Market Updates
China Stocks Trade In Tight Range Amid Lack of Investor Enthusiasm
Li Chen
22 May, 2025
Hong Kong
Stock market indexes in China and Hong Kong meandered amid a lack of imminent catalysts as investors shifted their focus to corporate earnings and the economy's health.
The Hang Seng Index declined by 0.6%, while the CSI 300 index increased by 0.3%, as investors debated the mixed economic updates from April that were released earlier this week.
China's new home prices continued to soften for nearly two years, despite a raft of measures by the central bank and policymakers.
In addition, retail sales growth was weaker than expected as consumers avoided making large-item purchases amid weakening confidence and a dire job market outlook.
Market participants remained amid a batch of mixed earnings, and the weakening domestic economic backdrop and uncertain U.S. trade policy added to investor caution.
China Indexes and Stocks
The Hang Seng Index decreased 0.6% to 23,695.88, and the mainland-focused CSI 300 index edged up 0.2%.
Baidu Inc. declined 3.3% to HK $83.30, and the search engine operator reported strong quarterly results, but the company's advertising revenue outlook fell short of some investors' expectations.
Revenue in the March quarter increased 3% to 32 billion yuan, and profit jumped 42% to 7.7 billion yuan, driven by a surge in its robotaxi and artificial intelligence-driven cloud service businesses.
Annual Returns
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Earnings
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