The Hang Seng Index rose 2.0% to close at 25,294 on Wednesday, rebounding from a two-day slump following a broader global equity recovery, supported by early signs of easing geopolitical tensions in the Middle East. Improving sentiment around a possible resolution to the Iran conflict lifted global markets after President Donald Trump indicated US forces could withdraw in the coming weeks, even without a formal agreement. All sectors traded in the green except energy, minerals, and miscellaneous. The sharpest gains were seen in biotech, shipping, and materials stocks, with buying interest across both cyclical and growth sectors. Individually, notable movers included Tencent Holdings (+2.5%), Pop Mart International (+0.97%), Knowledge Atlas Technology (+31.9%), Xiaomi Corporation (+0.7%), and Semiconductor Manufacturing (+4.5%).