Asian Markets Strong on Wednesday Led by China’s A-shares and Hong Kong Gains

Asian markets saw broad gains on Wednesday, February 12, with China’s A-shares and Hong Kong tech stocks driving positive sentiment. DeepSeek-related stocks were once again strong performers, and real estate stocks showed a rebound in China. Japan remained modestly positive, while other regional markets posted slight improvements.

Chinese markets finished the day higher, with China’s A-shares continuing their upward momentum. The Shanghai Composite Index gained 0.85%, closing at 3,263.99 points, while the Shenzhen Component Index rose 1.43% to 10,721.62 points. The ChiNext Index, representing the growth-oriented technology stocks, led the gains with a rise of 1.81%. DeepSeek concept stocks were once again a driving force, leading a surge in investor sentiment. In the real estate sector, Vanke A saw a late surge, hitting the daily limit as the sector showed signs of recovery.

In Hong Kong, the Hang Seng Index surged 2.64%, closing at 21,594.62 points, and the Hang Seng Tech Index rose 2.7%. Alibaba-W led the charge, jumping 8.48%, while Meituan-W fell 4.08%. Tencent Holdings gained 3.93%, SMIC surged 5.85%, and Xiaomi-W rose 3.64%, reflecting strong buying interest in tech and consumer stocks.

In Japan, the Nikkei 225 rose 0.42% to 38,868.72 points, supported by gains in major technology stocks. The TOPIX Index was up 0.01%, closing at 2,777.95 points. Notable movers included SoftBank Group, which rose over 4%, as well as Canon, which gained nearly 4%, showing strength in Japan’s tech sector.

In other Asian markets，South Korea’s KOSPI rose 0.37% to 2,548.39 points, and Malaysia’s FTSE Bursa Malaysia KLCI added 0.33% to 1,595.24 points. India’s S&P BSE Sensex gained 0.12%, closing at 76,385.56 points, while Indonesia’s Jakarta Composite Index rose 1.27% to 6,614.94 points, by 16:00 Singapore time.