FX.co ★ Hang Seng Finishes 0.6% Higher

The Hang Seng Index climbed by 136 points, representing a 0.6% increase, to finish at 24,028 on Thursday. This partial recovery followed a significant decline the previous day, driven by robust performances in the financial and property sectors. Traders sought indications of policy support following the sharpest decline in China's producer prices in nearly two years last month. Furthermore, the minutes from the June Federal Open Market Committee meeting highlighted that "most participants" anticipated that rate cuts would be suitable later this year, with any inflation caused by tariffs considered to be "temporary or modest." While fresh tariff threats from U.S. President Trump were largely disregarded by the markets, experts observed that investors seem increasingly desensitized to the fluctuating rhetoric. Nonetheless, the gains were tempered by caution ahead of the release of China's June trade data, scheduled for the weekend. Leading the gains were companies such as KE Holdings, rising by 6.8%, Smoore International, climbing by 6.2%, China Resources Land, up by 4.5%, and China Overseas Land, increasing by 4.3%. Conversely, Hong Kong's technology stocks experienced a slight decline, despite a record close on the Nasdaq Composite, where Nvidia reached an all-time high.