【Zhenzhuo Hong Kong Stock Market Expert】Latest US unemployment data rises, China introduces policies to vigorously boost domestic consumption market
Hong Kong Stock Market Trends and Analysis
U.S. stocks showed mixed performance on Tuesday, with the latest U.S. unemployment data rising, dampening market sentiment. Tech stocks rebounded from lows, and the Nasdaq rose against the trend, while the three major indices closed with mixed results. The U.S. dollar continued to decline, with the 10-year Treasury yield falling to 4.14%. Gold prices retreated from highs, and oil prices softened. Hong Kong's depositary receipts showed mixed performance, and the market is expected to see limited movement in early trading. Mainland stocks fell yesterday, with the Shanghai Composite Index fluctuating lower and closing down 1.1%. Trading volume in Shanghai and Shenzhen also shrank. Hong Kong stocks followed the downward trend in global markets, with the index falling below multiple moving averages to a low of 25,000 points, hitting a new low in recent months. Trading volume remained light. Blue-chip stocks generally declined as investors remained cautious ahead of year-end. The index is expected to test support at 25,000 points again, with resistance at 26,000 points.
Industry News
The Ministry of Commerce, the People's Bank of China, and the Financial Regulatory Authority recently jointly issued the "Notice on Strengthening Business and Financial Coordination to Boost Consumption with Greater Efforts," proposing 11 policy measures across three areas. First, deepen collaboration between business and financial systems. Promote communication and division of labor among local authorities, encourage regions with conditions to improve communication and cooperation mechanisms, strengthen the combined efforts of fiscal funds, credit funds, and social capital, and refine specific implementation rules to jointly implement policy packages. Second, increase financial support for key consumption areas. Encourage financial institutions to optimize financial products and services in five key areas: upgrading goods consumption, expanding service consumption, fostering new consumption, innovating diversified consumption scenarios, and supporting consumption assistance. Strengthen the alignment of supply and demand, improve the fit for goods and services consumption, promote the development of new consumption tailored to local conditions, support the construction of new consumption formats, models, and scenarios, and implement detailed financial support measures. Third, expand cooperation among government, financial institutions, and enterprises. Encourage joint efforts to boost consumption, carry out multi-level, multi-channel, and diversified consumption promotion activities and information sharing, provide precise matching services, fully utilize policy dividends, and better meet the needs of businesses and consumers. The policy vigorously promotes the domestic consumption market, and related measures are expected to be implemented successively, benefiting sector sentiment.
Harbor Family Office Business Development Director, Kwok Ka Yiu, CFA
Date: Wednesday, December 17, 2025
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