7 March 2025 Global Index Futures - Hang Seng

HONG KONG STOCK INDEX (HSI)

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Hang Seng

The Hang Seng surged 776 points or 3.3% to close at 24,370, marking its third straight gain and the highest level in over three years, with all sectors rallying. Investors viewed policy signals from China's annual parliamentary meeting positively, prompting increased buying.

The tech sector rose 5.4%, led by an 8.5% surge in Alibaba Group, which has soared 46% since hitting a 2025 low on January 13, owing to optimism over its AI development efforts. Consumer, property, and financial stocks also advanced robustly, as traders bet that the latest U.S. tariff hike under President Trump would not derail market sentiment, especially amid Beijing’s 2025 fiscal stimulus.

However, caution lingered ahead of key Chinese data, including trade figures for January-February on Friday, and CPI and PPI data on Monday. Greentown China rose 7.7% on strong February sales, while Kuaishou Tech (15.8%), KE Holdings (10.4%), Kingsoft Corp. (10.9%), Tencent (6.7%), and Meituan (5.1%) also logged solid gains.

(News Source: Tradingeconomics)

Plan A: Long only if market supported firm above 24,258. Targets are 24,476/24,770. Take reasonable stop loss for each trade. 

Plan A: Short if market is resilient to 24,258. Targets are 23,905/23,702. Take reasonable stop loss for each trade. 

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