Hong Kong stocks surge on optimism over US-China trade talks

Hong Kong stocks rallied on Monday, rebounding from Friday’s steepest loss since April as US-China trade tensions showed signs of easing.

The Hang Seng Index rose 2.1 per cent to 25,759.2 as of 10am. The Hang Seng Tech Index surged 3 per cent.

On the mainland, the CSI 300 Index rose 0.7 per cent and the Shanghai Composite Index rose 0.6 per cent.

NetEase jumped 5.2 per cent to HK$235.40, insurance giant AIA Group added 4.8 per cent to HK$72.35 and tech giant Alibaba Group Holding gained 4.2 per cent to HK$160.80.

On the negative side, Chinese drug maker Hansoh Pharmaceutical fell 1.8 per cent to HK$35.84 and Chinese real estate developer Longfor Group Holdings lost 1 per cent to HK$10.30.

The surge on Monday followed a battering week amid renewed China-US tensions and weak economic data showing a persistent deflationary trend. The Hang Seng Index tumbled 2.5 per cent on Friday, the steepest decline since a 13 per cent plunge on April 7 sparked by US President Donald Trump’s “Liberation Day” global tariffs. The drop stretched the loss to 4 per cent for the week.

Source link

Visited 2 times, 2 visit(s) today

Related Article

Cargo Plane Skids Off Hong Kong Runway Into Sea, Two Killed

Cargo Plane Skids Off Hong Kong Runway Into Sea, Two Killed

A cargo aircraft skidded off the runway while landing in Hong Kong on Monday and killed two people on the ground before plunging into the sea, media reported. Newsweek reached out to the airport operator and the police via email on Sunday for comment. What To Know The Boeing 747 freighter failed to stop as it

20 October 2025
Hong Kong exchange sees further growth ahead for record-setting ETF market

Hong Kong exchange sees further growth ahead for record-setting ETF market

Average daily turnover in ETFs doubled to a record HK$37.8 billion (US$4.8 billion) in the first nine months, as the exchange’s 225 ETFs drew an increasing number of investors from mainland China, Asia, the Middle East and Europe. ETFs are listed index funds that track the performance of stocks or bonds, often providing investors with

20 October 2025
2 dead after Emirates plane slides off Hong Kong runway, apparently hits ground vehicle

2 dead after Emirates plane slides off Hong Kong runway, apparently hits ground vehicle

This live blog has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. Two people were killed after a cargo plane slid off the north runway of Hong Kong International Airport early on Monday morning, apparently striking a ground vehicle and plunging almost entirely into the

20 October 2025
A general view of the Victoria Harbour is seen in Hong Kong. (AP)

Saudi vision, Hong Kong talent: a blueprint for the digital century

Saudi vision, Hong Kong talent: a blueprint for the digital century A general view of the Victoria Harbour is seen in Hong Kong. (AP) For decades, the bedrock of global economic power was simple: It lay beneath the earth. Nations blessed with vast reserves of oil and gas held the keys to prosperity. But

19 October 2025
Typhoon Fengshen affects ferry services, cools temperatures in southeast China

Typhoon Fengshen affects ferry services, cools temperatures in southeast China

Southeast China’s Fujian Province has suspended passenger ferry services, while Guangdong Province has experienced a temperature drop due to storms from the approaching Typhoon Fengshen, the 24th typhoon of the year. According to the forecast of the Fujian Meteorological Observatory, influenced by both cold air and the outer area of Typhoon Fengshen, the province is

19 October 2025
Hong Kong Photo: VCG

US firms eye mainland opportunities via Hong Kong: finance secretary

Hong Kong Photo: VCG Chinese mainland companies’ leapfrog development in various scientific and technological fields has made many businesses in the US re-evaluate China’s innovation capability, with many of them hoping to explore the mainland and Asian markets for more opportunities through the Hong Kong Special Administrative Region (HKSAR), Paul Chan Mo-po, financial secretary of

19 October 2025
Chinese minister calls on shipping industry to fight US ‘protectionism’

Chinese minister calls on shipping industry to fight US ‘protectionism’

China’s Minister of Transport Liu Wei has called on shipping companies and port operators worldwide to promote free trade in a “concerted effort” to combat “protectionism” after the US administration slapped port fees on Chinese vessels. “All the companies dealing with shipping businesses should work together to promote a fair, just and open environment and

19 October 2025