FX.co ★ Hang Seng Rises 0.9% for the Week on China Policy Hopes

The Hang Seng Index increased by 111 points, or 0.5%, closing at 24,140 on Friday, marking its second consecutive rise. This upward trend was spurred by positive movements in mainland stocks as optimism grew regarding a potential policy intervention from Beijing, aimed at countering deflationary concerns. Over the week, the index showed a 0.9% improvement, rebounding from previous declines. Contributing to this recovery were China's newly introduced employment measures, which include enhanced unemployment insurance refunds and support for companies burdened by labor costs. Nonetheless, gains were later moderated after U.S. futures experienced a sharp drop in reaction to President Trump's tariff threats against Europe and Canada. Earlier in the week, Trump had postponed his July 9 deadline to August 1, yet imposed a 50% tariff on copper and extended his tariff measures. Meanwhile, investors exercised caution ahead of China's upcoming June trade data, scheduled for release on Saturday, along with major reports expected next week, including June's activity assessments and Q2 GDP figures. Leading gainers included Wuxi Biologics (+4.1%), HKEX (+3.4%), AIA Group (+2.8%), SMIC (+2.6%), and Meituan (+2.3%).