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Hong Kong Bank Stocks Surge on U.S. Rate Hike Expectations, Dah Sing Group Up Over 7%

2026-07-24 03:32:01

BANK OF CHINA-0.18%

According to HKEJ, on July 24, Hong Kong local bank stocks surged amid rising expectations for U.S. interest rate hikes. Dah Sing Group rose over 7%, while Bank of China Hong Kong climbed 4.7%. The gains reflect expectations that higher rates will expand bank net interest margins. CME FedWatch data showed the market pricing in approximately 80% probability of a Federal Reserve rate hike in September, up from 68% on Wednesday.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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