Hang Seng Index Jumped Weekly 4% After China Set Amb

Li Chen
07 Mar, 2025
Hong Kong

Stock market indexes in China and Hong Kong halted a two-day rally, which was driven by hopes of additional stimulus measures after the government set an ambitious economic growth target. 

The Hang Seng index decreased 0.7%, and the mainland-focused CSI 300 index fell 0.5%, but investors held out for additional stimulus measures to boost the stock market, economy, property market, and consumer confidence.

For the week, the CSI 300 index increased 1% and the Hang Seng index soared 4.7%.

China's exports increased at 2.3% in the two-month period to February, slower than a 10.7% surge in December when U.S. importers front-loaded orders to avoid sharply higher tariffs. 

Exports for the January-February period rose 2.3% to $540 billion, and imports unexpectedly declined 8.4% to $369.3 billion, according to data released by the General Administration of Customs. 

China's exports to the U.S. are likely to face headwinds in the months ahead amid higher tariffs and a weakening macroeconomic backdrop. 

China's exports to the ASEAN region, its largest trading partner, rose 5.7% in the two-month period amid sustained demand for mechanical electric goods, fertilizers, and integrated circuits. 

After a week of trading in Hong Kong, benchmark indexes advanced at the fastest pace in two months following the release of an ambitious annual economic growth target of 5% by the Chinese leadership. 

Beijing leaders announced their plans to support elevated economic growth by increasing the government deficit to 4% of gross domestic product and raising its debt limits.

 

China Indexes and Stocks 

The Hang Seng index decreased 0.7% to 24,211.39, and the mainland-focused CSI 300 index declined 0.5% to 3,935.60. 

Technology-focused, online platform operators and property developers led the most actively traded stocks in Friday's trading in Hong Kong.

Alibaba Group Holding decreased 0.6% to HK $139.90, Meituan jumped 1.7% to HK $183.30, and JD.com fell 4.4% to HK $171.50.