Hang Seng Finishes August Higher After Snapping 3-Day Slide
The Hang Seng rose 79 points or 0.3% to end at 25,078 on Friday, halting a three-day decline due to strength in consumer and tech shares.
The index added 1.2% in August, its fourth straight monthly gain, lifted by momentum in China's stocks that hovered near decade highs on robust institutional inflows, attractive valuation, and pro-growth policies, particularly around AI innovation and tech self-sufficiency. Markets trimmed earlier gains as U.S. futures fell sharply ahead of PCE inflation data, the Fed’s preferred gauge, with traders looking for clues on the rate path.
Investors also awaited China’s official PMI due this weekend, with worries persisting over weak demand, trade frictions, and deflation risks.
EV makers led rises after Beijing vowed to curb “disorderly competition,” with Li Auto up 4.5%, alongside Geely Auto (1.7%), Great Wall Motor (1.3%), and BYD (2.5%). Battery stocks also rallied, including Tianqi Lithium (2.7%), Ganfeng Lithium (4.0%), and Tianneng Power (10.7%).
Source : Trading Economics
