Today: 20 March 2026
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HKG:2359.HK 6 January 2026

Hang Seng jumps 1.4% as Hong Kong stock market tracks Wall Street rally, eyes US jobs report

Hang Seng jumps 1.4% as Hong Kong stock market tracks Wall Street rally, eyes US jobs report

The Hang Seng Index closed up 1.38% at 26,710.45 on Tuesday, led by gains in financial and property stocks. China Hongqiao rose 6.14% and Ping An climbed 5.79%. Tencent repurchased over 1 million shares for HK$635.6 million. Investors are awaiting Friday’s U.S. jobs report for signals on Federal Reserve rate policy.

Stock Market Today

  • Salesforce raises $25 billion debt for stock buyback, raising financial concerns
    March 20, 2026, 2:25 PM EDT. Salesforce Inc. has initiated a $25 billion stock buyback financed through debt, half of its $50 billion buyback authorization. CEO Marc Benioff cited confidence in the company's future and attractive stock prices after recent AI-related sell-offs. The decision to issue debt instead of using cash reflects a strategic choice between the cost of debt (interest payments) and the cost of equity (expected investor returns). While buybacks can signal strength, relying on debt increases financial risk, especially if Salesforce faces cash flow issues. Analysts warn debt-funded buybacks should be monitored as debt obligations carry legal risks absent in dividends.
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