周二，恒生指数飙升215点，涨幅1.1%，收于20098点，在各行业稳步上涨的情况下，连续第二个交易日达到一周多来的最高点。据报道，中国计划在2025年发行创纪录的3万亿元人民币特别国债以促进经济复苏，投资者纷纷涌向风险较高的资产。从这些债券中筹集的资金将用于消费补贴、商业设备升级以及对关键技术和先进制造业的投资。周一，华尔街的积极领先也提振了市场情绪，同时有报道称美国当选总统特朗普反对TikTok离开美国。与此同时，一家中国官方媒体表示，外国机构对2025年中国股市持乐观态度，预计经济将逐步稳定。表现突出的包括东方海外（7.3%）、比亚迪电子国际（5.7%）、SITC国际（5.0%）和Miniso集团（4.7%）。经过两天的圣诞假期后，市场将于周五恢复交易。

The Hang Seng soared 215 points or 1.1% to end at 20,098 on Tuesday, up for the second session to reach its highest in over a week amid solid gains across sectors. Investors flocked to riskier assets after China reportedly plans to sell a record CNY 3 trillion of special treasury bonds in 2025 to boost an economic upturn. Funds raised from the bonds will be used for consumption subsidies, business equipment upgrades, and investments in key tech and advanced manufacturing. A positive lead from Wall Street Monday also boosted sentiment, along with reports of US President-elect Trump opposing TikTok's departure from the US. Meanwhile, a Chinese state media outlet said that foreign institutions hold a positive outlook for China's stocks in 2025, anticipating a gradual stabilization of the economy. Notable performers included Orient Overseas (7.3%), BYD Electronic Intl. (5.7%), SITC Intl. (5.0%), and Miniso Group (4.7%). Markets will resume trading Friday after a two-day Christmas break.

美元兑港元跌至8周低点7.77。过去4周，美元香港下跌0.18%，过去12个月下跌0.55%。

USDHKD decreased to an 8-week low of 7.77. Over the past 4 weeks, US Dollar Hong Kong Dollar lost 0.18%, and in the last 12 months, it decreased 0.55%.

香港股市在周二早盘交易中上涨259点，至20143点，涨幅1.3%，这是其连续第二个交易日上涨。这一上涨是在美国科技股一夜之间提振华尔街的反弹之后出现的。恒生指数达到一周多来的最高水平，所有板块均上涨，因为内地市场扭转了前一交易日的跌幅。有报道称，美国当选总统特朗普在一次演讲中表示，他反对流行的社交媒体应用程序TikTok离开美国市场，此后投资者急切地增加了头寸。与此同时，中国官方媒体《环球时报》周一表示，随着经济逐渐稳定，外国机构对2025年中国资本市场仍持乐观态度。圣诞节假期前，今日交易日缩短，限制了进一步上涨。盘中涨幅最大的是比亚迪电子（5.3%）、小米（3.6%）、中国人民财产保险股份有限公司（3.2%）和华润置地（3.1%）。

The Hong Kong stock market surged 259 points or 1.3% to 20,143 during Tuesday morning trade, marking its second straight session of gains. This rise followed a rally in US tech shares that boosted Wall Street overnight. The Hang Seng reached its highest level in over a week, with gains across all sectors as mainland markets reversed losses from the previous session. Investors eagerly increased their positions following a report that US president-elect Trump stated in a speech that he opposes the idea of the popular social media app TikTok leaving the US market. Meanwhile, Chinese state media Global Times said Monday that foreign institutions remain upbeat about China's capital market in 2025, as the economy will stabilize gradually. Further gains were limited by the shortened trading day today, ahead of the Christmas holidays. Some biggest movers of the session were BYD Electronic Intl. (5.3%), Xiaomi Corp. (3.6%), PICC Property & Casualty (3.2%), and China Resources Land (3.1%).

恒生指数周一上涨162点，涨幅0.8%，收于19883点，结束了两个交易日的下跌，所有板块均上涨。由于11月温和的美国通胀重新引发了对美联储明年降息的押注，投资者在美国期货价格飙升的情况下增持头寸。在国内，香港的年通胀率连续第二个月稳定在1.4%，政府预计近期成本压力可控。与此同时，据报道，内地投资者通过沪港通增加了对香港风险资产的敞口。随着债券收益率下降，股息投资受到青睐，金融股飙升近2%，与内地同行持平。在中国央行将于周二就一年期中期贷款安排作出决定之前，假日周末的谨慎态度限制了涨幅。此前两个月，该安排一直保持在2%不变。大盘股涨幅较大的股票包括东方海外（6.2%）、新奥能源控股（2.8%）、半导体制造（2.8%）和恒生银行（2.5%）。

The Hang Seng climbed 162 points or 0.8% to close at 19,883 on Monday, halting a two-session decline with gains across all sectors. Investors increased their positions amid a jump in US futures, as mild US inflation in November reignited bets of a Fed rate cut next year. At home, Hong Kong's annual inflation held steady at 1.4% for the second month, with the government anticipating manageable cost pressures in the near term. Meanwhile, mainland investors reportedly added their exposure to risk assets in the city via the stock connect. Financials surged near 2%, tracking their mainland counterparts, as dividend plays gained favor amid falling bond yields. Gains were limited by holiday weekend caution ahead of the PBoC's upcoming decision on the one-year medium-term lending facility Tuesday after two months of keeping it unchanged at 2%. Notable big-cap gainers included Orient Overseas (6.2%), ENN Energy Holdings (2.8%), Semiconductor Manufacturing (2.8%), and Hang Seng Bank (2.5%).