The Hang Seng closed nearly unchanged at 22,616 on Monday, after an initial surge of almost 1.5% earlier in the session. Gains in property and financial stocks offset losses in the technology and consumer sectors. Traders took profits following a tech-driven rally while awaiting further policy signals from Chinese President Xi Jinping's meeting with private enterprises, including Alibaba, Meituan, Xiaomi Corp, and BYD Co. Investors also monitored reports from Reuters indicating that Beijing hopes the European Commission will make a "political decision" regarding the bloc's anti-subsidy investigation into Chinese EVs. Additionally, US President Donald Trump suggested the 75-day deadline to ban the short-video platform TikTok could be extended. Among large caps, China Unicom surged 7.5%, while Tingyi (Cayman Islands) Holdings gained 5.4%. On the downside, Zhaojin Mining Industry fell 3.8%, and Kingsoft Corp. dropped 2.9%.

Source; Trading Economi