Hang Seng Rebounds, China Sends Positive Signals
Hong Kong's Hang Seng Index closed up 82 points (0.3%) to 26,232 on Friday, snapping a two-day losing streak. Gains were evenly distributed across sectors, with consumer and property stocks the main drivers of market sentiment.
From mainland China, the benchmark Shanghai Composite Index held at a decade-high after the latest data showed stronger consumer inflation. December's consumer prices rose at the fastest annual pace in nearly three years, driven by a surge in food prices, the strongest in 14 months.
Deflationary pressures in the industrial sector also showed signs of abating. Producer prices continued to fall, but the pace of decline slowed to a 16-month low, indicating that Beijing's efforts to contain price wars and stabilize corporate margins are beginning to show some impact.
Several stocks recorded significant gains, contributing to the index's rise, including Laopu Gold (+5.4%), Kuaishou Tech (+3.7%), Zhaojin Mining (+3.6%), CK Hutchison (+3.6%), and Zijin Gold Intl (+2.6%).
Despite today's gains, the Hong Kong stock market still recorded a weekly decline of around 0.4%. Sentiment was dampened by geopolitical tensions and investor caution ahead of the release of Chinese trade and credit data.
Furthermore, global attention is also turning to the United States ahead of the release of key labor market data and a potential Supreme Court ruling on tariff policies, which could trigger volatility in financial markets.
Source: Newsmaker.id
