Hang Seng soars by 4.5% this week
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The Hang Seng climbed 242 points, or 1.2%, to end at 21,133 on Friday, extending its gains from the prior session and reaching its highest level in three months.
upturn was capped by caution While the index experienced notable gains, the upturn was capped by caution as investors awaited key US job reports, which could provide insights into the Federal Reserve's future policy direction and influence global risk sentiment. In the coming week, attention will also turn to Chinese CPI and PPI data for January, as analysts closely watch for signs of deflationary pressures that could impact the country’s economic outlook. Among the top performers on the Hang Seng, Lenovo surged 6.1%, hitting its highest level in nearly a decade, as it explored potential partnerships with DeepSeek, signaling strong interest in the tech giant's strategic direction.
Hang Seng soars by 4.5% this week
The rally was largely fueled by investor interest in China's internet firms, spurred by the launch of a more competitive AI model by DeepSeek, which helped boost market sentiment. The index surged 4.5% for the week, marking its fourth consecutive gain and a 20% rise from its January low, officially entering a bull market. This positive momentum was underpinned by growing optimism surrounding the potential easing of the trade row between Beijing and Washington, alongside expectations that China might introduce additional measures to bolster market confidence ahead of the National People's Congress in early March.upturn was capped by caution While the index experienced notable gains, the upturn was capped by caution as investors awaited key US job reports, which could provide insights into the Federal Reserve's future policy direction and influence global risk sentiment. In the coming week, attention will also turn to Chinese CPI and PPI data for January, as analysts closely watch for signs of deflationary pressures that could impact the country’s economic outlook. Among the top performers on the Hang Seng, Lenovo surged 6.1%, hitting its highest level in nearly a decade, as it explored potential partnerships with DeepSeek, signaling strong interest in the tech giant's strategic direction.