Hang Seng Soars 1.9% at Finish
The Hang Seng surged 495 points or 1.9% to close at 26,322 on Monday, rebounding from two sessions of drops as all sectors contributed to the upsurge.
Optimism mounted after China’s central bank on Friday pledged stronger coordination between monetary and fiscal policies to support growth, while Goldman Sachs projected cuts to both interest rates and banks’ RRR in Q4 2025.
Sentiment was also lifted by signs that Beijing’s crackdown on price wars is working, with authorities urging Chinese firms in the U.S. to avoid aggressive discounting. On the data front, Chinese industrial profits jumped 20.4% yoy in August, the first gain since April, bringing total growth for January–August to 0.9%. However, caution lingered ahead of China’s week-long National Day and Mid-Autumn Festival holidays starting October 1 and the release of September PMI data. Among standout performers were Zhaoijin Mining Industry (6.9%), UBTech Robotics (5.9%), Alibaba Health (5.3%), SMIC (4.6%), and AIA Group (3.3%).
Source : Trading Economics
