Commentary

Hong Kong Equities Under Pressure As Southbound Flows Defy the Downturn

Hang Seng Falls 1.1% This week, the Hong Kong equity market faced broad pressure. The Hang Seng Index(HSI) declined by 1.1% for the week, while the Hang Seng TECH Index(HSTECH) performed even weaker, dropping 2.82%. Trading activity remained subdued: HSI’s final-day volume was 7.93% below its 50-day average, and HSTECH’s

A-Shares Show Steady Gains Amid Supportive Global Policy Environment

CSI 300 Falls 0.28% The A-share market continues its upward trend. Market sentiment remains in a relatively positive risk-appetite zone, providing a favorable environment for sustained pursuit of structural investment opportunities. This week, major indices diverged in performance. The SSE Index(000001) rose by 0.03%, trading above its 5-day, 10-day, and

A-Shares Attempt Rebound As Policy-Driven Sectors Gain Momentum

CSI 300 Falls 0.08% This week, the A-share market entered a tentative rebound phase, with investor sentiment oscillating amid a flurry of domestic macro policy announcements and shifting external interest rate expectations. The SSE Index(000001) declined by 0.34% for the week. After briefly consolidating above its 5-day and 10-day moving

Hong Kong Equities Edge Lower Amid Policy Optimizations Bolstering Hopes for Mainland China-Linked Sector Recovery

Hang Seng Falls 0.42% The Hang Seng Index(HSI) declined modestly by -0.42% this week, while the Hang Seng TECH Index(HSTECH) fell -0.43%. Hong Kong equities showed overall weakness, primarily weighed down by heightened market divergence over the Fed’s 2026 rate-cut trajectory following its December policy meeting, and by lackluster property

A-Share Rebound Continues, Driven by Policy And Structural Repair

CSI 300 up 1.28% In this week, A-shares maintained an upward trend amidst attempts at a rebound, with improved expectations of macro liquidity and warm policy guidance becoming the main support for the market. The SSE Index(000001) rose by 0.37%, still 3.25% away from its one-year high, staying above the

Hong Kong Tech And Resource Stocks Lead Gains Amid Heightened Global Rate Cut Expectations

Hang Seng Rises 0.87% This week, the Hang Seng Index(HSI)rose by 0.87%, while the Hang Seng Tech Index(HSTECH) posted a slightly stronger gain of 1.13%. The market broadly exhibited a “bottoming-out and rebounding” pattern, particularly on December 5, when it was notably lifted by gains in mainland China’s A-share tech