Hong Kong's shares were almost flat in the Monday morning session, trading around 19,868 following a rally in the prior session, with investors responding to China's CPI and PPI data.
Consumer prices in the mainland rose by 0.2% yoy in November, missing consensus of 0.5% while marking the softest increase in five months. At the same time, producer prices fell by 2.5%, pointing to the 26th month of drop despite softening from October's print of a 2.9% fall.
On local data, forex reserves in the city notched a nine-month peak of USD 425 billion last month. Market participants monitored China's key policy gatherings this week, including the Central Economic Working Conference and Politburo meeting, looking for signs of fresh stimulus.
In the US, Donald Trump told NBC on Sunday that he has no plans to replace Fed Chair Powell once he returns to the White House.
Wuxi Biologics (9.0%) and BYD Electronic (8.5%) surged while Miniso Group and China Mengniu Dairy slipped by 3.6% and 2.7%, each.
HK50 increased to a 4-week high of 20518.00 Index Points. Over the past 4 weeks, Hong Kong Stock Market Index (HK50) gained 0.12%, and in the last 12 months, it increased 26.23%.
Source: Trading Economics
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