Meanwhile, Australia’s ASX 200 Index saw a three-day winning streak, rising 0.45%. The gains spanned the banking, gold, mining, oil and technology sectors.
Notably, the S&P/ASX All Technology Index rose 0.92%, while Northern Star Resources Ltd. (NST) rose 0.45%, benefiting from gold price gains.
Outlook
Thin holiday trading could extend volatility. However, key events, including private sector PMI releases, updates on Beijing’s stimulus measures and US tariff developments, require attention.
Weaker PMI data from China, US tariff threats and Beijing’s silence on stimulus could weigh on riskier assets. Traders must keep a close eye on global economic trends and trade dynamics to navigate changing market conditions.
For an in-depth analysis of the Hang Seng Index and global market trends, click here.