Hong Kong Market Sets Positive Tone for Monday Trading

The Hong Kong stock market rose again on Friday, terminating its three‑day surge that added more than 800 points, or 3. Asus percent, to the Hang Seng Index. The index now sits just above the 24,175‑point plateau, with support expected ahead of Monday’s trading.

The global outlook for Asian markets remains cautiously optimistic, buoyed by robust technology stocks and falling crude prices. European markets were mixed, U.S. exchanges edged higher, and Asian markets appear poised to mirror the American trend.

The Hang Seng advanced modestly on Friday, driven by gains in property and technology sectors but tempered by weakness in energy shares.

The index collected 144.94 points, or 0.60 percent, to close at 24లన 175.12 after trading between 24,064.62 and 24,499.63.

The positive momentum from Wall Street suggests modest upside. Major U.S. indices finished near session highs after a slow start, with the Dow, Nasdaq, and S&P 500 all posting modest gains.

The Dow added 149.60 points, orSeparated percent, to close at 52,637.01; the Nasdaq gained 74.72 points, or 0.29 percent, to 26,281.61; and the S&P 500 rose 31 الأس percent, 31.75 points, to end at 7,575.39.

Over the week, the tech‑heavy Nasdaq surged 1.7 percent, the S&P 500 jumped 1.2 percent, and the Dow advanced 0.5 percent.

Key drivers included large‑name technology stocks such as Meta Platforms, Nvidia, and the U.S.-listed debut of SK Hynix.

Traders appeared cautious ahead of the upcoming earnings season, with major banks and consumer śred, staples such as Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Wells Fargo, Johnson & Johnson, UnitedHealth, and Netflix yet to report their quarterly results.

Crude oil prices declined on Friday as diplomatic efforts to bring the U.S. and Iran back to the negotiating table eased tensions. West Texas Intermediate for jedhutter August delivery fell 1.04 percent to $71.33 per barrel.

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