Hang Seng Regains Gains at the End of the Session, Property Leads
The Hang Seng Index closed slightly higher on Thursday after weakening earlier in the day. The index gained 45 points (+0.2%) to 26,630, marking its second consecutive day in the green.
The gains occurred as most sectors rallied in line with the mainland Chinese market. Sentiment improved ahead of the release of key Hong Kong data, as investors began to take positions after market pressure eased compared to earlier in the session.
The property sector was in the spotlight. Property stocks jumped around 1.6% after troubled developer China Vanke received bondholder approval to defer payments on a large domestic bond—a move seen as helping ease liquidity pressures and reduce the risk of default.
Globally, Asian markets were also helped by the direction of the US market. US stock futures edged higher after Wall Street rallied on Wednesday, following Trump's backtracking on tariff threats related to his ambitions in Greenland, alleviating fears of a trade war with some European countries.
Among the top stocks in Hong Kong, Pop Mart surged 6.1%, Li Auto rose 3.6%, Laopu Gold strengthened 3.0%, and Chow Tai Fook added 2.6%. The market is now awaiting Hong Kong's December inflation data due today and the release of first-quarter business sentiment on Friday, after previously hitting a multi-quarter high.
Source: Newsmaker.id
