The Hang Seng rose 181 points, or 0.9%, to close at 20,107 on Tuesday (21/1), extending its bullish momentum for a sixth straight session and nearing its highest in nearly four weeks amid broad sector gains. Traders responded positively to Trump's inaugural speech on Monday, as it did not impose tariffs on China. Meanwhile, U.S. stock futures jumped after Trump signed several executive orders, including declaring a national energy emergency, which could lead to lower inflation and a Fed rate cut.
Further gains were capped by caution ahead of December inflation data in Hong Kong later in the day after inflation in November held at a five-month low of 1.4%. China Vanke Co. jumped nearly 9% after the developer announced interest payments on maturing bonds. Meanwhile, Country Garden jumped about 20%, hitting a 10-month high as trading resumed after a nine-month suspension. Other top gainers included Semicon Manufacturing (6.7%), Pop Mart Intl. (5.7%), Li Auto (5.2%), and Xiaomi Corp. (3.2%). (AL)
Source: Trading Economics
