Hong Kong Stocks Extend Rally to Begin the Week
Hong Kong equities surged 375 points, or 1.6%, to 24,338 in Monday morning trading, jumping for the second session. The rally was fueled by optimism over China’s newly announced “Special Action Plan to Boost Consumption,” aimed at spur domestic demand.
Additionally, state media Xinhua said that Beijing plans to stabilize the stock and real estate markets, boost the birth rate, and support inbound and domestic tourism, unveiling these measures on Sunday. On the economic front, China’s industrial output grew 5.9% yoy in the first two months of 2025, exceeding the 5.3% forecast, while retail sales rose 4.0%, in line with consensus. Most sectors advanced, led by financials, property, and consumers. However, further gains were capped by a sharp drop in U.S. futures following Wall Street’s strong Friday upturn, which was driven by soft inflation data that eased economic concerns. Among early top performers were ENN Energy Holdings (7.6%), KE Holdings (6.2%), and AIA Group (4.2%).
Source : Trading Economics