Hong Kong Stocks Muted, Poised for Weekly Decline
Hong Kong shares were little changed in Friday morning deals, hovering around 26,165 after two sessions of declines, as weakness in property and financials was offset by gains in tech and consumer stocks. Traders assessed China's CPI data showing consumer prices flat in 2025, below the official target of around 2%, even as December inflation hit a near 3-year high of 0.8%. Meanwhile, producer prices in the country fell for the 39th straight month, although the pace of decline eased slightly. In the U.S., stock futures were steady ahead of key jobs data, while the Supreme Court prepared to rule on Trump-era tariffs. Notable gainers included Kuaishou (3.6%), Zijin Mining (2.6%), and Techtronic Industries (2.0%). On the downside, WH Group slipped 2.8%, Mixue Group fell 2.5%, and Meituan lost 2.3%. For the week, markets are set for their first drop in three, down about 0.7% so far, weighed by geopolitical tensions in the region, and caution ahead of China's trade data due next week.(asd)
Source: Trading Economics
