Hong Kong stocks ended the week in positive territory after three straight sessions of losses, as investors welcomed policy stability after both the People's Bank of China and the city's de facto central bank held key interest rates steady.
The Hang Seng Index climbed 292.74 points, or 1.3%, to close Friday's session at 23,530.48, while the Hang Seng China Enterprises Index rose 116.13 points, or 1.4%, to 8,527.07.
The Hong Kong Monetary Authority kept the base rate unchanged at 4.75%, mirroring the US Federal Reserve's decision to maintain its rate target at between 4.25% to 4.5%.
As Hong Kong's currency is pegged to a narrow trading band between HK$7.75 and HK$7.85 per US dollar, the linked exchange system means the city raises or cuts borrowing costs in lockstep with rate changes by the Fed.
China left the one-year loan prime rate unchanged at 3% this month, and the five-year rate at 3.5%, according to the central bank.
On the geopolitical front, US President Donald Trump will decide within two weeks whether to strike Iran, his spokeswoman said, and there was a "substantial chance" of a negotiated settlement as Israel carried out strikes on dozens of military targets in Iran overnight.
In corporate news, Pop Mart International, the maker of toys and figures including the wildly popular Labubu, tumbled about 4% after a Chinese state media commentary urged tighter oversight of blind-box toys and trading cards.
Bloks Group, which sells similar products such as assembly character toys, fell as much as 10%.
Source : MT Newswires
The Hong Kong stock exchange opened in the green. The Hang Seng Index rose early in the session, followed by gains in the technology index and mainland Chinese stocks. The market mood this morning was...
The Hang Seng rose 186 points, or 0.7%, to close at 25,968 on Thursday, reversing early declines as sentiment improved following reports that the U.S. and China will hold another round of high-level t...
The Hang Seng Index opened lower by 63 points, or 0.24%, to 25,718, followed by the H-Share Index, which fell 0.34%, and the Technology Index, which fell 0.67%. This decline was driven by the decline ...
The Hang Seng Index fell 0.7% to 25,842.83 as of 10:00 a.m. local time, following a pause in Wall Street's rally as the S&P 500 stalled and the Nasdaq slipped 0.2%. Pressure came from tech stocks:...
The Hong Kong stock market opened brightly on Monday, driven by gains in major technology stocks like Tencent, Alibaba, and Xiaomi. The positive performance of these tech companies led to a significan...
The US dollar is moving steadily upward, still on track for a slight increase for the week. The market is awaiting the release of the delayed US inflation figures, and most market participants believe this data is unlikely to derail the Fed's plan...
Silver fell on Friday, October 24, 2025. Spot prices moved in the range of $48-49 per troy ounce, slightly weakening from the previous day after significant volatility earlier this week—even falling sharply after hitting a new record above...
The Hong Kong stock exchange opened in the green. The Hang Seng Index rose early in the session, followed by gains in the technology index and mainland Chinese stocks. The market mood this morning was clearly positive. The main drivers were the...
According to a poll by Reuters, 115 of 117 economists have predicted that the Federal Reserve (Fed) will reduce interest rates by 25 basis points...
The Fed will meet on October 28-29, 2025. This meeting is crucial because the market still considers the possibility of an interest rate cut, but...
The U.S. government shut down much of its operations on October 1 after Republicans and Democrats failed to reach an agreement to extend funding...
U.S. Trade Representative Jamieson Greer said he and Treasury Secretary Scott Bessent will head to Malaysia on Wednesday to meet with Chinese...