Hang Seng climbs 0.7%, caution ahead of Trump’s inauguration

The Hang Seng rose by 137 points, or 0.7%, to close at 19,760 on Friday, recovering from a 2% drop in the previous session.

Hang Seng climbs 0.7%, caution ahead of Trump’s inauguration

The gains were driven by consumer, tech, and property sectors, supported by expectations of potential interest rate cuts from the PBoC this year. Sentiment was further bolstered by the Chinese central bank’s second round of swap facility operations worth CNY 55 billion to support domestic stock markets. Additionally, China's top planning agency announced an expansion of consumption subsidies, now including smartphones and other electronics, to boost domestic demand. However, the index pared its early gains, finishing the week down 1.6%, as caution grew ahead of Donald Trump's presidential inauguration on January 20, raising concerns over a potential US-China trade dispute.

Miniso Group surges 8.4%, leading gains in Hong Kong stocks

Among individual stocks, Miniso Group surged 8.4%, followed by Smoore International Holdings (8.3%), Xiaomi Corp. (6.0%), Pop Mart Int. (3.4%), and BYD Electronic Intl. (2.6%).