Hang Seng Ends Muted After China Pledges Support Without New Stimulus
The Hang Seng finished flat at around 21,981 on Monday, as traders digested a key press briefing in China following Friday's Politburo meeting. Officials promised to support exporters and workers affected by U.S. tariffs while preparing contingency plans for the broader Chinese economy.
The muted session followed modest losses in early trade, with strength in financials and tech offsetting weakness in property and consumers, after Beijing refrained from rolling out fresh stimulus, indicating that further actions would be launched as the situation evolves. Meanwhile, U.S. futures fell modestly after Treasury Secretary Bessent Sunday failed to back President Trump's claim that tariff talks with China were underway.
Meantime, Beijing has granted some exclusions on U.S. imports previously hit by 125% counter-tariffs. Notable laggards included Akeso Inc. (-11.8%), and BYD Electronic (-8.6%), while Pop Mart Intl. (12.1%), China State Construction (6.0%), and SITC Intl. (4.0%) jumped.
Source : Trading Economics
