FX.co ★ Hang Seng Down 0.4% This Week

The Hang Seng Index experienced an uptick of 119 points, or 0.45%, closing at 26,749 on Friday. This marked the third consecutive session of gains, boosted by advances in consumer and technology sectors. Investor sentiment was buoyed by rising U.S. futures, a response to a robust rally on Wall Street Thursday. The rally was influenced by President Trump's decision to reduce tariff threats on European imports and his stance against using force in Greenland. In China, the equity markets edged up slightly as the prospect of ongoing liquidity support countered the impact of stricter regulatory measures aimed at limiting speculative trading activities. Notably, Alibaba's shares in Hong Kong increased by 2.3% to reach a near three-month peak, amid plans for its chip unit T-Head to go public. Xiaomi also saw a significant rise of nearly 3% following the announcement of a stock buyback program. Other significant stock movements included Zijin Gold International, which climbed 8.2%, Pop Mart International, up by 6.5%, MTR Corporation, which grew by 2.9%, and Kuaishou Technology, rising 2.8%. Despite the positive trends, the markets concluded the week with a 0.4% decline. This downturn followed a previous rally and was influenced by December's inflation rate reaching a six-month peak of 1.4%, along with market caution in anticipation of upcoming trade data.