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The Hang Seng Index jumped 436 points, or 1.7%, to close at 25,770 on Friday, logging a second consecutive day of gains amid broad-based sector strength. Sentiment was boosted by momentum from mainland markets after China set its 2026 GDP growth target at 4.5%–5% at its annual parliamentary meeting, with most other policy goals broadly in line with expectations.
Technology stocks led the advance, rising more than 3% as Beijing reaffirmed its tech-first policy stance. JD.com climbed 8.3% after posting stronger-than-expected revenue and adjusted profit, while Trip.com gained 7.4%, Geely Auto 6.9%, Xiaomi Corp. 4.4%, and Meituan 3.8%.
Despite Friday’s rally, the market fell 3.3% over the week, erasing the prior week’s modest gain, as mounting concerns over escalating tensions in the Middle East fueled worries about higher oil prices, rising cost pressures, tighter liquidity, and increased recession risks. Traders now turn their attention to key Chinese data due next week, including February inflation and combined January–February trade figures.
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