2025.10.2402:20:47UTC+00Hong Kong Stocks Poised for Solid Weekly Gains

Hong Kong stocks advanced by 175 points, or 0.7%, reaching 26,146 in early trading on Friday, continuing the upward trend from the previous session due to widespread gains across various sectors. Investor sentiment improved following the announcement from the White House that U.S. President Trump will meet with Chinese leader Xi Jinping on October 30, alleviating concerns that arose from recent trade tensions. Additionally, China announced that Vice Premier He Lifeng will hold discussions with U.S. Treasury Secretary Bessent and Trade Representative Greer starting today. In mainland China, stocks climbed for a consecutive session after the Communist Party committed to enhancing domestic demand, improving citizens' livelihoods, and advancing technological self-reliance. In Hong Kong, recent data indicated that annual inflation remained stable at 1.1% in September, with officials highlighting continued price stability and modest inflation expectations. Top performers included China Hongqiao, which increased by 4.5%, Sands China by 4.4%, and Meituan by 4.1%. For the week, the market is on track for the first increase in three weeks, having risen approximately 3.5%, fueled by optimism about potential reductions in U.S. interest rates.