Hang Seng Gains for 4 Days, But Market Remains Cautious
The Hang Seng Index rose 0.6%, or 151 points, to close at 26,973 on Wednesday, extending its rally to four consecutive sessions. This gain was supported by consumer and technology stocks, which helped cushion pressure from other sectors.
Sentiment was also boosted by news of China's record trade surplus for 2025, with December's figure remaining above USD 100 billion. Strong exports to non-US markets are seen as a business strategy to mitigate the impact of Trump-era tariff risks, boosting market optimism from the data.
However, the Hang Seng's rise was not entirely smooth. Mainland Chinese stocks weakened again after exchange authorities tightened margin rules to cool an overheated market. At the same time, US stock futures were also under pressure after Wall Street declined due to concerns about central bank independence, weak inflation data, and rising geopolitical risks. Notable stocks in Hong Kong included Alibaba Health, which surged 17.4%, followed by Nongfu Spring, which rose 5.7%, and Kuaishou, which gained 3.9%. (az)
Source: Newsmaker.id
