Hong Kong Stocks Advance as Investors Gear up for Details from China Economic Meeting

Market Express12-12

Hong Kong stocks extended gains in morning trading as investors awaited details from a key Chinese economic policy meeting that could reveal what measures Beijing might use next year to combat deflation and the impact of potentially higher US tariffs.

The Hang Seng Index gained 1.34% to 20,424.36 as of 11.20am local time. The Hang Seng Tech Index added 2.04%.

China’s economic work conference is expected to conclude on Thursday, which will be followed by a statement published by the Xinhua News Agency. Just days ago, a readout from a Politburo meeting chaired by President Xi Jinping said China would use “more proactive fiscal policies” to improve domestic demand in 2025 with “moderately loose” monetary tools, indicating an inclination toward broad-based stimulus.

In terms of star stocks, Bilibili rose 5%; Baidu rose 4%; Kuaishou, Li Auto, and Tencent rose 3%; NetEase, BYD, Alibaba, and Xiaomi rose 2%; Meituan and SMIC rose more than 1%.

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The Hang Seng Tech Index added 2.04%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b6422980dfc972548407120771725130\" title=\"\" tg-width=\"978\" tg-height=\"42\"/></p><p>China’s economic work conference is expected to conclude on Thursday, which will be followed by a statement published by the Xinhua News Agency. 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