The Hang Seng jumped 497 points, or 2.1%, to close at 23,960 on Friday, ending a five-session losing streak as U.S. index futures rose on signs of potential U.S. government shutdown resistance. Hopes for fresh stimulus to boost China's domestic consumption also supported sentiment, with investors eyeing a key briefing next week by Beijing's top planning agency. Adding to optimism, the northern Chinese city of Hohhot announced large cash incentives to boost births. However, the index fell 1.1% for the week, reversing earlier gains as caution prevailed ahead of key Chinese economic data due later this week, including industrial output, retail sales and the unemployment rate. Investors are also bracing for a slew of central bank meetings next week, particularly the U.S. Fed, amid uncertainty over the direction of interest rates and the impact of Trump's trade policies. All sectors rose, with consumer staples, technology and financials leading the gains. Notable performers included KE Hlds. (9.9%), Meituan (5.8%), and Tencent Holdings. (3.7%).(Newsmaker23)
Source: Trading Economics
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