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South China Morning Post
39 minutes ago
- South China Morning Post
Hong Kong stocks waver as traders focus on US tariff threats, ignore China trade data
Hong Kong stocks fluctuated on Monday as traders weighed renewed US tariff threats against better-than-expected China trade data. Advertisement The Hang Seng Index traded fell 0.2 per cent to 24,101.97 as of 11.05am local time after rising as much as 0.3 per cent. The Hang Seng Tech Index eased 0.1 per cent. On the mainland, the Shanghai Composite Index advanced 0.4 per cent, while the CSI 300 Index added 0.2 per cent. Search-engine operator Baidu slumped 3.4 per cent to HK$83.55, while e-commerce giant slid 1.8 per cent to HK$121.20 and online travel platform eased 0.4 per cent to HK$486.40. Trimming the losses were electric-car maker Li Auto, which gained 3.3 per cent to HK$112.10, while coal miner Zijin Mining Group advanced 1.3 per cent to HK$20.25 and China Shenhua Energy added 4.4 per cent to HK$32.35. US President Donald Trump on Friday proposed raising baseline tariffs on imports to 15 to 20 per cent, and later threatened 30 per cent duties on goods from the European Union and Mexico from August 1, despite ongoing talks. That dragged both futures for S&P 500 Index and Nasdaq fell 0.4 per cent.
South China Morning Post
an hour ago
- South China Morning Post
China's exports accelerate in June as US trade truce creates opening
China's exports registered a sizeable acceleration in June as exporters took advantage of the 90-day tariff truce to speed up their shipments, beating market forecasts. The world's top merchandise exporter saw its outbound shipments rise by 5.8 per cent year on year to reach US$325.2 billion in June, according to customs data released on Monday. The figure follows a reported 4.8 per cent rise in May and eclipses the 3.6 per cent increase forecast in a market survey from Chinese financial data provider Wind. More to follow... Advertisement
South China Morning Post
2 hours ago
- South China Morning Post
Hong Kong stocks waver as traders focus on US tariff threats, ignore China trade data
Hong Kong stocks fluctuated on Monday as traders weighed renewed US tariff threats against better-than-expected China trade data. The Hang Seng Index rose 0.1 per cent to 24,148.71 as of 10.05am local time after dropping as much as 0.2 per cent. The Hang Seng Tech Index fell 0.1 per cent. On the mainland, the Shanghai Composite Index advanced 0.3 per cent, while the CSI 300 Index was little changed. Electric-car maker Li Auto gained 2.8 per cent to HK$111.90, while coal miner Zijin Mining Group advanced 3.3 per cent to HK$20.65 and China Shenhua Energy added 4.2 per cent to HK$32.20. The laggards included search-engine operator Baidu, which slumped 3.1 per cent to HK$83.85, while e-commerce leader slid 1.5 per cent to HK$121.40 and online travel platform eased 1.4 per cent to HK$481.20. US President Donald Trump on Friday proposed raising baseline tariffs on imports to 15 to 20 per cent, and later threatened 30 per cent duties on goods from the European Union and Mexico from August 1, despite ongoing talks. China's exports in yuan terms rose 7.2 per cent year on year from January to June, official data released on Monday morning showed, beating a 5 per cent increase forecast by Bloomberg, as exporters took advantage of a 90-day tariff truce to speed up their shipments. The figure follows a 4.8 per cent growth in May.
