Hang Seng Rallies Despite Weekly Decline
The Hang Seng soared 446 points, or 1.8%, to close at 25,977 on Friday, picking up from a subdued session the day before amid solid gains across sectors after two key benchmarks on Wall Street hit new records Thursday following the third rate cut this year from the Fed.
Sentiment was further boosted by a rise in mainland stocks after China's leaders pledged in the Central Economic Work Conference to maintain a “proactive” fiscal stance in 2026 aimed at supporting consumption, investment, and overall expansion. Policymakers also viewed that China’s underlying conditions and fundamental trends for long-term growth remain sound.
Among notable movers were China Hongqiao (-4.0%), Kuaishou Tech. (-2.5%), Xiaomi Corp. (-2.4%), and AIA Group (-2.3%). For the week, however, Hong Kong shares fell by 0.4%, the first drop in three weeks, weighed down by caution ahead of China’s November activity data due next week, alongside concerns about fewer rate cuts in the U.S. next year.
Source: Tradingeconomics.com
