Market Updates
China Deflation and Volatile U.S. Trade Policy Keep China Markets In Check
Li Chen
10 Jul, 2025
Hong Kong
China's stock market indexes fluctuated on Thursday as investors reviewed the latest inflation reports and awaited the progress on tariff negotiations.
The Hang Seng index edged up 0.1%, and the CSI 300 index decreased 0.3%, ahead of the fast-approaching deadline for the U.S. tariffs.
The producer and consumer inflation reports confirmed the persistent deflation trend for the last three years, and investors lowered economic growth expectations for the second half.
Moreover, the U.S. and China remain far from an agreement on the additional tariffs on Chinese goods.
The Trump administration is looking to impose at least 40% additional duty on Chinese goods and seeking duty-free access for agricultural exports from the U.S.
Chinese consumer and industrial goods makers are expanding overseas and seeking new markets in the ASEAN region, South America, and the Middle East.
The volatile and disruptive U.S. trade policy has pushed thousands of small and medium-sized businesses on the brink of closure.
China Indexes and Stocks
The Hang Seng Index increased 0.1% to 23,918.76, and the mainland-focused CSI 300 index decreased 0.3% to 4,003.32.
Sunny Optical Technology Group advanced 6.5% to HK $75.55, Baidu Inc. decreased 1.4% to HK $86.70, and Xiaomi Corp. fell 1% to HK $56.85.
Alibaba Group Holding fell 0.9% to HK $102.0, Meituan decreased 0.8% to HK $118.30, and Tencent Holdings eased 0.4% to HK $495.40.
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