Hang Seng index rallies 1%, extends gains for second day as tech stocks support sentiment - What to watch next

What happened: The Hang Seng Index rose 1% to 24,280 on Tuesday, 6 October, its second straight day of gains, as technology stocks supported sentiment while property and financial stocks stayed under pressure. Key numbers: Hang Seng +1% to 24,280. S&P 500 +0.7%, Dow +0.2%, Nasdaq +1.1% to a record close. Why it matters: The tech-led rally on Wall Street and appetite for artificial intelligence investments are supporting Asian equities, while rising US Treasury yields continue to weigh on rate-sensitive property and financial stocks.

The Hang Seng Index rose 1% to 24,280 on Tuesday, 6 October, its second straight day of gains, as technology stocks supported sentiment while property and financial stocks stayed under pressure.

The tech-led rally on Wall Street and appetite for artificial intelligence investments are supporting Asian equities, while rising US Treasury yields continue to weigh on rate-sensitive property and financial stocks.