Published on 12/04/2025 at 03:43 am EST
(MT Newswires) -- Hong Kong stocks were little changed on Thursday as investors turned cautious ahead of key economic releases from China.
The Hang Seng Index increased by around 175.17 points, or 0.7%, to end at 25,935.90. The Hang Seng China Enterprises Index rose by 77.93 points, or 0.9%, to 9,106.48.
Beijing is expected to announce economic data and growth targets at the Central Economic Work Conference and Politburo at the end of the year. According to Reuters, the Chinese government is expected to retain its current annual economic growth target of 5% in 2026.
Meanwhile, expectations that the Federal Reserve will cut interest rates for the third time this year rose after the latest batch of U.S. data supported such a move, The Business Times reported.
In corporate news, SEM Holdings (HKG:9929) became the target of a mandatory takeover after a change in ownership of the business. Shares of the electrical and mechanical engineering services firm gained nearly 371%.
Elsewhere, Time Interconnect Technology (HKG:1729) completed the acquisition of Dejinchang Investment, with all conditions under the sale and purchase agreement fulfilled.
Shares of the firm closed 1% lower.
Sumber : MT Newswires
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