The Hang Seng rose 132 points, or 0.7%, to close at 20,198 on Monday (1/27), gaining for a second session amid broad gains. Positive sentiment was supported by news that the US and Colombia have averted trade tensions, as the White House confirmed that Bogota has agreed to all conditions set by President Trump in the migrant dispute. Adding to the upbeat mood, three Chinese insurance companies received regulatory approval to invest CNY 52 billion in stocks. Furthermore, excitement around DeepSeek, a Chinese AI with a cost-saving model, increased, sending tech stocks such as Kuaishou Tech (+3.8%) higher. The index trimmed its gains, however, amid a sharp decline in US stock futures ahead of earnings from big tech companies this week, and interest rate moves from major central banks, especially the Fed. In China, official PMI data disappointed, with factory activity falling and services growth slowing ahead of the Spring Festival. Laopu Gold jumped the most (11.2%), along with SenseTime Group (6.6%), and Kingsoft (4.2%).(AL)
Source: Trading Economics
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