Hang Seng Rebounds, Market Welcomes Signs of US-China Dialogue
Hong Kong stocks started the week in the green, with the Hang Seng Index rising 62 points, or 0.3%, to 25,529 in early trading on Monday. This gain snapped a three-session losing streak, with gains spread across most sectors.
Sentiment improved as Wall Street futures rallied, coupled with reports that senior US and Chinese officials met in Paris to discuss a potential deal on agriculture, critical minerals, and broader trade issues. Market optimism was also boosted by expectations of US President Donald Trump's visit to Beijing later this month, which is seen as opening up space for easing trade tensions.
Data-wise, investors responded positively to China's economic activity release, which showed industrial output and retail sales in the first two months of 2026 exceeded expectations. However, signs of recovery were patchy, with the February unemployment rate rising to a six-month high of 5.3%, indicating a still fragile labor market.
The index's gains were also restrained by ongoing geopolitical risks in the Middle East, which have kept oil prices high and added to uncertainty about the direction of global inflation.
Several stocks with notable movements included Knowledge Atlas, which surged 9.8%, Pop Mart International, which rose 4.6%, Meituan, which rose 3.5%, Xiaomi, which rose 2.3%, and China Resources Land, which rose 2.0%. (asd)
Source: Newsmaker.id
