Mei Ri Jing Ji Xin Wen·2025-12-05 09:46Market Performance - The Hong Kong stock market showed a rebound after an initial decline, with the Hang Seng Index successfully returning to the 26,000-point mark, significantly boosting market sentiment [1] - The Hang Seng Index closed at 26,085.08 points, up 149.18 points, a gain of 0.58% [2] - The Hang Seng Tech Index performed even better, closing at 5,662.46 points, up 47.03 points, a gain of 0.84% [3] Sector Performance - There was a clear divergence among sectors, with the large financial sector being the core driver of the afternoon market rally. Insurance stocks performed particularly well, with China Ping An (HK02318) rising over 6% and China Taiping (HK00966) increasing over 7% [5] - Brokerage stocks also saw gains, with Huatai Securities (HK06886), Shenwan Hongyuan Hong Kong (HK00218), and Hongye Futures (HK03678) all rising over 3% [5] - The tech sector saw broad gains, with Baidu Group-SW (HK09888) up over 5% and Kuaishou-W (HK01024) up over 2% [5] - The non-ferrous metals sector showed strong performance in the morning, with Jiangxi Copper (HK00358) rising over 6% [5] New Listings - Two new stocks were listed today: Tianyu Semiconductor (HK02658) and Yujian Xiaomian (HK02408), both of which saw significant declines of 30.17% and 27.84%, respectively, falling below their issue prices [5] Market Outlook - Hong Kong Yongfeng Financial Group noted that many investors are reluctant to engage in the market as the year-end approaches, with some investors looking to take profits after substantial gains throughout the year [7] - The outlook for the Hong Kong stock market in the first half of 2026 is optimistic, with potential catalysts including reassessment of China's economic growth momentum, currency exchange rates, price trends, and corporate earnings prospects [9] - Key events such as the Central Economic Work Conference in mid-December and the upcoming local and central meetings in the first quarter will serve as important observation windows for new policies [9]