Hang Seng Index soars as US, China sign interim deal

The Hang Seng Index is on track to another strong finish, with US and China reaching a temporary consensus on trade tariffs.

The Hang Seng Index (HSI) has jumped up at least 500 points in early Friday trade, following positive updates on the US-China trade front.

US President Donald Trump on Thursday evening signed an interim agreement that would see the US reduce planned tariffs on some US$350 billion worth of Chinese imports by 50%.

In exchange, China has reportedly promised to purchase US$50 billion worth of agricultural products from the US.

Practise trading indices with an IG demo account now

Hang Seng Index ending week on a high

Market sentiment seemed to reflect the improved relations, as the HSI opened 1.9% higher than the previous closing level of 26,983.18.

This is the index’s biggest intraday rally in two months, as it managed to break through the 27,000 ceiling. It also hit a one-month high of 27,497.20.

Yet again, the last day of the business week is proving to be the index’s strongest day by far. The HSI also finished the week ending 06 December on a high.

Between Monday and Wednesday, the Hang Seng was drifting sideways around the 26,450 mark, before growing anticipation surrounding the US-China deal, as well as the US Federal Reserve’s decision not to raise interest rates, gave it a boost on Thursday.

On the individual stock front, Tencent Holdings Limited achieved its highest intraday level since August. It hit HK$360 per share as at 9.35AM this Friday morning.

Rival Alibaba Group Holding Limited (Hong Kong) also reached its highest share price since the day after its debut, with HK$202.80.

IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

Please see important Research Disclaimer.

Take a position on indices

Deal on the world’s major stock indices today.

  • Trade the lowest Wall Street spreads on the market
  • 1-point spread on the FTSE 100 and Germany 40
  • The only provider to offer 24-hour pricing

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.


Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.

The Momentum Report

Get the week’s momentum report sent directly to your inbox every Monday for FREE. The Week Ahead gives you a full calendar of upcoming key events to monitor in the coming week, as well as commentary and insight from our expert analysts on the major indices to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.