Hang Seng Rises for 3 Days, But Week Ends in the Red
The Hang Seng Index rose 119 points, or 0.45%, to close at 26,749 on Friday, extending its gains to three consecutive sessions. The gains were driven by consumer and technology stocks, with sentiment improving after US futures rallied following a Wall Street rally. The market was also relieved that President Trump eased the threat of tariffs on European goods and reiterated that he would not use force regarding Greenland.
Meanwhile, Chinese stocks edged up on optimism that liquidity support remains in place, despite heightened regulatory oversight to curb speculative trading. Alibaba Hong Kong rose 2.3% to a nearly three-month high after planning to float its T-Head chip unit, while Xiaomi jumped nearly 3% after announcing a buyback program. However, the Hang Seng closed the week down 0.4% as inflation pressures rose to 1.4% in December and investors remained cautious ahead of next week's trade data release. (az)
Source: Newsmaker.id
