Published on 12/29/2025 at 03:30 am EST
(MT Newswires) -- Hong Kong stocks closed lower Monday even as China announced plans to do more to expand domestic demand next year.
The Hang Seng Index fell by around 183.70 points, or roughly 0.7%, to end at 25,635.23. The Hang Seng China Enterprises Index decreased by 23.41 points, or nearly 0.3%, to 8,891.71.
China's Finance Ministry said the country's fiscal policies will be more active in 2026, with a focus on expanding domestic demand, according to a readout released Sunday.
Beijing will focus on "actively" boosting investment in productivity, quality and people's overall development.
In corporate news, shares of Jiangxi Copperfinished 6% higher after the miner reached an agreement to acquire London-listed SolGold for 0.28 pound sterling per share, translating into a total consideration of up to 764.4 million pounds.
The agreement comes after Jiangxi Copper's prior two takeover offers were rejected.
Meanwhile, MMG said it approved the $900 million expansion of the Khoemacau copper mine in Botswana to increase annual production capacity to 130,000 tonnes.
Shares of the miner closed 2% lower.

Sumber : MT Newswires