Hong Kong shares will have retail sales released on Wednesday to test the ongoing market rally.
HK50 – Weekly Chart
The HK50 is sizing up a move to the 28,000 level, and the coming data could help to secure that level. The next resistance level is not reached until the 29,135 mark.
The latest monthly retail sales data for Hong Kong’s economy will be released at 4:30 pm HKT on Wednesday. The August figures will be compared to last month’s 1.8% reading.
Caterers in the country are hopeful of a 20% boost due to the upcoming holiday season. Michael Leung Chun-wah, chairman of the Association for Hong Kong Catering Services Management, said around 4,000 restaurants had signed up to a 30 per cent discount for customers. That was the highest number in more than three years and could boost future retail readings as consumers are out celebrating.
“This year’s golden week is special as it lasts for eight days instead of seven, while it also overlaps with the Mid-Autumn Festival, so the celebrations are double,” he said.
Outside of the economy, the market for IPOs continues to show strength as Hong Kong widens its global lead. Funds raised from IPOs in Hong Kong jumped 220% in the first nine months of 2025.
Analysts have also predicted that the public offering market would continue to show strength into next year. A total of 66 companies have raised US$23.27 billion on the Hong Kong stock exchange during the first nine months, according to the London Stock Exchange Group (LSEG).
That put the city’s bourse well ahead of the New York Stock Exchange, which ranked second with US$16.53 billion, and the Nasdaq, in third, with US$15.32 billion, the data showed.
The HK 50 continues to rise, driven by sustained strength in global markets.
