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Hang Seng Index Soars Amid Easing US-China Tensions

10/20/2025

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Summary

Story summary

The Hang Seng Index rose over 2% on October 19, 2025, with volumes above 500 million shares and easing regulatory concerns, led by Tencent Holdings Ltd and Alibaba Group Holding Ltd.
The Hang Seng Tech Index surged 3.2%.
On October 20, the Hang Seng rose 2.4% as US-China tensions eased and China’s GDP grew 4.8% year-on-year, following October 16 drop.

History

Historical Context

Founded in 1995 by Jimmy Lai, Apple Daily became a prominent pro-democracy voice in Hong Kong, known for its tabloid journalism. However, after the 2020 enactment of the national security law, the newspaper faced increasing pressure, culminating in a police raid on June 17, 2021. It ceased operations on June 24, 2021, with over one million copies of its final issue printed, reflecting the erosion of press freedom in Hong Kong.

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Story summary

The Hang Seng Index rose over 2% on October 19, 2025, with volumes above 500 million shares and easing regulatory concerns, led by Tencent Holdings Ltd and Alibaba Group Holding Ltd.
The Hang Seng Tech Index surged 3.2%.
On October 20, the Hang Seng rose 2.4% as US-China tensions eased and China’s GDP grew 4.8% year-on-year, following October 16 drop.

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