Hang Seng closes up 74 points as oil stocks rally
Published on 10/13/2026 at 13:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS- Hang Seng ended October 13 at 24,345 points, gaining 74 points or 0.3 percent.
- Brent crude stayed near USD 105 as oil shares rallied across Hong Kong.
- PetroChina rose 3.7 percent, while HuaHong Semiconductor fell 5.3 percent.
- China CPI and PPI are due October 14 at 9:30 a.m. HKT, with CPI seen at 1.1 percent.
- Trading volume reached HKD 187.566 billion and 961 stocks advanced.
The Hang Seng closed at 24,345 points on October 13, up 74 points or 0.3 percent. Oil shares led the rebound as Brent crude stayed near USD 105, Xinhua reported.
PetroChina rose 3.7 percent as crude prices supported oil stocks, according to Futu News. The index opened at 24,172 points after an early decline, then recovered into the close.
Why did the Hang Seng recover on Tuesday?
Oil, shipping and gaming stocks offset weakness in artificial-intelligence hardware and pharmaceutical shares. The Hang Seng Tech Index fell 0.8 percent, while the broader benchmark finished higher. The market also reacted to China's plan to reduce new-energy vehicle export tax rebates from 13 percent to 9 percent from April 1, 2027, Gate News said.
Winners and losers in the Hang Seng
The closing stock list from Futu News showed:
- PetroChina up 3.7 percent: oil stocks benefited as Brent crude stayed near USD 105.
- Galaxy Entertainment up 3.5 percent: gaming shares advanced across the market.
- HuaHong Semiconductor down 5.3 percent: semiconductor shares weakened.
- Montage Technology down 5.1 percent: artificial-intelligence hardware remained under pressure.
Market breadth was negative despite the index gain. Futu News counted 961 advancing stocks, 1,394 declining stocks and 982 unchanged stocks.
Hang Seng course and market breadth
Turnover reached HKD 187.566 billion. The index's rebound contrasted with weakness in technology shares, while oil, shipping and gaming stocks provided support.
What comes next for the Hang Seng?
- October 14, 2026, 9:30 a.m. HKT: China CPI is expected at 1.1 percent after 0.8 percent, while PPI is seen at 4.4 percent after 3.8 percent, Thrive in Markets says.
- October 14, 2026, 8:30 a.m. ET: US CPI is scheduled for release, adding a global inflation cue for Asian markets, Thrive in Markets reports.
