Hong Kong Stocks Close Higher on Golden Week Holiday Optimism; Alibaba, Trip.com Rally

Published on 09/29/2025 at 04:47 am EDT
(MT Newswires) -- Hong Kong equities advanced on Monday as a rebound in China's industrial profits and holiday spending hopes set a positive tone to start the week.
The Hang Seng Index jumped 494.68 points, or 1.9%, to 26,622.88, while the Hang Seng China Enterprises Index rose 151.02 points, or 1.6%, to 9,454.12.
China's industrial profits rose 20.4% in August from a year earlier, rebounding from a 1.5% year-on-year decline in July, while profits grew 0.9% in the first eight months compared to a 1.7% decline in the January-July period, National Bureau of Statistics data showed.
Sentiment was further supported by expectations that the upcoming Golden Week holiday will unleash a wave of consumer activity, lifting demand across airlines, travel services, duty-free shopping, casinos, cinemas, and liquor makers.
The week-long holiday beginning Wednesday is projected to draw millions of travelers, with passenger traffic and overall consumption expected to record a significant increase.
In corporate news, Alibaba rose over 4% as investors bet on a holiday-driven boost.
Trip.comgained about 3% on similar momentum.

Sumber : MT Newswires