Hong Kong shares close higher on Wednesday, HSBC jumps 5pc to a record high

Hong Kong shares rose on Wednesday after the release of the Budget 2026-27.

The benchmark Hang Seng Index rose 175 points, or 0.66 percent, to 26,765, with the full-day turnover at HK$236.7 billion.

The Hang Seng Tech Index inched down by 0.19 percent to 5,260.

HSBC (0005) jumped 5.5 percent to a record high at HK$142.8 after it reported a better-than-expected performance.

Haidilao International (6862) surged the most by nearly 6 percent among the blue chips, boosted by the upbeat consumption sentiment amid the Chinese New Year holiday.

In mainland China, the Shanghai Composite Index went up 0.72 percent to 4,147, and the Shenzhen Component Index advanced 1.29 percent to 14,475.