Hong Kong Stocks Hold Winning Momentum as Fed Cut Bets Rise; Quantgroup Rallies on Debut

Published on 11/27/2025 at 03:38 am EST
(MT Newswires) -- Hong Kong stocks ended little changed Thursday, managing to hold their winning streak amid rising expectations of a US rate cut and mixed economic signals from China.
The Hang Seng Index ended fractionally higher at 25,945.93, while the Hang Seng China Enterprises Index barely moved in positive territory to finish at 9,164.87.
Investors kept their focus on remarks from Federal Reserve officials this week, with comments by San Francisco Fed President Mary Daly and Governor Christopher Waller reinforcing expectations of a U.S. rate cut.
Meanwhile, industrial profits in China fell 5.5% year over year to 577.09 billion yuan in October, according to MT Newswires' calculations based on data from the National Bureau of Statistics.
The decline follows sharp rebounds in August and September, when profits rose 20.4% and 21.6%, respectively.
At home, 44 people were killed, and 279 remain missing after a major fire tore through a housing estate in the city's Tai Po district, ripping across bamboo scaffolding and engulfing seven residential blocks, prompting all-out rescue efforts from the government.
In corporate news, Quantgroupmade its debut in Hong Kong, ending nearly 89% higher at HK$18.50, compared with its offer price of HK$9.80.
China Vanke declined nearly 8% after the developer moved to extend the payment deadline on a 2 billion-yuan bond due Dec. 15.

Sumber : MT Newswires