Hong Kong Stocks May Pause as Global Markets Turn Weak
After two strong sessions, the Hong Kong stock market may pause on Tuesday as global cues remain soft. While the Hang Seng Index recently gained nearly 3.4%, profit-taking pressure from Wall Street and mixed European trends could weigh on sentiment.
02:30 PM Aug 26, 2025 IST
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Aakash Khuman
The Hang Seng Index has climbed more than 825 points in the past two sessions, settling at 25,829.91 on Monday. The rally was powered by property and tech stocks, with companies like Alibaba, JD.com, Lenovo, and Galaxy Entertainment seeing strong gains.
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Key Movers in Hong Kong
Alibaba Group surged 5.51%, JD.com jumped 4.28%, Lenovo rose 4.10%, and Galaxy Entertainment spiked 5.59%. Other notable gainers included New World Development ( 5.10%), Meituan ( 3.29%), and CSPC Pharmaceutical ( 3.24%). However, a few financial names like China Life Insurance (-0.16%) and ICBC (-0.34%) slipped slightly.
Wall Street’s Weak Hand
Wall Street ended lower on Monday, dragging sentiment across Asia. The Dow Jones fell 349 points (-0.77%), the S&P 500 dropped 0.43%, and the Nasdaq eased 0.22%. Profit-taking drove the sell-off after Friday’s rally, which was fueled by Fed Chair Jerome Powell’s hint at possible rate cuts next month.
Crude Oil Prices Climb
Oil prices moved higher on supply concerns. West Texas Intermediate crude for October delivery rose 1.89% to $64.86 per barrel, supported by worries that Western sanctions on Russian oil may persist longer than expected.
Hong Kong Trade Data Ahead
Locally, investors will be watching July trade data for imports, exports, and balance of trade. In June, imports grew 11.1% year-on-year, exports increased 11.9%, and the trade deficit stood at HKD 58.9 billion.
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