FX.co ★ Hang Seng Rises 2.7% This Week

The Hang Seng Index advanced by 71 points, or 0.3%, concluding Friday's session at 21,981. This uptick marks a recovery from the prior day's losses, spurred by a robust rally on Wall Street. The market sentiment was further bolstered by PBoC Governor Pan Gongsheng's reiteration of the central bank's dedication to maintaining a "suitably loose" monetary policy to support the Chinese economy. Additionally, reports indicating that Beijing might exempt certain U.S. goods from its substantial 125% tariffs improved the overall mood, as China assesses the economic impact of the ongoing trade war. Over the week, the index recorded a 2.7% gain, marking its second consecutive weekly increase, buoyed by increased optimism following Beijing's decision to trim the negative list for foreign investment from 117 sectors to 106. The increases were widespread, with technology, consumer, and real estate stocks leading the charge amid anticipations of further stimulus measures ahead of the upcoming Politburo meeting. Notably, Baidu saw a 2.3% surge after introducing its Ernie 4.5 Turbo AI model. Other significant gainers included Smoore Intl. (up 5.8%), Lenovo Group (up 3.4%), J&T Global Express (up 3.5%), and Swire Pacific (up 2.3%).