Hong Kong stocks opened slightly higher in early trading on December 4.
As of the latest update, the Hang Seng Index rose 43.28 points, or 0.17%, to 25,804.01, while the Hang Seng Tech Index gained 17.51 points, or 0.32%, to 5,552.43.
In market news, Joyson Elec (HK:00699) was included in the Stock Connect program. According to a Shenzhen Stock Exchange announcement, Joyson Elec met the requirements for inclusion after completing its price stabilization period in Hong Kong and having its A-shares listed for at least 10 trading days. The adjustment took effect on December 4, 2025.
Joyson Elec's H-shares debuted on the Hong Kong Stock Exchange on November 6 at an IPO price of HK$22 but later fell to HK$14.28. At the time of writing, the stock traded at HK$18.22.
Sector-wise, tech stocks were mixed, with Meituan up over 1% while Alibaba slipped 0.33%. Biotech stocks opened higher, with Ascletis Pharma surging more than 5%. Most non-ferrous metal stocks advanced, led by China Aluminum International, which jumped over 7%, followed by Zijin Mining and MMG, both up more than 4%, and Jiangxi Copper rising over 3%.
**Outlook:** Brokerages suggest that despite short-term volatility, the medium-to-long-term outlook for Hong Kong stocks remains cautiously optimistic. Near-term opportunities may lie in high-dividend defensive plays and policy-supported sectors. For the longer term, reasonably valued tech stocks with solid fundamentals, as well as oversold consumer and healthcare stocks, could present opportunities. Market participants are also watching for potential positive catalysts, such as expectations of Fed rate cuts improving liquidity. Continued inflows of southbound capital may provide additional support.
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