05.09.202508:39:43UTC+00Hang Seng Jumps 1.4% at Close

The Hang Seng Index experienced a notable rise on Friday, climbing 359 points, equivalent to a 1.4% gain, to close at 25,418. This increase halted a three-day consecutive decline. The uplift in sentiment was bolstered by Wall Street's S&P 500 reaching a record high on Thursday, with investors speculating on a potential interest rate cut by the Federal Reserve later this month, amid further indications of a cooling labor market in the United States. Over the week, the Hang Seng Index also rose by 1.4%, effectively reversing the previous week's decline, thanks in part to a liquidity boost of CNY 1 trillion from China's central bank. However, the gains were tempered by a notable plunge in mainland stocks—the steepest in five months—driven by profit-taking following a two-month rally and the conclusion of China’s military parade. All sectors participated in the upward movement, with notable performances in the technology, consumer goods, and property sectors. Ubtech Robotics made a significant advance of 4.4% following a CNY 250 million contract for humanoid robots. Meanwhile, WuXi XDC Cayman appreciated by 3.6% after revealing a HKD 2.73 billion share sale. Among other strong performers were Horizon Robotics with a 9.5% surge, SMIC with 6.0% growth, Hansoh Pharma advancing by 4.6%, and China Hongqiao also rising by 4.6%.