Hong Kong stocks edged up 47 points, or 0.2%, to 25,949 in early trade at the start of November, attempting to recover from three consecutive sessions of losses, amid gains mainly from financial and property shares. A notable rise in U.S. futures supported sentiment after Wall Street’s weekly and monthly gains on Friday. Investors also welcomed remarks from the white House that China will lift export controls on rare earths and end probes into U.S. semiconductor firms as part of a new trade pact. Locally, Hong Kong’s economy grew 3.8% yoy in Q3, the fastest since late 2023, driven by strong domestic demand and solid exports, while retail sales rose 4.8% in September, the highest in nearly two years. However, upside momentum was limited after a private survey showed China’s factory activity growth eased from a six-month high in October, while official PMI data indicated the sharpest drop in six months. Early laggards included SMIC (-4.0%), Geely Auto (-3.7%), and Zijin Mining (-3.3%).