The Hang Seng ended flat at 26,545 on Friday, as gains in tech and consumer stocks offset losses in financials and property. The index reversed early gains ahead of talks between China's leader Xi Jinping and U.S. President Trump today.
Meanwhile, traders digested news that developer DeepSeek trained its new model with costs well below those reported by U.S. rivals. On the mainland, stocks dropped further after the PBoC signaled no urgency to ease policy despite weak August output. Meantime, U.S. futures were subdued after Thursday's Fed-driven rally amid a shift toward an easing cycle.
Weekly, the Hang Seng booked a third straight gain, up 0.6%, lifted by China's progress in tech sector, notably AI and semiconductors. On the business front, Zijin Gold is set to raise over USD 3.2 billion in Hong Kong's largest IPO since May. Top movers included Sands China (5.2%), China Hongqiao (5.1%), and Techtronic (2.9%), while Innovent Biologics (-5.8%) and Horizon Robotics (-4.3%) led falls.
Source : Trading Economics
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