Hang Seng Jumps, Still Ends Week Down 3.4%

2026-03-06 08:16 By Farida Husna 1 min. read

The Hang Seng Index surged 436 points, or 1.7%, to close at 25,77 on Friday, marking gains for the second straight session amid broad-based strength across sectors.

Mainland market momentum lifted sentiment after China set its 2026 GDP growth target at 4.5%–5% during its annual parliamentary meeting, with most other goals broadly in line with expectations.

Tech stocks led the rally, climbing above 3% as Beijing reaffirmed its tech-first policy stance.

JD.com jumped 8.3% after reporting stronger-than-expected revenue and adjusted profit, while Trip.com (7.4%), Geely Auto (6.9%), Xiaomi Corp.

(4.4%), and Meituan (3.8%) also advanced.

Despite Friday’s strength, markets fell 3.3% for the week, reversing the prior period’s modest gain, as fears of escalating Middle East tensions raised concerns over higher oil prices, cost pressures, tighter liquidity, and recession risks.

Traders now await key Chinese data next week, including February inflation and combined January–February trade figures.



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Hang Seng Jumps, Still Ends Week Down 3.4%
The Hang Seng Index surged 436 points, or 1.7%, to close at 25,77 on Friday, marking gains for the second straight session amid broad-based strength across sectors. Mainland market momentum lifted sentiment after China set its 2026 GDP growth target at 4.5%–5% during its annual parliamentary meeting, with most other goals broadly in line with expectations. Tech stocks led the rally, climbing above 3% as Beijing reaffirmed its tech-first policy stance. JD.com jumped 8.3% after reporting stronger-than-expected revenue and adjusted profit, while Trip.com (7.4%), Geely Auto (6.9%), Xiaomi Corp. (4.4%), and Meituan (3.8%) also advanced. Despite Friday’s strength, markets fell 3.3% for the week, reversing the prior period’s modest gain, as fears of escalating Middle East tensions raised concerns over higher oil prices, cost pressures, tighter liquidity, and recession risks. Traders now await key Chinese data next week, including February inflation and combined January–February trade figures.
2026-03-06
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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Hang Seng Pares Gains at Close
The Hang Seng rose 72 points, or 0.3%, to end at 25,321 on Thursday, halting a three-day decline as financials and property stocks led gains. Bargain hunting helped lift the market from an 11-week low. Sentiment also improved after China signaled a shift toward economic rebalancing, setting its 2026 growth target at 4.5%–5% from the “around 5%” pace of recent years. Beijing’s 15th five-year plan pledged higher spending on innovation, high-tech industries, scientific research, and household consumption, while keeping fiscal deficit at 4.0% of GDP and inflation near 2.0%. Early strength faded, however, as U.S. futures fell sharply on mounting geopolitical risks, even after President Trump vowed protection for shippers following a U.S. submarine’s sinking of an Iranian warship. Caution also grew ahead of key Chinese data next week, including February inflation and trade figures. Standouts included Akeso Inc. (7.0%), AIA Group (5.1%), XPeng (2.8%), and Sun Hung Kai Properties (2.4%).
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