Market Updates
China and Hong Kong Indexes Trim Weekly Gains After Volatile and Down Week
Li Chen
21 Mar, 2025
Hong Kong
Stock market indexes in China and Hong Kong took a breather and extended weekly losses amid growing caution about future gains.
The Hang Seng index dropped as much as 2.8%, and the mainland-focused CSI 300 index decreased nearly 2%, and benchmark indexes are set to close down after surging for two consecutive months.
The lack of concrete steps to implement previously announced fiscal measures weighed on the market this week. and investors worried that the recent run-up in tech stocks may have been overdone.
The Hang Seng index decreased 2% after a week of trading, and the index trimmed this year's gains to 21% from as high as 27%.
Investors have been on the defensive as the U.S. is set to announce its next round of tariffs on goods from China, Japan, India, the European Union, and South Korea.
Moreover, investors are worried that retail sales and property prices are likely to take another hit in the first half amid a lack of specific steps to revive consumer confidence and measures to increase property transactions.
China Indexes and Stocks
The mainland-focused CSI 300 index declined 1.5% to 3,913.39, and the Hang Seng index dropped 2.3% to 23,668.92.
CK Hutchison Holdings dropped 3.7% to HK $43.20, and the company reported a 27% decline in annual profit in 2024.
CK Asset Holdings declined 6.7% to HK $31.40, and the company reported a 21% decline in annual profit in 2024.
Henderson Land Development decreased 2.2% to HK $22.50.
Annual Returns
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Earnings
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