The Hang Seng Index climbed 707 points, or 2.4%, to 25,725 on Wednesday, bouncing back from a 0.7% drop in the previous session and reaching this week’s highest level. Broad gains across sectors lifted the market as investor confidence improved following a two-week ceasefire agreement between the United States and Iran, which helped ease concerns over military disruptions and reopened the Strait of Hormuz. The deal also contributed to a decline in crude oil prices and supported a rebound Asian equity. Locally, the market opened after the Easter holidays with renewed focus on structural drivers such as a surge in IPO activity in Hong Kong, where more than 40 companies have completed listings this year. All sectors in Hong Kong stock market saw positive momentum, with financials, technology, and consumer stocks leading the rally. Top movers included Tencent Holdings (3.1%), Duality Biotherapeutics (0.2%), AIA Group Limited (5.0%), Xiaomi Corporation (2.1%), and Anta Sports (2.5%).