Published on 07/06/2026 at 04:39 am EDT
(MT Newswires) -- Hong Kong stocks closed higher Monday as easing oil prices and prospects of increased crude supply helped temper inflation concerns.
The Hang Seng Index rose 1.1%, or 266.29 points, to close at 23,616.32, while the Hang Seng China Enterprises Index gained 1.5%, or 112.59 points, to finish at 7,812.35.
While there were no major developments in the fragile U.S.-Iran peace talks, shipping through the Strait of Hormuz remained largely uninterrupted.
OPEC + also agreed to raise output targets by a further 188,000 barrels per day from August, following similar increases for June and July.
Brent crude subsequently slipped to near four-month lows.
Meanwhile, Hong Kong's private sector activity expanded at its fastest pace in four months in June, according to S&P Global.
The seasonally adjusted S&P Global Hong Kong SAR Purchasing Managers' Index rose to 52.0 from 50.4 in May, marking the strongest improvement in business conditions since February.
In corporate news, FS.complunged nearly 9% after agreeing to acquire Shanghai Baud Data Communication, a network communication equipment firm, for 330 million yuan.

Sumber : MT Newswires