Hong Kong stocks closed flat on Monday as investor sentiment was cautious amid uncertainty over support measures from Beijing and the ongoing US-China trade war.
The Hang Seng Index closed fractionally lower at 21,971.96. The Hang Seng China Enterprises Index ended flat at 8,080.19.
Multiple Chinese agencies, during a joint press briefing on Monday, reiterated their commitment to providing fiscal support aimed at helping China achieve its economic growth target of around 5%, the SCMP reported.
Investors, however, are cautious over the absence of any concrete plans for the new stimulus measures or policy actions.
Sentiment remains on the fence over a lack of clarity on tariff talks between the US and China. US President Donald Trump previously claimed talks are underway, with Beijing denying such assertions.
In corporate news, Bright Smart Securities & Commodities Group's (HKG:1428) soared 82% as it resumed trading after Ant Group unit Wealthiness and Prosperity agreed to buy a 50.55% stake in the brokerage house.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。