Hong Kong stocks rebounded, clawing back some of the losses from the worst start to a year since 2019, as Chinese regulators ramped up support for institutional buying to shore up sentiment and rebuild investor confidence.
The Hang Seng Index rose 0.7 per cent to 19,760.27 at the close, recovering some of the 2.2 per cent decline that was recorded on the first trading day in 2025. For the week, the benchmark was down 1.6 per cent, the largest decline for a five-day period in almost two months.
The Hang Seng Tech Index gained 1.1 per cent. On the mainland, the CSI 300 Index slid 1.2 per cent and the Shanghai Composite Index retreated 1.6 per cent.
Still, the appetite for risk was subdued and investors increased their purchases of fixed-income products, a reflection of scepticism about a strong recovery in Chinese growth. The yield on China’s benchmark 10-year government bond breached 1.6 per cent for the first time in history on…
