Mixed Performance for Mainland China and Hong Kong Stocks

Mainland China stocks ended mostly flat, while Hong Kong tracked gains following dovish comments from Federal Reserve Chair Jerome Powell. Powell hinted at potential interest rate cuts, while China's central bank maintained its interest rate. Key indexes showed mixed results, with notable performances in big-cap ETFs.

Mainland China stocks closed mostly flat on Monday, with Hong Kong following gains seen in other regional markets. This comes after Federal Reserve Chair Jerome Powell's dovish comments on Friday.

Powell hinted at potential interest rate cuts, expressing concern over further cooling in the job market and confidence in achieving the central bank's 2% inflation target. Meanwhile, China's central bank maintained its interest rate while rolling over maturing medium-term loans, signaling potential further easing as economic struggles persist.

The Shanghai Composite index finished up 0.04% at 2,855.52 points, while the blue-chip CSI 300 index slipped 0.09%. Notably, the property sector rose 1.57%. In Hong Kong, the Hang Seng index gained 1.06%, with significant rises in energy, IT, and financial stocks.

(With inputs from agencies.)