The Hang Seng Index rose 1.1% to close 25,336 on Wednesday trading, marking a second straight session of gains, supported by easing oil prices and a pause in immediate geopolitical escalation that helped stabilize risk sentiment. Investors reassessed earlier concerns over a potential energy shock, after surging crude prices and rising global bond yields had triggered heavy foreign outflows from Asian equities and pressured valuations across the region. Despite the uptick, investors remained cautious, with lingering concerns over liquidity, growth momentum, and the risk of renewed oil spikes likely to keep markets volatile in the near term. All stock sectors traded in the green, except for energy minerals, communications and consumer services. Notable movers included Meituan Class B (+13.92%), Semiconductor Manufacturing (+2.36%), and AIA Group Limited (+2.00%). In contrast, Pop Mart International (-22.51%) and Tencent Holdings (-1.65%) declined.