China Indexes Extended 3-Day Rally Tracking Wall Street Gains

Li Chen
19 Dec, 2025
Hong Kong

Friday's rebound extended the three-day market rally as investors added positions to high-flying technology stocks.  

The Hang Seng Index gained 0.7%, and the mainland-focused CSI 300 index gained 0.6%. 

Undeterred investors, domestic and foreign, stepped up to increase stock exposure amid a risk-on market sentiment, following a rally in overnight trading in New York. 

In cautious trading, investors bid up stocks in technology, pharmaceutical, and specialty retail sectors. 

U.S. inflation cooled to 2.7% in November from 3.0% in September, the U.S. Bureau of Labor Statistics reported Thursday. 

The overall inflation edged lower, and food prices rose 2.6%, energy prices advanced 4.2%, shelter costs increased 3%, and medical care costs advanced 2.9%. 

However, the prices for new vehicles rose 0.6%, and used vehicle prices advanced 3.6%. 

The statistical agency canceled the October inflation report after the 43-day federal government shutdown prevented the BLS from collecting key data. 

The lower-than-expected inflation in November supported the advance on Wall Street, powering a rally in Asian markets on Friday.

 

China Indexes and Stocks 

The Hang Seng Index increased 0.7% to 25,663.41, and the mainland-focused CSI 300 index edged up 0.6% to 4,580.64. 

The Hang Seng Index decreased 0.2%, and the CSI 300 index advanced 0.7% after a week of volatile trading. 

Alibaba Group advanced 0.8% to HK $145.20, Tencent Holdings gained 1.1% to HK $612.0, and Baidu added 1.1% to HK $118.90. 

CiDi dropped 5% to HK $241.0, and the truck maker priced its initial public offering at HK $263.0 per share. 

The autonomous commercial vehicle maker sold 5.4 million shares and raised HK$1.4 billion in gross proceeds. 

Xizang Zhihui Mining soared 110% to HK $9.52, and the zinc mining company priced its initial public offering at HK $4.51 per share. 

The zinc, lead, and copper mining company sold 121.9 million shares and raised gross proceeds of HK $550.0 million.