Hong Kong Shares May Open Under Pressure On Monday

The Hong Kong stock market is projected to open under pressure and potentially extend recent declines following a weak performance across global equities. On Monday, the benchmark Hang Seng Index retreated by 183.70 points, or 0.71 percent, to close at 25,635.23, pressured primarily by losses across technology and property sectors. Key decliners included Alibaba Group, CSPC Pharmaceutical, and Galaxy Entertainment, although selective names such as Li Auto and ICBC managed to post gains. The cautious sentiment in Asian markets reflects negative spillover from Wall Street, where the Dow Jones, S&P 500, and Nasdaq all settled in negative territory driven by year-end profit-taking and pullbacks in major technology companies including Nvidia and Oracle. Meanwhile, crude oil prices advanced sharply due to rising geopolitical tensions across Eastern Europe, Venezuela, and the Middle East. Looking ahead, lighter year-end holiday liquidity combined with profit-taking behavior is likely to keep Hong Kong equities volatile and defensive in the near term.