Hong Kong stocks bounced back to rise on Monday as investor sentiment improved after fears of a potential TikTok ban in the US were alleviated, together with softer US inflation data.
The Hang Seng Index surged 0.82%, or 162.43 points, to close the week at 19,883.13. The Hang Seng China Enterprises Index added 0.98%, or 69.97 points, to end at 7,213.85.
Donald Trump told supporters in a speech in Arizona that he does not support the idea of popular social media app TikTok leaving the US market, an SCMP report stated.
Earlier this year in April, ByteDance, Tiktok's Chinese parent company, had been mandated by US legislation to divest the app over concerns of national security.
Softer inflation data from the US further elevated investors' sentiment, with the Personal Consumption Expenditure (PCE) index logging a 2.4% rise in November, lower than a 2.5% forecast from a Reuters poll.
In corporate news, Shenzhen Dobot (HKG:2432) made a moderate trading debut in Hong Kong on Monday, with the robotic manufacturer's shares closing at HK$18.94, up 0.7% from its IPO price of HK$18.80.
HSBC's (HKG:0005) shares closed 1% higher on Monday, as its Hong Kong unit slashed its best lending rate in the city by 12.5 basis points to 5.25% from 5.375% effective Friday, according to a Thursday press release by the lender.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。