Market Updates
China and Kong Kong Indexes Struggle Ahead of Next Round of U.S. Tariffs
Li Chen
24 Mar, 2025
Hong Kong
Stocks in China and Hong Kong lacked direction after indexes recorded large losses in the previous week.
The Hang Seng index decreased 0.3%, and the mainland-focused CSI 300 index edged up a fraction.
Investors have been in a wait-and-see mode, and policymakers take their time in announcing implementation plans for the previously announced fiscal measures.
Moreover, investors are awaiting the next round of U.S. tariffs, which are likely to expand to include petroleum refineries, banks, electric vehicle makers, and advanced electronics companies.
China Indexes and Stocks
The Hang Seng index decreased 0.3% to 23,618.17, and the mainland-focused CSI 300 index edged up 0.1% to 3,914.94.
Xiaomi Corp. rose 3.1% to HK $56.40, and the smartphone and electric vehicle revised higher its vehicle sales outlook by 16%.
CK Hutchison Holdings Ltd. gained 4% to HK $45.0, and the global ports faced pressure from the central government after the company agreed to sell its assets in Panama.
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