The Hong Kong stock market ticked higher again on Monday, one session after ending the two-day winning streak in which it had jumped more than 770 points or 2.8 percent. The Hang Seng Index now rests just above the 26,400 point plateau and it's tipped to open to the upside again on Tuesday. The global forecast for the Asian markets is mixed with a touch of upside as ambiguity continues to reign in the Middle East. The European markets were mixed and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.
The Hang Seng finished slightly higher on Monday following gains from the financial shares and a mixed picture from the technology stocks. For the day, the index rose 13.13 points or 0.05 percent to finish at 26,406.84 after trading between 26,219.26 and 26,427.14. Among the actives, Alibaba Group plummeted 3.67 percent, while Baidu plunged 2.96 percent, Bank of China climbed 1.17 percent, BOC Hong Kong expanded 1.19 percent, China Construction Bank advanced 0.91 percent, China Life Insurance rose 0.38 percent, China Merchants Bank and PetroChina both gained 0.47 percent, China Mobile improved 0.88 percent, China Petroleum & Chemical dipped 0.22 percent, China Shenhua Energy dropped 0.80 percent, CITIC increased 0.81 percent, CNOOC added 0.61 percent, Hong Kong Exchange as up 0.28 percent, HSBC strengthened 1.80 percent, Industrial and Commercial Bank of China collected 0.87 percent, Meituan gathered 0.36 percent, NetEase shed 0.49 percent, Nongfu Spring sank 0.74 percent, Ping An Insurance slumped 0.84 percent, Semiconductor Manufacturing surged 4.43 percent, Sun Hung Kai Properties vaulted 1.27 percent, Tencent Holdings retreated 1.48 percent, Xiaomi Corporation perked 0.06 percent, WuXi AppTec rallied 2.22 percent, Zijin Mining tumbled 1.87 percent and AIA and JD.com were unchanged.
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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.