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South China Morning Post
3 days ago
- Business
- South China Morning Post
Hong Kong stocks kick off trading on a strong note after US-EU trade deal
Hong Kong stocks started the week on a solid note after the US and the European Union (EU) agreed on a trade deal with a lower-than-expected tariff rate that could prevent the global economy from slipping into a recession. The Hang Seng Index rose 0.6 per cent to 25,533.23 at 10.07am local time, while the Hang Seng Tech Index dropped 0.1 per cent. On the mainland, the CSI 300 Index and the Shanghai Composite Index both climbed 0.2 per cent. China Life Insurance rallied 5.9 per cent to HK$24.10 and New Oriental Education & Technology rallied 3.9 per cent to HK$37.30. Ping An Insurance Group added 2.6 per cent to HK$56.10. The framework trade deal between the US and the EU included a 15 per cent tariff on European goods entering the US and significant EU purchases of American energy and military equipment, according to President Donald Trump. The US also struck a trade agreement with Japan last week, which triggered a rally in global equities amid fading fears of a trade war. Traders were gearing up for an eventful week: a third round of trade talks between China and the US are underway in Sweden. In addition, the US Federal Reserve will unveil its decision on interest rates and bellwether companies including HSBC Holdings are due to release first-half earnings reports.
South China Morning Post
11-07-2025
- Business
- South China Morning Post
Hong Kong stocks head for weekly gain on earnings optimism; Wuxi AppTec rallies
Hong Kong stocks advanced on Friday, putting the city's benchmark on track for a weekly gain on expectations for improved earnings in some industries and additional policy support from Beijing to support growth. The Hang Seng Index rose 1.4 per cent to 24,355.75 at 10.03am local time and the Hang Seng Tech Index gained 1.2 per cent. On the mainland, the CSI 300 Index climbed 0.6 per cent and the Shanghai Composite Index added 0.5 per cent. Wuxi AppTec jumped 8.7 per cent to HK$86.75 after saying its first-half profit likely more than doubled from a year earlier. Affiliate Wuxi Biologics surged 3.5 per cent to HK$26.60. Alibaba Group Holding, owner of the Post, added 1.7 per cent to HK$105 and Tencent Holdings gained 0.9 per cent to HK$501. The Hang Seng Index has risen 1.7 per cent this week, approaching a one-week high, as investors moved on from tariff news even after US President Donald Trump unveiled levies on a slew of key trading partners. Sentiment also got a lift ahead of a Politburo meeting scheduled for later this month, with recent data showing that entrenched deflation raised expectations about more robust stimulus measures. Other major Asia-Pacific markets were mixed: Japan's Nikkei 225 was little changed, South Korea's Kospi rose 0.3 per cent and Australia's S&P/ASX 200 lost 0.1 per cent.
Bloomberg
10-07-2025
- Business
- Bloomberg
Chinese Stocks Narrow Gap With Hong Kong as Policy Bets Grow
After lagging Hong Kong stocks by the most since 2008, Chinese equities are showing signs of catching up as valuations and optimism over policy support rekindle investor interest. The onshore market had lacked momentum for months, while shares in Hong Kong rallied on the back of technology and new consumer themes. A nascent reversal is taking place in July, as investors bet on positive policy messaging from the Politburo meeting and more action following Beijing's campaign to curb aggressive price competition in key industries.
South China Morning Post
10-07-2025
- Business
- South China Morning Post
Hong Kong stocks waver as investors await details on policy support from Beijing
Hong Kong stocks fluctuated between gains and losses on Thursday as investors awaited signals on additional policy support from Beijing after China's deflation deepened and the end of the 90-day tariff ceasefire with the US gets closer. Advertisement The Hang Seng Index fell less than 0.1 per cent to 23,887 as of 10.05am local time, while the Hang Seng Tech Index dropped 0.4 per cent. On the mainland, the CSI 300 Index climbed 0.2 per cent and the Shanghai Composite Index added 0.3 per cent. Sunny Optical Technology advanced 3.9 per cent to HK$73.85 and BYD climbed 3.7 per cent to HK$33.35. China Resources Land rose 2 per cent to HK$29.25 and China Overseas Land and Development gained 1.9 per cent to HK$13.52. On the downside, slipped 2.4 per cent to HK$122.30 on concerns about stiffer competition in the e-commerce industry. Investors were looking ahead to a Politburo meeting later this month for clues on how top leaders might reverse a deflationary trend that has persisted for nearly three years and address excessive supply in some industries battered by 'involution.' China and the US could engage in a new round of tariff talks next month after the ceasefire ends in early August. After applying a 25 per cent tariff rate on Japan and South Korea, US President Donald Trump said on social media that he would impose a 50 per cent rate on Brazil. Advertisement Other major Asian markets were mixed: Japan's Nikkei 225 slipped 0.5 per cent, South Korea's Kospi rose 0.7 per cent and Australia's S&P/ASX 200 added 0.5 per cent.
South China Morning Post
09-07-2025
- Business
- South China Morning Post
Hong Kong stocks fall on worries about China's deflationary pressure
Hong Kong stocks fell by the most in nearly three weeks as China's deflationary trend became more entrenched, deepening concerns about the nation's growth prospects. The Hang Seng Index dropped 0.8 per cent to 23,943.42 at 10.13am local time on Wednesday and the Hang Seng Tech Index retreated 1.3 per cent. On the mainland, the CSI 300 Index climbed 0.2 per cent and the Shanghai Composite Index added 0.3 per cent. Henderson Land Development slumped 8.3 per cent to HK$26 after raising HK$8 billion (US$1 billion) from the sale of convertible bonds. Other Hong Kong-based property developers also fell: Hang Lung Properties slid 4 per cent to HK$7.38 and Sun Hung Kai Properties sank 3.6 per cent to HK$89.25. Producer prices on the mainland dropped by 3.6 per cent from a year earlier in June, marking the 33rd straight month of declines, the National Bureau of Statistics said on Wednesday. Consumer prices unexpectedly rose by 0.1 per cent Five companies started trading in Hong Kong. Wuhan Dazhong Dental Medical jumped 17 per cent to HK$23.30, Fortior Technology surged 8.5 per cent to HK$130.80 and Apple supplier Lens Technology added 2 per cent to HK$18.54. Beijing Geekplus Technology fell 2 per cent to HK$16.46 and Beijing Xunzhong Communication lost 0.4 per cent to HK$13.50. Other major Asia-Pacific markets were mixed. Japan's Nikkei 225 slipped 0.1 per cent, Australia's S&P/ASX 200 lost 0.3 per cent and South Korea's Kospi rose 0.5 per cent.
