The Hang Seng fell 184 points, or 0.7%, to close at 25,635 on Monday, reversing modest gains from the prior session, as markets entered the final trading week of 2025.
Early strength was erased after sentiment turned sour amid renewed geopolitical tensions, following China's large-scale military drills around Taiwan.
Sentiment was further weighed by China data, where profits at industrial firms fell the most in over a year in November, due to persistently weak domestic demand.
All sectors retreated, with property and consumers among the biggest laggards, even as Beijing reiterated its pledge to adopt a more proactive fiscal stance in 2026.
Zijin Mining slipped 5.7%, followed by SMIC (-1.8%), Xiaomi Corp. (-1.4%), and Tencent Holdings. (-1.0%).
Despite the pullback, Hong Kong equities remain on track to end 2025 up around 28%, marking a potential second straight annual gain, lifted by strong liquidity conditions in China and a rebound in risk appetite as Sino-U.S. trade frictions eased.


Sumber : Trading Economics