Equities in Hong Kong rose 64 points, or 0.2%, to 25,703 in early trade on Tuesday, attempting to rebound from losses in the prior session, with gains led by tech and consumer stocks. Market conditions remained subdued, with investors assessing November trade data showing exports and imports in the city recording their fastest growth in four years, even as the trade deficit widened. Attention also turned to upcoming U.S. releases, including the December Fed meeting minutes later in the day for signals on the pace of policy easing in 2026, alongside weekly U.S. jobless claims due in the coming days. Among early gainers, Sunny Optical Technology rose 2.0%, followed by SMIC (1.7%), Geely Automobile (1.4%), and Xiaomi Corp. (1.2%). For the year, Hong Kong stocks are on track to jump about 28%, extending bullish momentum from 2024, buoyed by ample liquidity in China, improving risk appetite as Sino-U.S. trade tensions eased, and a strong rebound in the city’s IPO market.
