The Hang Seng jumped 274 points, or 1%, to end at 26,434 on Monday, rising for the third session. A surge in U.S. futures boosted sentiment, amid renewed optimism over a potential U.S.-China trade deal after top officials outlined a framework to ease tensions ahead of a meeting between President Trump and Xi Jinping later this week.
Meantime, the U.S. Fed is widely expected to cut interest rates by 25bps after consumer prices rose slightly less than expected in September. In fresh data, China's industrial profits grew 3.2% yoy in the first nine months of 2025, much faster than 0.9%, with September figures surging 21.6%, the steepest pace since November 2023, amid efforts to curb overcapacity. In China, the Shanghai Composite extended its record run for a third session.
Still, gains in Hong Kong were capped by caution ahead of China's official October PMI. Tech led the advance, up near 2%. SMIC soared 4.4%, followed by China Hongqiao (3.6%), Citic (3.4%), and Wuxi Biologics (3.2%).
Source: Tradingeconomics.com
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