The Hong Kong stock market on Friday wrote a finish to the seven-day losing streak in which it had tumbled almost 1,700 points or 7.2 percent. The Hang Seng Index now sits just beneath the 24,720-point plateau and it's expected to add to its winnings on Monday.
The global forecast for the Asian markets is cautiously optimistic on hopes for an end to the conflict in the Middle East. The European and U.S. markets were up and the Asian bourses are expected to open in similar fashion. The Hang Seng finished sharply higher on Friday following gains from the financial shares, resource stocks and technology companies.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.