Hang Seng Climbs 0.4% at the Close
The Hang Seng rose 111 points, or 0.4%, to close at 25,802 on Monday, hitting its highest level in over one week and extending gains for a fourth straight session. The move tracked a rise in U.S. futures after a rebound in AI-related stocks fueled an upbeat session on Wall Street.
Sentiment was also supported by the PBoC’s decision to keep key lending rates at record lows for a seventh straight meeting, as the economy remains on track to meet this year’s growth target. Traders took advantage of shortened trading hours this week amid hopes of further Fed rate cuts and a lack of strong market catalysts.
Trading in Hong Kong will be shortened over the holiday period, with an early close on Christmas Eve, while markets will remain shut on December 25 and 26. Among gainers, Semiconductor Manufacturing International Corp surged 5.9%, Zijin Mining Group climbed 5.3%, Pop Mart International Group gained 4.6%, JD Health International advanced 3.3%, and Trip.com Group rose 2.7%.
Source : Tradingeconomics.com
