The Hang Seng Index rose 45 points, or 0.2%, to close at 25,819 on Wednesday, rebounding from a slight decline in the prior session as most sectors posted modest gains in thin holiday trading, led by financials. Sentiment was further lifted by a sixth straight advance in the Shanghai benchmark.
Meanwhile, the Trump administration announced Tuesday plans to impose tariffs on Chinese semiconductor imports over Beijing's "unreasonable" push for chip industry dominance, though implementation will be delayed until June 2027, limiting near-term impact.
Investors also looked ahead to November trade data in Hong Kong due next week, after October exports surged 17.5% year-on-year and imports climbed 18.3%, widening the trade gap. Notable movers included SMIC (3.1%), China Hongqiao Group (2.3%), China Merchants Port Holdings (1.9%), and CK Infrastructure Holdings (1.8%). Markets closed early for the Christmas Eve holiday and will reopen Monday, December 29.
Source: Trading EConomi
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