China Markets THURS

Li Chen
17 Apr, 2025
Hong Kong

Stocks in China and Hong Kong advanced in the hopes of a progress in trade negotiations between China and the U.S.

The Hang Seng index increased 1.6% and the mainland-focused CSI 300 index eased 0.3% as investors speculated that the U.S. may pause tariffs on China's exports. 

Despite the positive sentiment in trading in Hong Kong, trade tensions between the U.S. and China showed no signs of easing. 

China has haled shipments of key rare earth minerals to the U.S. and asked domestic airlines to cancel orders for Boeing aircrafts and parts. 

The China's move comes after the Trump administration slapped additional tariffs on China's exports that could increase to as high as 245%. 

Market sentiment was on the rise after China's first quarter GDP growth at an annual pace of 5.4%, ahead of market expectations, and investors speculated that buyers will return to the property market amid stimulus measures. 

The Hang Seng index rebounded from the 2% decline in yesterday's trading, as China's small manufacturing companies look for ways to reorient supply chains amid constantly changing U.S. trade policy.   

 

China Indexes and Stocks 

The Hang Seng index advanced 1.6% to 21,400.58 and the mainland-focused CSI 300 index eased 0.0.3%. 

Alibaba Group Holding jumped 3% to HK $108.60, Tencent Holdings gained 2.6% to HK $459.60, and Meituan edged up 0.2% to HK $135.10.

HSBC Holdings plc advanced 1.1% to HK $80.40, Bank of China edged up 0.7% to HK $4.43, and China Construction Bank gained 1.3% to HK $6.63. 

BYD jumped 0.8% to HK $366.60, Li Auto Inc advanced 3.4% to HK $89.80, and Xpeng Inc jumped 2.3% to HK $$75.05.