Hang Seng gains 0.2 percent as Lenovo leads AI rebound

Published on 10/28/2026 at 13:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hang Seng closed at 23,095 points after AI hardware shares rallied. The Federal Reserve decision is due at 2:00 a.m. HKT on October 29.

AI hardware and key dates

Hang Seng closed at 23,095 points on October 28, up 54 points or 0.2 percent.
AI hardware shares rebounded as the Hang Seng Tech Index rose 1.4 percent.
Lenovo led major blue chips with a 6.3 percent gain, while New Oriental fell 7.3 percent.
The Federal Reserve decision is due October 29 at 2:00 a.m. HKT.

Hang Seng, HK0000004322, Illustration mit AI erstellt.

The Hang Seng gained 54 points, or 0.2 percent, to 23,095 points at the close on October 28. AI hardware shares led a rebound, while the market awaited the Federal Reserve's rate decision.

Lenovo Group rose 6.3 percent, making it the strongest major blue-chip gainer. New Oriental fell 7.3 percent before its earnings release, while the Hang Seng ended near the middle of its 23,023-point to 23,157-point range.

Why did the Hang Seng rise on October 28?

AI hardware, semiconductor and optical communications shares advanced across Hong Kong. The Hang Seng Tech Index rose 1.4 percent, according to Futunn.

Strong quarterly results from SK Hynix supported the regional semiconductor trade. Reuters also reported that Suzhou Dongshan Precision Manufacturing fell 2.1 percent in its Hong Kong debut, showing that enthusiasm remained selective, Reuters reported.

Hang Seng winners and losers

Winners and losers at the October 28 close are based on the constituent list published by Futunn:

HuaHong Hongli up 8.4 percent: semiconductor shares rallied.
Lenovo Group up 6.3 percent: AI server demand supported the stock.
Semiconductor Manufacturing International up 5.4 percent: chip shares strengthened.
New Oriental down 7.3 percent: the stock fell ahead of earnings.
AIA down 2.2 percent: the insurer lagged the broader market.
Sands China down 2.1 percent: gaming shares weakened.

AI hardware, pharmaceuticals and physical artificial intelligence stocks advanced. Gaming, education and utility shares declined, while 37 Hang Seng constituents rose and 56 fell, according to Yahoo Finance.

What comes next for the Hang Seng

October 29, 2026, 2:00 a.m. HKT: Federal Reserve rate decision, with markets focused on the policy signal, EconoTimes reports.
October 29, 2026, 2:30 a.m. HKT: Federal Reserve Chair Kevin Warsh's press conference follows the decision, PIP Theory reports.

Hang Seng price data for October 28, 2026

The Hang Seng closed at 23,095 points on October 28, up 54 points or 0.2 percent from the previous close of 23,041 points, according to HKCNA. The index opened higher, reached a high of 23,157 points and touched a low of 23,023 points, according to Yahoo Finance.

Hang Seng by the numbers on October 28, 2026

Index: Hang Seng
Home exchange: Hong Kong Stock Exchange, Hong Kong
Close on October 28, 2026: 23,095 points
Change versus previous close of October 27, 2026: up 54 points (up 0.2 percent)
Previous close: 23,041 points
Day high / day low: 23,157 points / 23,023 points
Top gainer: HuaHong Hongli up 8.4 percent
Top loser: New Oriental down 7.3 percent
Next scheduled event: October 29, 2026, 2:00 a.m. HKT: Federal Reserve rate decision