HK stocks end up for sixth straight week of gains
HK stocks end up for sixth straight week of gains
The Hang Seng Index ended trading for the day up 56.95 points, or 0.24 percent, at 23,601.26. File photo: RTHK
Hong Kong stocks closed roughly flat on Friday, logging a sixth straight weekly gain, underpinned by renewed listing momentum and signs of easing Sino-US trade tensions.
The benchmark Hang Seng Index edged up by 56.95 points, or 0.24 percent, to end the day and trading week at 23,601.26.
The Hang Seng China Enterprises Index rose 0.31 percent to end at 8,583.86 while the Hang Seng Tech Index fell 0.09 percent to end at 5,246.87.
China's blue-chip CSI300 Index ended 0.8 per cent lower, while the Shanghai Composite Index lost 0.9 per cent.
For the week, the Hang Seng Index was up 1.1 per cent, while the CSI300 index lost 0.2 per cent.
Hong Kong's listing market showed signs of revival in 2025, buoyed by the strong debut of battery giant CATL , which raised US$4.6 billion in the world's largest listing so far this year.
Shares of pharma giant Jiangsu Hengrui soared 25 per cent in their Hong Kong debut.
The CSI Healthcare Index edged up 0.3 per cent, bucking a broader market decline as most other sectors ended in losses.
BYD shares jumped as much as 4.6 per cent after reports showed the Chinese automaker sold more electric vehicles in Europe than Tesla.
Auto shares tracked gains and were up 1.7 per cent. Li Auto's shares rose 1.1 per cent.
Weakness in China's property sector is expected to persist this year with home prices falling nearly 5 per cent and set to remain stagnant in 2026, a poll showed.
China has lowered the ceiling of deposit rates, as authorities seek to protect banks' profit margins and discourage savings. The CSI Bank Index finished 1 per cent lower.
Xiaomi said it will start selling its YU7 electric vehicle in July. Its shares were roughly flat after the news. (Reuters/Xinhua)
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