Hong Kong Equities Muted ahead of Holidays
Shares in Hong Kong were little changed on Tuesday morning, hovering around 20,210 after gaining in the prior two sessions. Trading was notably sluggish, with markets set to close early as the Lunar New Year looms large.
Meanwhile, US futures pulled back after a Monday sell-off on Wall Street fueled by mounting concerns over investment in the AI sector, following the emergence of Chinese startup DeepSeek. On the trade front, Hong Kong's export growth notched a 4-month high in December while imports fell for the first time in 10 months.
For the week, the Hang Seng is on track to gain for the third session, up around 0.7% so far, supported by signs of institutional investors starting to flow into mainland stock markets as a result of Beijing's move last week to attract long-term capital from insurers and mutual funds. Xiaomi Corp. hit a record high, jumping over 2%. Meanwhile, China Cinda Asset Management slipped 3.4%, due to a weak earnings outlook.
Source : Trading Economics
