The Hang Seng rose 58 points or 0.2% to close at 26,447 on Monday, marking its second straight gain and tracking an uptick in U.S. futures ahead of an expected Fed rate cut this week. While markets expect a 25bps reduction, President Trump has pushed for a larger move, calling the timing "ideal."
Hong Kong shares hovered near a four-year high, supported by ongoing U.S.-China trade talks in Madrid that enter day two today. However, gains were capped by weak August data from China, with factory output, retail sales, credit, exports, and fixed asset investment all underperforming.
Tech led the advance, up almost 1%, after Beijing launched anti-discrimination and anti-dumping probes into U.S. chips. Alibaba jumped 2.6% on sector optimism, while Meituan gained 1% after scaling back its community group-buying unit. Other notable gainers included Wuxi Biologics (6.4%), Li Auto (4.5%), Nongfu Spring (4.1%), CK Infrastructure (2.4%), and Xiaomi (2.0%).
Source: Trading Economi
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