Hang Seng Finishes Up for 4th Session
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The Hang Seng Index closed at 26,765, marking its fourth consecutive gain, driven by property and financial stocks. The property index rose 1.8% due to signs of stabilization in Hong Kong's housing market, aided by falling interest rates and rising rents. Financial stocks advanced ahead of the U.S. Fed's policy decision, while gold and mining stocks also performed well. Notable movers included Sun Hung Kai Properties and Mixue Group. Traders are awaiting China's 2025 industrial profit report after recent muted growth.
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