The Hang Seng Index rose 0.5%, or 124 points, to around 24,635 on Monday, ending a three-session losing streak. Finance, technology and energy-mineral stocks supported the rebound despite Treasury yields reaching multi-decade highs as markets priced in the possibility of further Federal Reserve (U.S. central bank) rate hikes. Oil prices also climbed after President Donald Trump rejected Iran’s proposal to reopen the Strait of Hormuz, while Tehran maintained its conditions for restoring access through the major shipping route. China’s industrial profits increased 15.7% year-on-year to CNY 5.27 trillion in the first eight months of 2026, slowing from 17.6% growth in January-July and pointing to moderating corporate profit growth. Tencent, AIA, KE Holdings, InSilico Medicine and Meituan were among the notable gainers.