The Hang Seng Index climbed 0.7% to around 25,035 on Friday, outperforming most Asian markets as improving signals from China’s economy supported sentiment. Regional markets remained under pressure after Wall Street losses, as concerns over a prolonged Middle East conflict pushed oil prices higher and lifted global borrowing costs. Uncertainty around US-Iran developments also kept investors cautious. Despite these headwinds, stronger industrial profit growth in China pointed to improving earnings, reinforcing confidence in the recovery. Expectations of further policy support, including possible rate cuts and lower reserve requirements, added to the positive tone. Notable movers included Meituan (0.52%), Pop Mart International (0.33%), Xiaomi Corporation (1.79%), Kuaishou Technology (1.23%), and Shenzhen Xunce Technology (27.22%).
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