Hang Seng Rallies at Finish
The Hang Seng jumped 496 points, or almost 2%, to end at 25,716 on Monday, halting a six-session slide as U.S. futures rose on growing expectations of a December Fed rate cut after dovish remarks from a senior Fed official.
Markets rebounded from a five-week low, boosted by solid gains across sectors. The tech index rose 2.7%, despite news that the Trump administration may allow Nvidia to sell H200 chips to China. Sentiment was increasingly upbeat as investors looked ahead to potential policy signals from Beijing during next month’s Central Economic Work Conference.
Still, caution before China’s industrial profits data and Hong Kong’s October trade figures capped the upside. Alibaba surged 5.3% after downloads of its Qwen chatbot surpassed 10 million. Leapmotor climbed 6.0% and Innovent Biologics 5.0% on their upcoming inclusion in the Hang Seng indexes effective Dec. 8. JD.com added nearly 2% as its supply-chain technology unit gauged investor interest for its planned Hong Kong IPO.
Source: Tradingeconomics.com