The Hang Seng rose 65 points, or 0.3%, to close at 23,006 on Monday, ending two straight days of declines as traders eagerly awaited the start of China's National People's Congress on Tuesday. Analysts expect officials to set a growth target of around 5% and a budget deficit of 4% of GDP for this year during the crucial annual meeting. Investors are also hoping that U.S. tariffs on China could be delayed or reduced after President Trump announced plans to impose an additional 10% tariff on all Chinese imports starting March 4, after the 10% levy was imposed on Feb. 4. Meanwhile, China's state-backed Global Times said Beijing was preparing retaliatory measures, potentially targeting U.S. agricultural exports. Property and financials led gains. However, the benchmark index pared early gains as technology and consumer staples stocks turned lower. Among the top movers, Pop Mart Intl. jumped 5.3%, along with Horizon Robotics. (5.1%), JD Health Intl. (4.4%), and Prada Spa (3.0%).(Newsmaker23)
Source: Trading Economics
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