Hang Seng Index Rises 0.9% This Week as Fed Cut Bets Clash With Crash Warnings
The Hang Seng Index closed up 0.6% at 26,085.08 on Friday, ending the week 0.9% higher despite early losses and persistent concerns over property and factory data. Ping An Insurance jumped 6.7% and Baidu rose 5%, while Shenzhou International dropped 3.4% after a downgrade. Mainland Chinese benchmarks also gained about 0.7–0.8%.
