Market Updates
Tech-Powered Rebound Lifted Indexes In Mainland China and Hong Kong
Li Chen
07 May, 2026
Hong Kong
Stocks in mainland China and Hong Kong advanced tracking gains in overnight trading in New York and rising possibilities of easing tensions in the Middle East.
The Hang Seng Index increased 1.5%, and the mainland-focused CSI 300 Index edged up 0.3%.
Crude oil prices eased a fraction following sharp losses in the previous session, as investors held out for a faster resolution to reopening of ocean trade in the Strait of Hormuz.
Technology stocks and AI-linked stocks led most actively stocks list in Shanghai and Shenzhen.
China Indexes and Stocks
The Hang Seng Index increased 1.5% to 26,602.12, and the mainland-focused CSI 300 Index rose 0.3% to 4,890.32
Alibaba Group, Baidu, Tencent Holdings, and SMIC gained between 2% and 5%.
CNOOC, China Petroleum and Chemical, and PetroChina Company declined between 0.5% and 5%.
China Vanke, Sun Hung Kai Properties, and Henderson Land Development edged up between 1% and 3%.
Annual Returns
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Earnings
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