The Hong Kong stock market has moved higher in two of three trading days since ending the two-day slide in which it had fallen almost 700 points or 2.7 percent. The Hang Seng Index now sits just above the 27,080-point plateau although it may hand back those gains on Tuesday. The global forecast for the Asian markets is negative due to uncertainty surrounding U.S. tariff policies. The European and U.S. markets were down and the Asian bourses are expected to follow suit. The Hang Seng finished sharply higher on Monday with gains across the board, especially among the financial, property, insurance and technology sectors. For the day, the index surged 668.56 points or 2.53 percent to finish at 27,081.91 after trading between 26,798.97 and 27,156.28. Among the actives, Alibaba Group spiked 3.47 percent, while Alibaba Health Info gathered 1.16 percent, ANTA Sports increased 2.44 percent, China Life Insurance climbed 3.04 percent, China Mengniu Dairy tumbled 1.92 percent, China Resources Land jumped 3.34 percent, CITIC gained 1.89 percent, CNOOC perked 0.54 percent, CSPC Pharmaceutical elevated 0.86 percent, Galaxy Entertainment strengthened 3.16 percent, Haier Smart Home expanded 3.11 percent, Hang Lung Properties added 2.40 percent, Henderson Land advanced 2.73 percent, Hong Kong & China Gas was up 0.79 percent, Industrial and Commercial Bank of China collected 2.34 percent, JD.com surged 3.56 percent, Lenovo rose 1.63 percent, Li Ning and Li Auto both accelerated 3.92 percent, Meituan skyrocketed 5.26 percent, New World Development picked up 1.02 percent, Nongfu Spring improved 2.51 percent, Techtronic Industries soared 3.51 percent, Xiaomi Corporation vaulted 3.39 percent and WuXi Biologics rallied 3.42 percent.
The lead from Wall Street is bleak as the major averages opened lower and remained in the red throughout the session, ending near daily lows.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.