Market Update
Foreign Investors Remained the Driving Force Behind China's IPO Parade
Li Chen
17 Dec, 2025
Hong Kong
Stocks in China and Hong Kong traded sideways as investors debated the economic growth outlook in 2026 and possible stimulus measures to arrest decelerating economic growth.
The Hang Seng Index increased 0.1%, and the mainland-focused CSI 300 index advanced 0.7% after mixed economic data raised concerns about the economic growth.
China's economic growth in 2026 is likely to slow to closer to 4% as persistent weakness in the residential market overshadows broader economic activities.
Moreover, consumer confidence remained low amid weakening labor market conditions and a lack of measures to revive the faltering housing market.
Despite the weakening economic growth, policymakers are reluctant to announce additional debt-fueled economic stimulus measures in the near term.
The youth jobless rate has stayed near 25%, as manufacturing businesses continue to shift operations to Vietnam, Thailand, Malaysia, and Mexico amid constantly changing U.S. trade policy.
Since 2016, large and medium-sized businesses have expanded their overseas operations, and those efforts have gained momentum over the last two years, negatively impacting domestic labor markets.
The U.S. economy added 64,000 net new jobs in November, following a loss of 105,000 positions in the previous month, according to the U.S. Bureau of Labor Statistics.
China Indexes and Stocks
The Hang Seng Index gained 0.1% to 25,260.51, and the mainland-focused CSI 300 index edged up 0.7%.
Hashkey Holdings dropped nearly 2% to HK $6.49, and Hong Kong's largest licensed cryptocurrency exchange operator completed its initial public offering.
The company sold 240.5 million shares, priced its initial public offering at HK $6.68 per share, and raised gross proceeds of HK $1.6 billion.
MetaX Integrated Circuits soared nearly 700% to 823.25 yuan, and the graphic processor maker priced its public offering at 104.66 yuan.
The five-year-old, Shanghai-based high-end graphic processor drew attention from institutional and retail investors as Chinese companies push to develop domestic chips to power AI applications and services.
The company sold 40.1 million shares in its public offering and raised gross proceeds of 4.2 billion yuan, or US $596.0 million.
Earlier this month, Moore Thread Technology, a larger rival, raised 8 billion yuan in a successful public offering.
U.S. Stocks Lacked Direction After Payrolls Reports
Barry Adams
16 Dec, 2025
New York City
U.S. stock market indexes faced headwinds for the second consecutive session this week amid market rotation away from high-priced technology stocks.
The S&P 500 index decreased 0.5%, and the tech-focused Nasdaq Composite inched lower 0.8%.
Investors remained net sellers of technology stocks linked to artificial intelligence and sought value in industrial and cyclical stocks ahead of the release of delayed economic data releases.
U.S. Nonfarm Payrolls Reports Painted Mixed Picture
November's nonfarm payrolls advanced 64,000, and the jobless rate increased to a four-year high of 4.5%, while average hourly earnings edged up 3.5% from a year ago to $36.86, according to the U.S. Bureau of Labor Statistics.
Employers expanded payrolls at a sharply lower rate than the 119,000 increase in September, amid the continued pullback by private businesses in manufacturing, retail, and logistics industries.
Employment rose in health care by 46,000 and construction by 28,000 in November, while the federal government continued to lose jobs by 6,000.
In November, both the unemployment rate, at 4.6%, and the number of unemployed people, at 7.8 million, were little changed from September.
These measures are higher than last November, when the jobless rate was 4.2%, and the number of unemployed people was 7.1 million.
The U.S. Bureau of Labor Statistics canceled the October Employment Situation report because of the federal government shutdown and the agency's inability to collect retroactive data with sufficient reliability.
In November, both the labor force participation rate of 62.5% and the employment-population ratio of 59.6% were little changed from September, and these measures showed little or no change over the year.
The change in total nonfarm payroll employment for August was revised down by 22,000, from a loss of 4,000 to a loss of 26,000, and the change for September was revised down by 11,000, from an increase of 119,000 to 108,000.
With these revisions, employment in August and September combined is 33,000 lower than previously reported.
Due to the recent federal government shutdown, this is the first publication of October data, and thus there are no revisions for October this month.
The government agency estimated a loss of 105,000 jobs in October, meeting the expectations of a decline in payrolls after they expanded sharply by 108,000 in September.
The October decline was the third in the last six months, where payrolls shrank, and the employment level has shown little net change since April.
October's retail ad food services sales advanced at a slower pace of 3.5%, according to the U.S. Census Bureau.
Nonstore sales growth accelerated to 9% from 6%, and food services and drinking place sales growth slowed to 4.1% from 6.7% in September, respectively.
U.S. Movers
The Tollbooth Strategy Index, S&P 500, and the Nasdaq Composite closed down on Monday, pressured by the weakness in key technology stocks.
Nvidia Corp. edged up 0.8%, Broadcom dropped 6%, Alphabet Inc. eased 0.4%, Apple Inc. decreased 1.5%, Meta Platforms gained 0.6%, and Oracle Corp. declined 2.7%.
General Electric Co. gained 0.4% to $300.98, GE Vernova edged up 1.4% to $681.35, and GE HealthCare Technologies inched up 0.8% to $84.45.
U.S. Stocks Under Pressure Ahead of Payrolls and Retail Sales Reports
Barry Adams
16 Dec, 2025
New York City
U.S. stock market indexes faced headwinds for the second consecutive session this week amid market rotation away from high-priced technology stocks.
The S&P 500 index decreased 0.5%, and the tech-focused Nasdaq Composite inched lower 0.8%.
Investors remained net sellers of technology stocks linked to artificial intelligence and sought value in industrial and cyclical stocks ahead of the release of delayed economic data releases.
November's nonfarm payrolls advanced 35,000, and the jobless rate increased to a four-year high of 4.4%, while average hourly earnings edged up 0.3%, according to an estimate by Ticker.com.
Employers expanded payrolls at a sharply lower rate than the 119,000 increase in September, amid the continued pullback by private businesses in manufacturing, retail, and logistics industries.
The U.S. Bureau of Labor Statistics canceled the October Employment Situation report because of the federal government shutdown and the agency's inability to collect retroactive data with sufficient reliability.
October's retail ad food services sales advanced at a slower pace of 4.0%, amid a weaker nonstore sales growth of 5.8%, and food services and drinking place sales rose 6% from a year ago, respectively.
U.S. Movers
The Tollbooth Strategy Index, S&P 500, and the Nasdaq Composite closed down on Monday, pressured by the weakness in key technology stocks.
Nvidia Corp. edged up 0.8%, Broadcom dropped 6%, Alphabet Inc. eased 0.4%, Apple Inc. decreased 1.5%, Meta Platforms gained 0.6%, and Oracle Corp. declined 2.7%.
General Electric Co. gained 0.4% to $300.98, GE Vernova edged up 1.4% to $681.35, and GE HealthCare Technologies inched up 0.8% to $84.45.
Japan's Stocks, Yen, and Bond Yields Traded Sideways Ahead of BoJ Rate Decisions
Akira Ito
16 Dec, 2025
Tokyo
Japan's market sentiment remained weak for the second consecutive session this week, and investors stayed on the sidelines ahead of rate decisions.
The Nikkei 225 Stock Average decreased 1.3%, the broader Topix declined 1.4%, and the Japanese yen traded at 154.75 against the U.S. dollar.
The widely followed stock market indexes traded in a tight range with a downward bias ahead of the Bank of Japan's rate decisions on Friday.
The Monetary Policy Committee is widely expected to increase its short-term interest rate by 25 basis points to 0.75%, and BoJ Governor Kazuo Ueda's post-meeting comments could provide deeper insights into the next year's policy trajectory.
The European Central Bank and the Bank of England are expected to hold steady key lending rates on Sunday, amid a weakening inflation backdrop and soft economic growth outlook.
Japan Indexes and Stocks
The Nikkei 225 Stock Average decreased 1.3% to 49,532.99, and the broader Topix dropped 1.4% to 3,382.98.
Volatile semiconductor equipment makers declined for the second consecutive session this week.
Tokyo Electron decreased 0.9% to ¥30,870.0, Advantest Corp. fell 1.2% to ¥19,220.0, Disco Corp. declined 3.2% to ¥46,240.0, and Lasertec dropped 2.5% to ¥29,510.0.
Defense sector stocks remained in focus for the third week in a row amid rising tensions between Japan and China and Japan's push to increase its armament purchases.
Mitsubishi Heavy Industries decreased 2.2% to ¥3,991.0, Kawasaki Heavy Industries fell 1.8% to ¥11,695.0, and IHI Corp. dropped 2.6% to ¥2,869.50.
Japan's Stocks, Yen, and Bond Yields Traded Sideways Ahead of BoJ Rate Decisions
Akira Ito
16 Dec, 2025
Tokyo
Japan's market sentiment remained weak for the second consecutive session this week, and investors stayed on the sidelines ahead of rate decisions.
The Nikkei 225 Stock Average decreased 1.3%, the broader Topix declined 1.4%, and the Japanese yen traded at 154.75 against the U.S. dollar.
The widely followed stock market indexes traded in a tight range with a downward bias ahead of the Bank of Japan's rate decisions on Friday.
The Monetary Policy Committee is widely expected to increase its short-term interest rate by 25 basis points to 0.75%, and BoJ Governor Kazuo Ueda's post-meeting comments could provide deeper insights into the next year's policy trajectory.
The European Central Bank and the Bank of England are expected to hold steady key lending rates on Sunday, amid a weakening inflation backdrop and soft economic growth outlook.
Japan Indexes and Stocks
The Nikkei 225 Stock Average decreased 1.3% to 49,532.99, and the broader Topix dropped 1.4% to 3,382.98.
Volatile semiconductor equipment makers declined for the second consecutive session this week.
Tokyo Electron decreased 0.9% to ¥30,870.0, Advantest Corp. fell 1.2% to ¥19,220.0, Disco Corp. declined 3.2% to ¥46,240.0, and Lasertec dropped 2.5% to ¥29,510.0.
Defense sector stocks remained in focus for the third week in a row amid rising tensions between Japan and China and Japan's push to increase its armament purchases.
Mitsubishi Heavy Industries decreased 2.2% to ¥3,991.0, Kawasaki Heavy Industries fell 1.8% to ¥11,695.0, and IHI Corp. dropped 2.6% to ¥2,869.50.
China's Economic Updates Confirmed Decelerating Growth Outlook
Li Chen
16 Dec, 2025
Hong Kong
Stocks in China and Hong Kong faced selling pressure following the release of the latest economic data.
The Hang Seng Index fell nearly 2%, and the mainland-focused CSI 300 index decreased 1.4% after weaker-than-expected economic data raised concerns about China's economic growth deceleration.
Retail sales rose 1.9% from a year ago in November and declined for the sixth month in a row; fixed-asset investment fell by 2.6% in the first 11 months to November; and industrial output advanced 4.8% in November.
The National Bureau of Statistics released the key economic data on Monday.
Persistent weakness in China's real estate continued to dampen consumer sentiment and kept retail sales growth in check for the sixth consecutive month.
Real estate investment fell by 15.9% in the first eleven months to November, expanding from the 14.7% decrease registered in the first 10 months to October.
The decline in new home sales extended to 7.8% in the January-November period, from a 6.8% fall for the January-to-October period.
In a separate report, the statistical agency said the jobless rate was unchanged at 5.1% in November from the previous month.
China's prolonged property market continued to weigh on the broader economy and consumer sentiment, and the leading developer China Vanke's struggle to reschedule its bond payments added to market anxieties.
China Indexes and Stocks
The Hang Seng Index dropped 1.9% to 25,143.69, and the mainland-focused CSI 300 index decreased 1.4% to 4,490.41.
Guoxia Technology soared more than 115% to HK $45.66, and the smart energy storage company listed its stock on the Hong Kong Stock Exchange.
The company priced its initial public offering at HK $20.10 per share and raised gross proceeds of HK $782.5 million through the sale of 38.9 million shares.
China's Economic Updates Confirm Decelerating Economic Ba
Li Chen
16 Dec, 2025
Hong Kong
Stocks in China and Hong Kong faced selling pressure following the release of the latest economic data.
The Hang Seng Index fell nearly 2%, and the mainland-focused CSI 300 index decreased 1.4% after weaker-than-expected economic data raised concerns about China's economic growth deceleration.
Retail sales rose 1.9% from a year ago in November and declined for the sixth month in a row; fixed-asset investment fell by 2.6% in the first 11 months to November; and industrial output advanced 4.8% in November.
The National Bureau of Statistics released the key economic data on Monday.
Persistent weakness in China's real estate continued to dampen consumer sentiment and kept retail sales growth in check for the sixth consecutive month.
Real estate investment fell by 15.9% in the first eleven months to November, expanding from the 14.7% decrease registered in the first 10 months to October.
The decline in new home sales extended to 7.8% in the January-November period, from a 6.8% fall for the January-to-October period.
In a separate report, the statistical agency said the jobless rate was unchanged at 5.1% in November from the previous month.
China's prolonged property market continued to weigh on the broader economy and consumer sentiment, and the leading developer China Vanke's struggle to reschedule its bond payments added to market anxieties.
China Indexes and Stocks
The Hang Seng Index dropped 1.9% to 25,143.69, and the mainland-focused CSI 300 index decreased 1.4% to 4,490.41.
Guoxia Technology soared more than 115% to HK $45.66, and the smart energy storage company listed its stock on the Hong Kong Stock Exchange.
The company priced its initial public offering at HK $20.10 per share and raised gross proceeds of HK $782.5 million through the sale of 38.9 million shares.
U.S. Indexes Hovered Near Record Highs as Industrial and Cyclical Stocks Gained Favor
Barry Adams
12 Dec, 2025
New York City
U.S. indexes hovered near record highs, and investors rotated into industrial and smaller cap companies.
The S&P 500 index edged up 0.1%, and the tech-heavy Nasdaq Composite inched lower 0.2% amid growing worries that returns on huge investments in AI infrastructure could lag market expectations.
The Fed's rate cut, economic projections, and 2026 rate outlook generally met investors' expectations, and investors set aside rate-hike worries for now.
Despite the Fed's soothing words about the U.S. economic health, the job market continues to cool, and delayed economic data releases are contributing to market anxieties.
Investors are bracing for sharp downward revisions to nonfarm payrolls, which could show that the U.S. payrolls are shrinking by 20,000 a month between April and October.
For now, investors bid up stocks, and the Dow Jones Industrial Average and the S&P 500 index scaled new record highs and anticipated another uptick in earnings in the holiday-spending-driven fourth quarter.
U.S. Movers
Oxford Industries extended the previous session's 22% decline by a fraction and traded at $31.06 after the apparel retailer confirmed the slow start of the holiday season.
Oxford Industries said quarterly losses expanded, driven by higher impairment charges and a challenging sales environment.
Broadcom Inc. decreased 6.5% to $379.79 despite the advanced chip designer's fiscal fourth-quarter results surpassing market expectations.
Broadcom delivered a sharp jump in revenue and earnings, driven by a surge in demand for its AI chips.
U.S. Movers: Broadcom, Oxford Industries
Scott Peters
12 Dec, 2025
New York City
Broadcom Inc. decreased 6.5% to $379.79 despite the advanced chip designer's fiscal fourth-quarter results surpassing market expectations.
Revenue soared 28% to $18.0 billion from $14.0 billion, net income soared 97% to $8.5 billion from $4.3 billion, and diluted earnings per share jumped 93% to $1.74 from 90 cents a year ago.
The company issued a solid outlook for the current year, driven by a strong demand for its AI chips.
The company estimated fiscal first quarter 2026 revenue to rise to $19.1 billion and adjusted operating earnings margin to be 67% of projected revenue.
"We see the momentum continuing in Q1 and expect AI semiconductor revenue to double year-over-year to $8.2 billion, driven by custom AI accelerators and Ethernet AI switches," said the company's CEO Hock Tan in a statement released to investors.
CEO Tan confirmed that the company's order backlog has swelled to $73 billion, which the company plans to fulfill over the next six quarters.
Broadcom revealed Anthropic as the mystery buyer, and the AI model start-up placed an additional order of $11 billion, on top of the $10 billion order confirmed in September.
Oxford Industries extended the previous session's 22% decline by a fraction and traded at $31.06 after the apparel retailer confirmed the slow start of the holiday season.
Revenue in the fiscal third quarter declined to $307.3 million from $308.0 million, net loss expanded to $63.7 million from $3.9 million, and diluted loss per share advanced to $4.25 from 25 cents a year ago.
Despite the company declaring a quarterly dividend, investors worried that future payments may be in jeopardy amid rising losses and negative effects of tariffs.
"The company's current annual EPS and adjusted EPS guidance reflect a net tariff impact of approximately $25 million to $30 million, or approximately $1.25 to $1.50 per share," said the company in the earnings release.
The company declared a 69-cent-per-share quarterly dividend to shareholders on record on January 16, 2026, and payable on January 30, 2026.
Oxford Industries revised its sales and adjusted earnings outlook for the fiscal year 2025 ending at the end of January 2026.
The retailer lowered its annual sales outlook range to between $1.47 billion and $1.49 billion from $1.52 billion in fiscal 2024.
The company estimated GAAP earnings per share to range between $1.32 and $1.52, compared to $5.87 in fiscal 2024, reflecting noncash impairment charges of $61 million, or $3.05 per share, primarily associated with the Johnny Was purchase in 2022.
U.S. Movers: Broadcom, Oxford Industries
Scott Peters
12 Dec, 2025
New York City
Broadcom Inc. decreased 6.5% to $379.79 despite the advanced chip designer's fiscal fourth-quarter results surpassing market expectations.
Revenue soared 28% to $18.0 billion from $14.0 billion, net income soared 97% to $8.5 billion from $4.3 billion, and diluted earnings per share jumped 93% to $1.74 from 90 cents a year ago.
The company issued a solid outlook for the current year, driven by a strong demand for its AI chips.
The company estimated fiscal first quarter 2026 revenue to rise to $19.1 billion and adjusted operating earnings margin to be 67% of projected revenue.
"We see the momentum continuing in Q1 and expect AI semiconductor revenue to double year-over-year to $8.2 billion, driven by custom AI accelerators and Ethernet AI switches," said the company's CEO Hock Tan in a statement released to investors.
CEO Tan confirmed that the company's order backlog has swelled to $73 billion, which the company plans to fulfill over the next six quarters.
Broadcom revealed Anthropic as the mystery buyer, and the AI model start-up placed an additional order of $11 billion, on top of the $10 billion order confirmed in September.
Oxford Industries extended the previous session's 22% decline by a fraction and traded at $31.06 after the apparel retailer confirmed the slow start of the holiday season.
Revenue in the fiscal third quarter declined to $307.3 million from $308.0 million, net loss expanded to $63.7 million from $3.9 million, and diluted loss per share advanced to $4.25 from 25 cents a year ago.
Despite the company declaring a quarterly dividend, investors worried that future payments may be in jeopardy amid rising losses and negative effects of tariffs.
"The company's current annual EPS and adjusted EPS guidance reflect a net tariff impact of approximately $25 million to $30 million, or approximately $1.25 to $1.50 per share," said the company in the earnings release.
The company declared a 69-cent-per-share quarterly dividend to shareholders on record on January 16, 2026, and payable on January 30, 2026.
Oxford Industries revised its sales and adjusted earnings outlook for the fiscal year 2025 ending at the end of January 2026.
The retailer lowered its annual sales outlook range to between $1.47 billion and $1.49 billion from $1.52 billion in fiscal 2024.
The company estimated GAAP earnings per share to range between $1.32 and $1.52, compared to $5.87 in fiscal 2024, reflecting noncash impairment charges of $61 million, or $3.05 per share, primarily associated with the Johnny Was purchase in 2022.
U.S. Indexes Hovered Near Record Highs as Industrial and Cyclical Stocks Gain
Barry Adams
12 Dec, 2025
New York City
U.S. indexes hovered near record highs, and investors rotated into industrial and smaller cap companies.
The S&P 500 index edged up 0.1%, and the tech-heavy Nasdaq Composite inched lower 0.2% amid growing worries that returns on huge investments in AI infrastructure could lag market expectations.
The Fed's rate cut, economic projections, and 2026 rate outlook generally met investors' expectations, and investors set aside rate-hike worries for now.
Despite the Fed's soothing words about the U.S. economic health, the job market continues to cool, and delayed economic data releases are contributing to market anxieties.
Investors are bracing for sharp downward revisions to nonfarm payrolls, which could show that the U.S. payrolls are shrinking by 20,000 a month between April and October.
For now, investors bid up stocks, and the Dow Jones Industrial Average and the S&P 500 index scaled new record highs and anticipated another uptick in earnings in the holiday-spending-driven fourth quarter.
U.S. Movers
Oxford Industries extended the previous session's 22% decline by a fraction and traded at $31.06 after the apparel retailer confirmed the slow start of the holiday season.
Oxford Industries said quarterly losses expanded, driven by higher impairment charges and a challenging sales environment.
Broadcom Inc. decreased 6.5% to $379.79 despite the advanced chip designer's fiscal fourth-quarter results surpassing market expectations.
Broadcom delivered a sharp jump in revenue and earnings, driven by a surge in demand for its AI chips.
Japan's Indexes Extended Weekly Advance Powered by Friday's Surge
Akira Ito
12 Dec, 2025
Tokyo
Stocks in Tokyo rebounded and erased the previous session's losses ahead of rate decisions by the Bank of Japan next week.
The Nikkei 225 Stock Average advanced 1%, the broader Topix soared 1.8%, and the yen hovered at 155.72 against the U.S. dollar.
Stocks in Tokyo have traded in a tight range amid uncertainty about the Bank of Japan's monetary policy and persistent pressure on the yen.
Moreover, investors are worried that Japan's economy is likely to stall in 2026 amid geopolitical uncertainty and the expectations of a 5% increase in wages for the third year in a row.
Japan's consumer price inflation has been hovering near the Bank of Japan's target rate of 2%, supporting the case for the central bank to continue its rate-hike campaign.
The Bank of Japan is likely to increase its short-term rate at the end of its two-day policy meeting on December 19.
Japan Indexes and Stocks
The Nikkei 225 Stock Average increased 1% to 50,678.77, and the broader Topix jumped 1.8% to 3,417.37.
For the week, the Nikkei 225 advanced 1%, and the Topix gained 1.6%.
Volatile AI-linked stocks rebounded in Friday's trading, despite worries that returns in AI infrastructure are likely to lag expectations.
Softbank Group jumped 3.1% to ¥17,755.0, Tokyo Electron decreased 2.6% to ¥31,760.0, Lasertec Corp. inched higher 0.4% to ¥31,120.0, and Advantest Corp. fell 1.8% to ¥20,670.0.
Japan's Weekly Indexes Extended Weekly Advance Powered by Friday's Surge
Akira Ito
12 Dec, 2025
Tokyo
Stocks in Tokyo rebounded and erased the previous session's losses ahead of rate decisions by the Bank of Japan next week.
The Nikkei 225 Stock Average advanced 1%, the broader Topix soared 1.8%, and the yen hovered at 155.72 against the U.S. dollar.
Stocks in Tokyo have traded in a tight range amid uncertainty about the Bank of Japan's monetary policy and persistent pressure on the yen.
Moreover, investors are worried that Japan's economy is likely to stall in 2026 amid geopolitical uncertainty and the expectations of a 5% increase in wages for the third year in a row.
Japan's consumer price inflation has been hovering near the Bank of Japan's target rate of 2%, supporting the case for the central bank to continue its rate-hike campaign.
The Bank of Japan is likely to increase its short-term rate at the end of its two-day policy meeting on December 19.
Japan Indexes and Stocks
The Nikkei 225 Stock Average increased 1% to 50,678.77, and the broader Topix jumped 1.8% to 3,417.37.
For the week, the Nikkei 225 advanced 1%, and the Topix gained 1.6%.
Volatile AI-linked stocks rebounded in Friday's trading, despite worries that returns in AI infrastructure are likely to lag expectations.
Softbank Group jumped 3.1% to ¥17,755.0, Tokyo Electron decreased 2.6% to ¥31,760.0, Lasertec Corp. inched higher 0.4% to ¥31,120.0, and Advantest Corp. fell 1.8% to ¥20,670.0.
China's Economic Planners Showed Little Urgency for Additional Stimulus Measures
Li Chen
12 Dec, 2025
Hong Kong
Stock market indexes in China edged slightly higher after China's economic planners vowed to consider providing additional support to bolster domestic demand.
The Hang Seng Index gained 1.4%, and the mainland-focused CSI 300 index increased 0.2% amid growing speculation that policymakers may follow through with a mix of fiscal and monetary stimulus measures.
China's top economic planners, political leaders, and heads of state-owned enterprises sent a signal to investigate how to improve domestic demand and revive the residential property market.
At the end of the annual Central Economic Work Conference on Thursday, a meeting attended by the members of the CCP Central Committee and State Council, China's leaders sent signals to boost domestic demand and support "high-quality growth."
China Indexes and Stocks
The Hang Seng Index increased 1.4% to 25,878.49, and the mainland-focused CSI 300 index edged up 0.2% to 4,562.08.
Benchmark indexes dropped 0.7% after a week of trading, as investors stayed on the sidelines and debated the 2026 growth outlook and possible stimulus measures.
Residential property developers advanced for the second consecutive session, following a rate cut by the Hong Kong Monetary Authority to maintain its currency's peg with the U.S. dollar.
Sun Hug Kai Properties rose 2.7% to HK $98.45, CK Asset Holding Ltd. gained 1.2% to HK $39.82, China Vanke added 0.7% to HK $3.75, and Longfor Group advanced 0.7% to HK $9.42.