Hong Kong Stocks Rebound; Four Firms Make Market Debut

Published on 11/06/2025 at 03:52 am EST
(MT Newswires) -- Hong Kong stocks broke their two-day losing streak Thursday, supported by dip-buying as investors hunted for bargains.
The Hang Seng Index increased by 550.49 points, or roughly 2.1%, to end at 26,485.90. The Hang Seng China Enterprises Index gained around 192.73 points, or 2.1%, to 9,355.97.
Investors appeared to be betting that markets would rebound after a pullback, a pattern seen repeated this year, the South China Morning Post reported.
Macro data from the U.S. also helped as investors digested news of better-than-expected gains in the jobs market, soothing worries about a weak U.S. economy.
In corporate news, four firms made their market debut.
Chinese autonomous driving company Pony AI had a weak trading debut, with shares closing at HK$126.10, 9.3% below the initial public offering price of HK$139.
Competitor WeRide finished at HK$24.40 per share, down 10% from the IPO price of HK$27.10.
Similarly, Ningbo Joyson Electronic closed at HK$20.24, 8% below its initial public offering price of HK$22.
Meanwhile, Vigonvita Life Sciences shares soared 146% above their IPO price of HK$33.37, closing at HK$82.

Sumber : MT Newswires