Hong Kong Stocks Retreat But Set for Solid Yearly Advance
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Hong Kong stocks fell 207 points (0.8%) to 25,648, mirroring Wall Street's decline after mixed Fed minutes. However, positive China PMI data showed a rise in factory activity and service sector growth. Notable declines included Innovent Biologics (-3.2%) and Techtronic Industries (-2.2%). Despite the drop, the market is set for a 28% annual gain in 2025, bolstered by mainland liquidity and supportive policies. Trading will close early for New Year’s Eve, resuming on January 2.
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