---
title: "Hong Kong Leads Asian Stock Markets Higher in Thin Holiday Trading"
description: "Asian stock markets saw gains on Monday, led by a 2.5% rise in Hong Kong's Hang Seng Index following a US Supreme Court ruling against parts of the Trump Administration's tariffs, benefiting export-de"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/276590771.md"
published_at: "2026-02-23T10:54:00.000Z"
---

# Hong Kong Leads Asian Stock Markets Higher in Thin Holiday Trading

> Asian stock markets saw gains on Monday, led by a 2.5% rise in Hong Kong's Hang Seng Index following a US Supreme Court ruling against parts of the Trump Administration's tariffs, benefiting export-dependent China. The Hang Seng Index closed at 27,081.91, with 83 gainers to 5 losers. Other markets also showed positive movement, with South Korea's KOSPI up 0.7% and Taiwan's TWSE up 0.5%. However, the Australian ASX 200 fell by 0.6%.

05:54 AM EST, 02/23/2026 (MT Newswires) -- Asian stock markets largely gained ground on Monday, led by a Hong Kong rally after the US Supreme Court on Friday knocked back parts of Trump Administration tariff schedules, including some of those on export-dependent China.

Seoul and Taiwan also finished in the green, while Shanghai and Tokyo were closed on holiday. Mainland China trading floors, which have been closed since Feb. 14 for Lunar New Year, will reopen on Tuesday. Tokyo will re-open also on Tuesday, after a three-day weekend.

In Hong Kong, the Hang Seng Index opened higher and gained ground, finishing up 2.5% on the outlook for China exports to expand, after the US court ruling that Trump's use of the International Emergency Economic Powers Act of 1977 exceeded constitutional limits. However, the Trump Administration has vowed to implement other tariffs, and retains those applied for national security reasons.

The broad gauge Hang Seng rose 668.56 to 27,081.91, as gaining issues outnumbered losers 83 to five. The Hang Seng TECH Index gained 3.3% on the day, while the Mainland Properties Index rose 2%.

On the other regional exchanges, the S. Korean KOSPI rose 0.7%; the Taiwan TWSE inclined 0.5%; the Australian ASX 200 declined 0.6%; the Singapore Straits Times Index rose 0.5%, and the Thai Set was steady. In late trading in Mumbai, the Sensex was up 0.6%.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.