Weekly Recap: Hong Kong Stocks Rally On Trade, Stimulus Hopes
The rally was driven by gains in property, technology and electric vehicle (EV) sectors, as traders bet on additional measures by Chinese authorities to support growth amid ongoing structural economic challenges.
Property stocks led the charge, with the Hang Seng Mainland Properties Index climbing 3.7% during the week. Notable performers included Longfor Group and Shimao Group, each advancing over 4.5%, buoyed by speculation that Beijing may roll out targeted support to stabilise the real estate sector.
Technology and EV shares also saw renewed investor interest. Market heavyweight Tencent jumped 6.1%, while Baidu gained 3%. Among EV makers, BYD and Geely Auto posted weekly gains of between 2% and 2.8%, as growth-focused investors returned to risk assets.
Traders were encouraged by signs of upcoming US-China trade engagement and Beijing's willingness to deploy further stimulus to safeguard its GDP targets. Recent resilience in China's trade and economic data further supported the bullish tone.
However, analysts cautioned that policy momentum will be key to sustaining the rally. Despite lingering macro uncertainties, sentiment has clearly turned more constructive, as institutional and retail investors position ahead of policy moves and upcoming earnings from major Chinese firms. Related
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