FX.co ★ Hong Kong Stocks Jump Even as Weekly Losses Loom

In early Friday trading, Hong Kong shares rose by 272 points, or 1.1%, reaching 25,806. This increase followed a slight dip in the previous session and was driven by gains across a broad range of sectors. Investor sentiment received a boost after President Xi Jinping described 2025 as “a truly extraordinary year” with the expectation that major goals would be achieved. During the Central Economic Work Conference, policymakers committed to implementing more proactive and well-coordinated macroeconomic policies to stimulate domestic demand, maintaining an active fiscal approach and a moderately loose monetary policy. Further bolstering the market was a record close of the S&P 500, following the Federal Reserve's third consecutive rate cut, alongside optimism that the bull market may continue into 2026. Among the significant movers were Shenzhou International, which rose by 2.4%, Sands China at 2.3%, Chow Tai Fook at 1.7%, and China Hongqiao at 1.3%. Despite this upward movement, the Hong Kong markets are projected to end the week about 1.0% lower due to concerns that the Fed might only implement one rate cut next year. Analysts also anticipate major support for China's property sector may only emerge in the second half of 2026.