Hong Kong equities extended their winning streak to a third consecutive day, riding on optimism around China's economic easing measures. The rally reflects investor appetite returning to the market as traders reassess the impact of mainland stimulus policies on regional asset prices.

What's driving the momentum? Market participants are increasingly factoring in expectations that Beijing will maintain supportive economic conditions, bolstering confidence in growth prospects. This sentiment shift has been crucial in lifting sentiment across Asia's financial hubs.

On the flip side, US economic data continues to command attention from global investors. Fresh readings on inflation, employment, and consumer activity shape expectations for Federal Reserve policy direction—a factor that indirectly influences capital flows into emerging markets and alternative assets like cryptocurrencies.

The interplay between China's policy trajectory and US macro trends remains a key watch point. When Wall Street data signals slower growth or rate-cut expectations, risk appetite typically strengthens, benefiting equities in Hong Kong and across the region. Conversely, hotter-than-expected US inflation could temper the rally.

For traders monitoring both traditional markets and crypto assets, this dynamic underscores why macro indicators matter. Hong Kong's three-day gain isn't just about the city's stocks—it's a barometer of how global monetary conditions are evolving and where capital might flow next.