Hong Kong stocks closed higher, with the Hang Seng Index rising 1.75% and the Tech Index rising 1.87%. Chinese securities firms and insurance stocks performed strongly, with CITIC Securities (06030.HK) up 5%, China Life Insurance (02628.HK) up 5.5%,

2025-12-12

Hong Kong stocks closed higher, with the Hang Seng Index rising 1.75% and the Tech Index rising 1.87%. Chinese securities firms and insurance stocks performed strongly, with CITIC Securities (06030.HK) up 5%, China Life Insurance (02628.HK) up 5.5%, and China Pacific Insurance (02601.HK) up 5.7%.

Other News
2025-12-12

Energy: 1. The IEA raised its 2026 oil demand growth forecast, slightly narrowing its supply surplus expectation. 2. OPEC Monthly Report: OPEC+ slightly increased production, maintaining its demand growth forecasts for this year and next. 3. CNPC

2025-12-12

U.S. Department of Homeland Security: U.S. Homeland Security Secretary Norm announced a $1 billion grant to Georgia for the Federal Emergency Management Agency.