The Hang Seng Index rose 139 points, or 0.5%, to close at 26,706 on Monday, rebounding after two consecutive sessions of losses as gains were recorded across all sectors. Trading volumes were subdued ahead of the Spring Festival break, but investors opened new positions amid signs of easing Sino-U.S. tensions, following Washington’s decision to delay key technology-related security measures ahead of an April meeting between President Trump and President Xi.
Sentiment was further supported by expectations that weak January CPI data and persistent producer-price deflation in China will prompt Beijing to roll out additional post-holiday stimulus measures. Hong Kong markets will be closed from Tuesday and reopen on Friday, while mainland Chinese exchanges have already begun a week-long holiday shutdown. U.S. markets are also closed today for a public holiday.
Among the leading gainers were China Hongqiao Group (+3.9%), Techtronic Industries (+3.5%), AIA Group (+2.6%), Nongfu Spring (+1.9%), and Pop Mart International (+1.5%).
