Hang Seng Ends February Lower Despite Friday Rally

2026-02-27 08:21 By Farida Husna 1 min. read

The Hang Seng climbed 249 points, or near 1%, to close at 26,657 on Friday, reversing a 1.4% drop in the prior session and ending the week up 0.8% amid broad sector gains.

Optimism mounted ahead of China’s National People’s Congress, set to begin March 5, with traders hopeful for policies supporting tech, innovation, and domestic consumption.

Investors also looked past a sharp fall in U.S.

futures, shifting focus to China’s February PMI data due next week.

Property stocks led the upturn, jumping 2.8%, after Shanghai eased homebuying rules to spur the sector recovery.

Consumer shares advanced on low valuations, and tech stocks rebounded from recent losses.

Notable movers included Sun Hung Kai Properties (6.6%), Pop Mart Intl.

(2.8%), Muyuan Foods (2.6%), and AIA Group (2.3%).

Despite the upside, the index lost 2.8% in February, reversing January's solid gains, as uncertainty over U.S.

tariffs, concerns about global tech valuations, and renewed geopolitical risks pressured sentiment.



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Hang Seng Ends February Lower Despite Friday Rally
The Hang Seng climbed 249 points, or near 1%, to close at 26,657 on Friday, reversing a 1.4% drop in the prior session and ending the week up 0.8% amid broad sector gains. Optimism mounted ahead of China’s National People’s Congress, set to begin March 5, with traders hopeful for policies supporting tech, innovation, and domestic consumption. Investors also looked past a sharp fall in U.S. futures, shifting focus to China’s February PMI data due next week. Property stocks led the upturn, jumping 2.8%, after Shanghai eased homebuying rules to spur the sector recovery. Consumer shares advanced on low valuations, and tech stocks rebounded from recent losses. Notable movers included Sun Hung Kai Properties (6.6%), Pop Mart Intl. (2.8%), Muyuan Foods (2.6%), and AIA Group (2.3%). Despite the upside, the index lost 2.8% in February, reversing January's solid gains, as uncertainty over U.S. tariffs, concerns about global tech valuations, and renewed geopolitical risks pressured sentiment.
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Hong Kong Equities Rise Despite Tracking Monthly Loss
Hong Kong equities rose 93 points, or 0.4%, to 26,477 in Friday morning trade, rebounding from a steep drop in the prior session and signaling a modest weekly gain. Bargain hunting lifted all sectors, ahead of key policy meetings in China. Also, the city’s robust IPO pipeline continued, with four offerings launched today seeking up to HKD 4.9 billion, according to exchange filings. Property stocks led gains after reports of further easing in Shanghai’s home purchase rules for non-residents. Consumer and financial shares also strengthened, supported by steady spending across the mainland during the Lunar holiday. Standouts included Sun Hung Kai Properties (5.4%), CK Asset Holdings (3.4%), and China Hongqiao Group (3.0%). However, the market is on track for a monthly decline of about 3%, weighed by caution ahead of China’s February PMI release. Lingering uncertainty over U.S. tariffs, stretched global tech valuations, and geopolitical risks added to the cautious tone.
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Hang Seng Under Pressure at Finish
The Hang Seng lost 385 points or 1.4% to close at 26,381 on Thursday, swinging from strength in the prior session amid a notable drop in U.S. futures after Nvidia's earnings failed to impress markets, and geopolitical tensions between the U.S. and Iran persisted. Meanwhile, mainland stocks were subdued, with investors cautious ahead of China’s annual legislative meeting in March. Still, losses were limited by a steady rise in spending across the mainland during the Lunar holiday last week. Meanwhile, Shanghai city reportedly eased further home purchase rules for non-residents. Tech and consumer stocks each slid over 2%, while declines in financials and property were moderate ahead of Chinese PMI data for February, due next week. Galaxy Ent. dipped 3.9% despite stronger 2025 profits, while Kuaishou Tech (-3.8%), Pop Mart Intl. (-3.4%), and Meituan (-2.6%) also lagged. In contrast, HKEX rose 0.5% after reporting higher Q4 profit and revenue on robust listings and trading activity.
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