• Thu, Apr 16, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Market & Economic Intelligence Platform Insight on Macro, Commodities, Equities & Policy

16 April 2026 15:38  |

Middle East Sentiment Improves, Hong Kong Stocks Rise Sharply

Hong Kong stocks rallied on Thursday (April 16), buoyed by improving sentiment regarding the potential for de-escalation in the Middle East and stronger-than-expected Chinese first-quarter economic data. The Hang Seng rose 1.7% to 26,394.26, while the HSCEI gained 2.1% to 8,905.11.

Market optimism increased after signals of Pakistani mediation and indications from the Trump administration pointed to progress toward a deal that could reopen the Strait of Hormuz. In China, first-quarter GDP grew 5% year-on-year, beating expectations. However, the impact of the Iran conflict continued to be felt in the energy sector: China's crude oil throughput fell 2.2% year-on-year in March, despite record domestic oil production.

In individual stocks, Sigenergy Technology debuted in Hong Kong and closed up more than 103% to HK$659.50 from its offering price of HK$324.20. In contrast, Lens Technology fell nearly 13% after posting a loss in the first quarter of 2026. (Arl)

Source: Newsmaker.id

Related News

MARKET UPDATE

Asia Down for 3 Days, Oil Rises

Asian markets continued their decline for a third day, while oil prices edged higher as the war in Iran was seen as potential...

4 March 2026 07:26
MARKET UPDATE

Asia Sets Record, US Yields Rise: CPI Markets Await

Asian stocks rallied for a fifth straight day on Wednesday, with the MSCI Asia Pacific Index rising about 0.4% to hit another...

12 February 2026 07:26
MARKET UPDATE

Asia Slightly Red, Yen Remains Strong: Korean Tariffs Make ...

Asian markets moved slightly lower after tariff concerns resurfaced. South Korea was the focus: the Kospi fell around 0.9%, w...

27 January 2026 07:23
MARKET UPDATE

Asian Markets Risk Off, Oil Surges Again Amid Iran War

Asia-Pacific markets weakened on Thursday, as investors continued to grapple with oil price volatility and escalating tension...

12 March 2026 07:32
BIAS23.com BIAS23.com NM23 Ai