Hong Kong Stocks Decline Amid Persistent US-China Tariff Concerns

Market Overview: Hong Kong Stocks Encounter Difficulties

Hong Kong stocks faced a downturn on Thursday, struggling with lingering sentiment related to US-China tariff discussions. The Hang Seng Index dipped by 0.3% to close at 22,003.90 as investors processed recent statements from US Treasury Secretary Scott Bessent, indicating that the White House was not considering unilateral tariff reductions.

Performance of Major Indices

• The Hang Seng Tech Index fell by 0.6%.
• Meanwhile, the CSI 300 Index saw a slight uptick of 0.4%.
• The Shanghai Composite Index rose by 0.3%.

Notable Stock Movements

In stock movements, the travel-booking platform Trip.com decreased by 1.1%, while JD.com fell by 1.6% to HK$130.30. Additionally, Meituan lost 2.2%, now priced at HK$131.00. On the upside, Shenzhou International Group gained 1.5%, highlighting the stock’s resilience amidst overall market hesitancy.

Global Context and Other Markets

Overnight, the S&P 500 Index in the US experienced a notable rise, closing 1.7% higher amid rising investor confidence in various sectors. Other regional markets exhibited mixed results, with Japan's Nikkei 225 adding 1% while Australia’s S&P/ASX 200 advanced by 0.5%. Conversely, South Korea’s Kospi experienced a minor decline of 0.5%.

In market debuts, Heilongjiang Tianyouwei Electronics surged by 39% to 129 yuan, and Giansun Precision Technology Group jumped an extraordinary 92% to 71 yuan, showcasing dynamic investor interest in selected sectors.