The Hang Seng Index gained 0.5 per cent to 25,947.35 as of 11.15am local time, heading for the highest close since December 12. The Hang Seng Tech Index advanced 1.6 per cent. On the mainland, the CSI 300 Index slid 0.1 per cent and the Shanghai Composite Index added 0.3 per cent.
The city’s financial market will trade for a half day on Wednesday and will be shut on Thursday for New Year’s Day. The mainland’s markets will be closed on Thursday and Friday.
Investors have been boosting bets that Beijing will double down on fiscal expansion and monetary easing in 2026 to rejuvenate growth after an economic work conference chaired by President Xi Jinping this month pledged to focus on boosting domestic demand. In the latest sign of stabilising growth and its determination to prop up the property market, Beijing last week further loosened restrictions on home purchases in the capital city.
“Policy support will work its way into the economy to keep growth at a reasonable range next year,” said Zhang Yusheng, an analyst at Everbright Securities in Shanghai. “That will boost the confidence on the market and attract more inflows.”
