Mar 6, 02:02 AM

Hong Kong's Hang Seng Index Climbs 3.29% to 24,369.71, Kuaishou Up 15.7%, Alibaba Up 7%

On March 6, 2025, Hong Kong's Hang Seng Index closed up 775.5 points, or 3.29%, finishing at 24,369.71. The Hang Seng China Enterprises Index rose by 307.69 points, or 3.57%, to close at 8,938.09. The Hang Seng Tech Index also saw gains, closing up 5.4%. Notable performers included Kingdee International, which surged 21%, Kuaishou, up 15.7%, and Alibaba, which rose 7%. The Shenzhen Component Index increased by 2%, while the Shanghai Composite Index rose by 1.32%. China’s most active CSI 500 stock index futures rose 1.62%, exceeding 6,000, and turnover on the Shanghai and Shenzhen stock exchanges surpassed 1 trillion yuan for the 32nd consecutive trading day. The positive market sentiment was attributed to supportive economic policies announced during China's National People's Congress.