Financial Wire

Hong Kong Stocks Gain as Easing Geopolitical Tensions, Strong China Data Lifts Sentiment; Sigenergy Technology Shines on Debut

-- Hong Kong equities advanced on Thursday as improving sentiment around a potential de-escalation in the Middle East and stronger-than-expected first-quarter economic data from China supported the market.

The Hang Seng Index gained 446.94 points, or 1.7%, to close at 26,394.26, while the Hang Seng China Enterprises Index added 186.85 points, or 2.1%, to 8,905.11.

Optimism grew that the Middle East conflict may be nearing a turning point, as Pakistani mediation and signals from the Trump administration pointed to progress toward a deal that could reopen the Strait of Hormuz.

China's economy expanded 5% year-on-year in the first quarter, beating market expectations, official data showed.

Meanwhile, the country's crude oil throughput fell 2.2% year-on-year in March as the Iran conflict curbed refinery activity, while domestic crude output reached a record high.

In corporate news, Sigenergy Technology (HKG:6656) made its debut in Hong Kong, closing over 103% higher at HK$659.50, compared with the offer price of HK$324.20.

Lens Technology (HKG:6613, SHE:300433) slipped nearly 13% after booking a loss in the first quarter of 2026.

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