🇭🇰 Hong Kong — Weekly Briefs

Hang Seng rebounds on June PMI strength amid July IPO lock-up wave

Hong Kong equities posted gains across several sessions in the first week of July, buoyed by a stronger-than-expected private-sector PMI reading for June. Investor focus remained on a record volume of share lock-up expirations expected to hit the market during the month. Broader sentiment drew support from AI-related enthusiasm extending into biotechnology names, while caution persisted over external factors including U.S. data and regional tech volatility.