Hang Seng Ends at 1-Month High
The Hang Seng rose 158 points, or 0.7%, to end at a one-month high of 22,663 on Tuesday, marking its fourth straight gain amid signs of easing trade tensions.
President Trump said on Sunday that the U.S. was engaging with several countries, including China, on a trade deal. Locally, Hong Kong’s economy grew 3.1% year-on-year in Q1 2025, the strongest pace in five quarters, driven by strong tourism and robust exports ahead of a planned U.S. tariff hike.
A rally in the yuan to a 1-1/2-month high and intervention by the Hong Kong Monetary Authority to support the local dollar also lifted sentiment. However, gains were capped by data showing China’s services activity in April grew the least in seven months amid tariff risks.
Meanwhile, U.S. futures fell slightly ahead of the Fed’s policy meeting, with a rate decision expected on Wednesday. Most sectors advanced, led by financials, consumer discretionary and property. Nongfu Spring jumped 6.8%, followed by Chow Tai Fook (5.7%), Sands China (5.2%), and Meituan (4.6%).
Source: Trading Economics
