The Hang Seng edged up 62 points, or 0.2%, to close at 26,095 on Tuesday, reversing prior-session losses amid gains in consumer stocks. Traders awaited insights from China's annual Central Economic Work Conference and the December Politburo meeting, while seeking opportunities in undervalued sectors.
Locally, Hong Kong retail sales rose the most since late 2023 in October, marking a fourth straight monthly gain on the back of steady visitor arrivals.
Early gains were trimmed as mainland markets fell, amid caution ahead of Wednesday's private Composite and Services PMIs. On the corporate front, distressed developer China Vanke requested a one-year extension from bondholders amid liquidity pressures and waning state support.
Giant Biogene surged 8.2% on a share buyback plan, while BYD Co. climbed over 2% after new energy vehicle sales rose 8.7% in October. Other movers included J&T Global Express (6.6%) and Swire Properties (3.2%), though Xpeng fell 5.9% as November deliveries dropped.
Source: Trading Economi
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