World Markets Watchlist: September 15, 2025 - Global Indexes Post Gains

All nine indexes on the world markets watchlist have posted gains through September 15, 2025. Hong Kong's Hang Seng leads with a year-to-date gain of 34.8%, while Canada's TSX is in third with an 18.2% gain. India's BSE SENSEX has the smallest gain at 2.3%. The Shanghai Composite from China ranks second with an 18.3% gain.

All nine indexes on the world markets watchlist have posted gains through September 15, 2025. Hong Kong's Hang Seng leads with a year-to-date gain of 34.8%, while Canada's TSX is in third with an 18.2% gain. India's BSE SENSEX has the smallest gain at 2.3%. The Shanghai Composite from China ranks second with an 18.3% gain Further upside expected for Hang Seng Tech Index^[2].

The Hang Seng Tech Index, which tracks Hong Kong’s 30 largest listed technology companies, has continued its bullish momentum since a significant breakout above the 5,500 level in mid-July this year due to several factors Further upside expected for Hang Seng Tech Index^[2]. Firstly, technology heavyweights Alibaba and Baidu have spearheaded a rally in the index, reigniting investor optimism over artificial intelligence (AI). Baidu released an upgraded version of its AI reasoning model X1.1, claiming significant enhancements in capabilities with performance surpassing that of DeepSeek-R1, as well as matching those of OpenAI’s GPT-5 and Google’s Gemini 2.5 Pro. Meanwhile, Alibaba introduced its Qwen3-Max-Preview model, featuring more than one trillion parameters. The company claimed that the model was its largest and most advanced model to date, outperforming its previous flagship model, Qwen3-235B. In addition, following Alibaba’s recent earnings release, reports suggested that the company is developing an in-house AI processor to reduce reliance on US-made chips from Nvidia. Secondly, Hong Kong equities also rose amid hopes that China will cut interest rates after consumer prices fell further, alongside expectations of a US Federal Reserve rate cut. Statistics showed that consumer prices in China dropped 0.4 per cent year on year in August, registering the first decline in three months, based on data from the country’s National Bureau of Statistics on Sep 10. This was steeper than the consensus estimate of a 0.2 per cent decrease. The weak inflation data underscores sluggish domestic demand, bolstering the case for the People’s Bank of China to lower borrowing costs Further upside expected for Hang Seng Tech Index^[2].

From a technical perspective, the Hang Seng Tech index appears poised for further gains in the current rally. Since June, the index has been trading in an uptrend channel, with pullbacks finding support at the 50-day simple moving average, which is indicative of a medium-term uptrend. The price has held the previous horizontal resistance at the 5,500 level as support since the breakout in mid-July. With a breakout above the 5,800 resistance level, which has held since the end of July, the index is on track to retest the 6,195 level formed at the beginning of March this year. Moreover, the Moving Average Convergence Divergence technical indicator has held above the zero line consistently since June, which suggests upward momentum for the tech index Further upside expected for Hang Seng Tech Index^[2].

In contrast, the Shanghai Composite from China ranks second with an 18.3% gain. The market has benefited from a resurgence in demand for Chinese technology stocks, driven by the sector's strong performance and positive macroeconomic indicators Further upside expected for Hang Seng Tech Index^[2].

The global market surge is also supported by the Hong Kong Monetary Authority's (HKMA) support for tokenized deposits and regular issuance of digital bonds. The HKMA is drafting licensing frameworks for trading, custody, and stablecoin issuers, aiming to embed tokenized deposits into mainstream financial operations. This initiative is expected to facilitate the settlement of money-market funds and other financial instruments more quickly and efficiently Hong Kong to Support Commercial Bank Tokenization Initiatives in 2025 Policy Address^[3].

The rise in global indices and the support for digital finance initiatives by regulatory authorities indicate a robust market environment. Investors and financial professionals should continue to monitor these trends and consider the implications for their investment strategies.