Hang Seng Closes 0.7% Higher

2025-12-01 08:23 By Farida Husna 1 min. read

The Hang Seng rose 174 points or 0.7% to end at 26,033 on Monday, swinging from a drop in the prior session.

The upturn was supported by steady optimism over U.S.

rate cuts, while sentiment also improved as weak November PMI readings in China revived hopes of fresh support measures.

Official data showed manufacturing fell for the eighth straight month in November, and a private survey signaled a mild pullback.

In China, stocks rose for a third session, driven by AI-related optimism.

However, strength was capped by a sharp drop in U.S.

futures amid caution ahead of key data this week and Trump's choice to lead the Fed.

The property sector drove the gains, up by 1.4%, with advances from Sun Hung Kai Properties (1.9%), China Resources Land (0.9%), and Henderson Land (0.8%).

ZTE surged 10% after securing 5G contracts in Vietnam, signaling closer Beijing–Hanoi ties.

In contrast, Meituan slid around 3% after posting its first quarterly loss since late 2022 amid intense price competition.



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