Hang Seng Erases Early Losses, Ends Slightly Higher
The Hang Seng rose 29 points, or 0.1%, to close at 25,498 on Thursday, reversing early weakness on gains mainly from financials. Sentiment improved as mainland stocks extended strength, with traders rotating into defensive sectors amid concerns over global AI spending and regional tensions. Investors welcomed data showing China’s youth jobless rate eased to a five-month low of 16.9% in November, signaling tentative labor market stabilization.
Meanwhile, fiscal revenue in China grew 0.8% yoy in the first 11 months, matching the prior pace, while spending growth slowed to 1.4% from 2%. In the U.S., futures traded mixed ahead of key inflation data later today, and following President Trump's year-end address to the nation. On the monetary front, several central banks in Europe and Asia are set to meet today and Friday, fueling caution over policy divergence. Notable gainers included ZTO Express (2.5%), Prada Spa (2.3%), Techtronic Industries (1.5%), and Henderson Land Development (1.3%).
Source : Tradingeconomics.com
