2026.01.0903:23:56UTC+00Hong Kong Stocks Muted, Poised for Weekly Decline

Hong Kong shares remained relatively stable on Friday morning, settling around the 26,165 mark after experiencing declines over the previous two sessions. The market demonstrated a balancing act as weakness in property and financial sectors was countered by advances in technology and consumer stocks. Investors digested China's consumer price index (CPI) data, revealing stagnant consumer prices in 2025, falling short of the official target of approximately 2%, despite December inflation reaching a near three-year peak at 0.8%. Additionally, China's producer prices declined for the 39th consecutive month, though the rate of decrease showed a slight improvement. In the United States, stock futures maintained a steady course ahead of significant employment data releases, as the Supreme Court prepared its decision regarding tariffs imposed during the Trump administration. Noteworthy performers in the market included Kuaishou, rising by 3.6%, Zijin Mining with an increase of 2.6%, and Techtronic Industries, which climbed by 2.0%. Conversely, WH Group saw a decline of 2.8%, Mixue Group dropped 2.5%, and Meituan decreased by 2.3%. As the week draws to a close, markets are on track for their first decline in three weeks, currently down approximately 0.7%, influenced by regional geopolitical tensions and investor caution leading up to China's upcoming trade data release next week.