Hong Kong Stocks Rise, Weekly Loss Looms

2026-03-06 02:51 By Farida Husna 1 min. read

Hong Kong equities climbed 267 points, or 1%, to 25,589 on Friday morning deals, building gains from the prior session as U.S.

stock futures edged higher following weakness on Wall Street overnight amid the risk of renewed inflation if energy prices remain elevated as the Middle East conflict persists.

In China, stocks rose further, lifted by Beijing’s shift toward economic rebalancing, with 2026 growth targeted at 4.5%–5%, below the “around 5%” pace of recent years.

Most sectors in the city advanced, led by tech and consumer shares.

Pharma names outperformed, including Innovennt Biologics (5.7%), Akeso (4.2%), and CSPC Pharma (3.5%).

Still, Hong Kong’s market is on track for a steep weekly loss, down around 4% after prior strength, pressured by official PMI data in China showing weakness in February’s factory and services activity due to the Spring Festival break.

Also, caution grew ahead of Chinese CPI and PPI data due next week, alongside combined January–February trade figures.



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Hong Kong Stocks Rise, Weekly Loss Looms
Hong Kong equities climbed 267 points, or 1%, to 25,589 on Friday morning deals, building gains from the prior session as U.S. stock futures edged higher following weakness on Wall Street overnight amid the risk of renewed inflation if energy prices remain elevated as the Middle East conflict persists. In China, stocks rose further, lifted by Beijing’s shift toward economic rebalancing, with 2026 growth targeted at 4.5%–5%, below the “around 5%” pace of recent years. Most sectors in the city advanced, led by tech and consumer shares. Pharma names outperformed, including Innovennt Biologics (5.7%), Akeso (4.2%), and CSPC Pharma (3.5%). Still, Hong Kong’s market is on track for a steep weekly loss, down around 4% after prior strength, pressured by official PMI data in China showing weakness in February’s factory and services activity due to the Spring Festival break. Also, caution grew ahead of Chinese CPI and PPI data due next week, alongside combined January–February trade figures.
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