKG:1777) following a restructuring.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

empty
No comments yet
 
 
 
 

Most Discussed

 
 
 
 
 

7x24