Market Updates
Investors Sentiment In Shanghai and Hong Kong Waver After China and Asia Tariffs Kick In
Li Chen
09 Apr, 2025
Hong Kong
Stocks resumed their slide on Wednesday after trade tensions rose to a new high between the U.S. and China.
The Hang Seng index rebounded from a loss of 1%, and the mainland-focused CSI 300 index advanced nearly 1% as investors overlooked rising trade tensions.
Asian markets declined after U.S. tariffs went into effect at noon in Hong Kong, and the U.S. imposed an additional 50% tariff on Chinese goods, totaling 104%.
The 24% tariffs on Japan, 46% on Vietnam, and 49% on Cambodia, in addition to 10% base tariffs, went into effect also this afternoon.
In overnight trading, Wall Street indexes fell between 2% and 3% after the U.S. announced new tariffs on China and exchanged barbs as both trading partners struggle to find a common ground.
China Indexes and Stocks
The Hang Seng index decreased 0.3% to 19,996.08, and the mainland-focused CSI 300 index rose 0.7% to 3,677.87.
BYD decreased 1.1% to HK$ 326.20, Li Auto fell 1.7% to HK$ 79.85, and XPeng declined 1.2% to HK$ 66.50.
Zhejiang Tion Vanly Technology soared 250% to 34.72 yuan after the company's stock began trading on the Shanghai Stock Exchange.
The automotive structural parts maker sold 85.1 million shares at 13.30 yuan per share.
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