Hang Seng Surges 1.96% While Dow Jones Plunges 2.19% in Global Markets

Asian equities rallied with Hang Seng up 1.96%, contrasting sharply with Western declines as the Dow Jones fell 2.19% and Germany's DAX dipped 0.14% on July 29.

Woofun AI data shows that Asian stock markets recorded broad gains on July 29, led by the Hong Kong Hang Seng Index which climbed 497.07 points or 1.96% to close at 25,807.92. China's Shanghai Composite Index advanced 0.4% to 3,828.47 points, while the Shenzhen Component Index rose 1.1% to 13,658.44 points.

In contrast, major European and American indices declined. Germany's DAX30 index dropped 0.14% to 25,457.88 points, and the Dow Jones Industrial Average fell sharply by 1,152.18 points, a decrease of 2.19%, settling at 51,594.14 points.