Hong Kong stocks rebounded on Friday, spurred by an improved China inflation reading.

The Hang Seng Index rose 0.3%. while the Hang Seng Tech Index gained 0.2%.

In terms of star stocks, MiniMax soared 109% on debut; Knowledge Atlas rose 21%; Laopu Gold rose 6%; Kuaishou rose 4%; Bilibili, Alibaba, and JD.com rose 3%; while Mixue Group fell 4%; Meituan fell 3%; Baidu fell 2%; Li Auto, NetEase, NIO, and CATL fell 1%; Tencent fell 0.8%; Xiaomi fell 0.5%.

Official data on Friday showed that a 1.9% year-on-year decline in producer prices in December was narrower than the consensus estimate of a 2% drop, it represented a 39th straight month of contraction. Consumer prices rose 0.8%, the fastest pace since February 2023. For the whole of 2025, factory-gate prices fell 2.6% and consumer prices stayed unchanged.

The US is due to release the monthly non-farm payroll report later on Friday and more monthly China economic data will be published next week, testing investors’ appetite for risk assets.