The Hong Kong stock market recorded a positive performance at the start of the trading week. The Hang Seng Index closed significantly higher on Monday (27/7/2026), driven by the return of investor buying interest in the technology and financial sectors as global political tensions eased.
According to trading data, the Hang Seng index surged 0.98 percent or gained 243.95 points to the level of 25,207.18. Throughout the day, the index consistently moved in the green zone after opening at the level of 24,993.77, with daily fluctuations in the range of 24,938.34 to touching a high of 25,276.96.
The technology sector was the main driver of the gains this time, with the Hang Seng TECH index surging by 1.50 percent. The recovery of the financial sector also provided additional positive sentiment. Market players capitalized on the price correction momentum from last week, caused by a sell-off on Wall Street, to accumulate mega-cap tech stocks ahead of the release of quarterly earnings reports.
Positive sentiment in global markets was primarily triggered by news of a temporary ceasefire between the United States and Iran. The US holding back airstrikes and a conducive response from Tehran managed to push Brent crude oil prices below USD 92 per barrel. The easing of geopolitical risk immediately triggered a return of investor appetite for risky assets in the Asian region.
On the domestic front, the appeal of Hong Kong's capital market received a boost of optimism from the planned initial public offering (IPO) of the global fashion brand, Shein. The arrival of this new issuer is expected to significantly increase market liquidity. However, the index's upward momentum was slightly held back as market participants remained cautious ahead of monetary policy decisions from several major global central banks this week.
