FX.co ★ Hang Seng Jumps 1.6% at Finish

On Monday, the Hang Seng Index experienced a notable increase, climbing 407 points or 1.6%, to settle at 26,649. This rise marks a recovery from the losses seen in the previous session as global stock markets strengthened following reports that the U.S. Senate had made progress toward passing a resolution to end the 40-day government shutdown. The market saw gains across all sectors, with consumer and technology stocks leading the rally, especially as mainland markets reached a ten-year high. This positive shift was supported by signs of easing producer price deflation in October, alongside a return to positive consumer price growth for the first time since February. Investor sentiment was further boosted by indications from Beijing of a potential easing of restrictions on the global automotive industry, which followed export limitations enforced after the Dutch takeover of Nexperia. However, the upward movement was tempered by caution ahead of the release of key Chinese economic data regarding credit growth, industrial production, and retail sales. Additionally, analysts have cautioned that deflationary concerns in China are still a significant issue. Among the top performers of the day were Mixue Group (up 9.1%), H World Group (up 5.5%), Laopu Gold (up 5.4%), China Resources Beer (up 4.7%), and ENN Energy Holdings (up 3.0%).