Hang Seng Jumps Almost 2% at Finish, Hits Near 4-Year High
The Hang Seng surged 491 points or 1.9% to close at 25,830 on Monday, extending gains for the second session and reaching its highest since October 2021. The rally was broad-based, boosted by the prospects of U.S. rate cuts amid weakening labor demand.
In China, stock markets climbed nearly 10% so far this month on a liquidity-driven surge. Meanwhile, the PBoC today injects a net CNY 465.7 billion into the financial system, its largest daily addition since late July, to keep funding conditions ample. The Tech Index jumped over 3% ahead of Nvidia’s earnings and after DeepSeek launched its upgraded model, backed by Chinese chips.
Consumer, property, and financial shares also gained as Shanghai scrapped property taxes for eligible first-home buyers and eased purchase limits in suburban areas. However, caution before China’s January–July industrial profit data capped further gains. Top movers included KE Hlds. (5.6%), Galaxy Ent. (5.3%), Lenovo (3.9%), Meituan (3.0%), and Tencent (2.4%).
Source : Trading Economics