Hang Seng Under Pressure at Close
The Hang Seng tumbled 331 points, or 1.3%, to finish at a two-week low of 25,434 on Tuesday, extending losses for a second session amid broad sector falls.
Investors were nervous ahead of the U.S. Fed’s decision on Wednesday, with speculation mounting that the central bank may deliver a “hawkish cut” amid divided committee views and uncertainty over Powell’s successor when his term ends in May 2026. Mainland shares also retreated after recent gains as caution intensified ahead of China’s November CPI and PPI data due Wednesday, with deflation risks still in focus.
Separately, U.S. President Trump said Nvidia would be allowed to ship its H200 chips to approved buyers in China. Downside pressure eased slightly after the Politburo pledged stronger support in 2026, signaling more proactive fiscal policy and appropriately loose monetary settings. Top laggards included Pop Mart Intl. (-5.4%), SMIC (-4.2%), Xiaomi Corp. (-3.0%), Meituan (-2.0%), and China Resources Land (-3.9%).
Source: Tradingeconomics.com