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.
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