Hong Kong stocks closed lower on their last day of trading of 2025, capping off the year with some of the best yearly performance since 2017.
The Hang Seng Index ended Wednesday's half-day holiday session 224.06 points, or 0.9% lower, at 25,630.54, while the Hang Seng Tech Index fell 62.4 points, or 1.1%, to finish at 5515.98.
The Hang Seng Index rose 28% in 2025, thanks in part to the resilience of the Chinese economy and a tech rally that caught global markets by storm.
Investors are increasingly betting that the rally could extend into 2026, buoyed by Beijing's plan to continue fiscal expansion and monetary easing in the new year alongside hopes for multiple U.S. Federal Reserve rate cuts.
In corporate news, six companies filed to go public in Hong Kong.
Among the hopefuls was Chinese artificial intelligence firm MiniMax Group (HKG:0100), which looks to raise as much as HK$4.19 billion.
Hong Kong financial markets will be closed tomorrow for the New Year holiday and will reopen on Friday, Jan. 2.