The Hang Seng plunged 426 points, or 2.1%, to close at 19,971 on Friday after a strong session the previous day, weighed down by heavy losses across sectors.
Investors were disappointed after China's Central Economic Work Conference ended without providing specific policy details on fiscal stimulus, although top leaders pledged to spur consumption.
Traders were also cautious ahead of next week's FOMC meeting, with some experts warning that a recent pick-up in U.S. inflation could delay or alter plans for interest rate cuts next year.
In China, November activity data including industrial production and retail trade are due next week.
However, the index rose 0.5% for the week, posting its third straight gain following moves by major Chinese cities such as Shanghai and Beijing to launch new voucher schemes ahead of the holiday season. Some of the biggest losers today included Longfor Group (-7.5%), Geely Auto (-5.6%), Li Auto (-4.9%), China Hongqiao Group (-4.2%), and Trip.Com (-3.3%).
Source: Trading Economics
Hong Kong equities advanced on Friday as investors welcomed fresh policy signals from China's Central Economic Work Conference aimed at strengthening the domestic economy. The Hang Seng Index gained ...
Hong Kong stocks rose around 272 points, or 1.1%, to 25,806 at the start of trading on Friday, after a slight correction in the previous session. This increase occurred across nearly all sectors, indi...
The Hang Seng edged down to finish at 25,530 on Thursday, reversing early gains amid declines in tech and consumer stocks. Sentiment weakened as Chinese markets fell for a third consecutive session a...
Hong Kong stocks rose around 201 points (0.8%) to 25,733 in Thursday's morning session, extending their gains for a second day. This rise was driven by positive sentiment from Wall Street after the Fe...
The Hang Seng rose 106 points or 0.4% to close at 25,541 on Wednesday, rebounding from morning losses and closing in the green for the first time in three sessions as most sectors gained. Sentiment i...
The US dollar remains sluggish after experiencing intense pressure following the Fed's decision to cut interest rates by 25 bps. The US Dollar Index (DXY) remains in the lower zone and is trending lower weekly, as market participants assess the...
Gold (XAU/USD) advances modestly on Friday as traders seem to book profits ahead of the weekend, yet clings to gains of over 0.51% after reaching a seven-week high of $4,353 as traders digest comments from Federal Reserve (Fed) officials. Bullion...
US stocks closed sharply lower on Friday as a Broadcom-led rout among the largest tech weights sparked a rotation into cyclicals and defensive names. The S&P 500 fell 1% and the Dow gave back 0.4% after touching record highs, while the Nasdaq...
The Federal Reserve on Wednesday said that it would start buying short-dated government bonds to help manage market liquidity levels to ensure the...
Asia-Pacific markets opened higher on Thursday morning after the Federal Reserve delivered its third interest rate cut this year. The Fed cut the...
Employment in Australia dropped by 21,300 to 14.66 million in November 2025, swinging from a downwardly revised 41,200 gain in the previous month...
US President Donald Trump said Washington is willing to provide security assistance to Ukraine as part of a deal to end the war with Russia. He...