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Hang Seng Finishes at 1-Month High
Tuesday, 6 May 2025 15:28 WIB | HANGSENG |HANG SENG

The Hang Seng advanced 158 points or 0.7% to end at a one-month peak of 22,663 on Tuesday, marking its fourth straight gain amid signs of easing trade tensions.

President Trump said Sunday that the U.S. was engaging with several countries, including China, on trade deals. Locally, Hong Kong's economy grew 3.1% yoy in Q1 2025—the strongest pace in five quarters—driven by strong tourism and robust exports ahead of planned U.S. tariff hikes.

A rally in the yuan to a 1-1/2-month high and intervention by the Hong Kong Monetary Authority to support the local dollar also lifted sentiment.

However, gains were capped by data showing China's services activity in April grew the least in seven months amid tariff risks.

Meanwhile, U.S. futures dipped slightly ahead of the Fed's policy meeting, with a rate decision expected Wednesday. Most sectors advanced, led by financials, consumers, and property. Nongfu Spring jumped 6.8%, followed by Chow Tai Fook (5.7%), Sands China (5.2%), and Meituan (4.6%).

Source: Trading Economics

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