Hong Kong Indexes Wavered, China Exports and Trade Surplus Widened

Li Chen
14 Jul, 2025
Hong Kong

Stocks in China and Hong Kong fluctuated as investors focused on new U.S. tariff threats and overlooked exports data. 

The Hang Seng index edged up 0.1%, and the mainland-focused CSI 300 index increased 0.2% amid new U.S. threats of higher baseline tariffs.

The U.S. president announced a new baseline tariff for all trading partners between 15% and 20% and an additional duty of as much as 35% on select trading partners. 

The Trump administration has kept its highest tariff rates totaling as much as 50% for China, as the world's largest economy hopes to lower its trade deficit. 

 

China's Exports and Trade Surplus Expanded in June

Despite the Trump administration's efforts to stem the rising flow of goods from Chinese makers, China's exports accelerated in June. 

The exports surged 5.8% to $325.2 billion, imports advanced 1.1% to $210.4 billion, driving the trade surplus higher by 14% to $114.8 billion, the National Bureau of Statistics reported Monday. 

Exports in June accelerated from a 4.8% annual increase in the previous month. 

China's trade surplus widened to $114.8 billion from $98.9 billion a year ago, and the trade surplus with the U.S. expanded to $26.6 billion from $18 billion in May. 

Over the first half, despite the brewing trade tensions with the U.S., China's exports have increased 5.9% to $1.8 trillion and imports contracted 3.9% to $1.2 trillion.

In the six-month period to June, China's trade surplus widened to $586 billion, driven by a surge in exports of electric vehicles, electronic goods, and household appliances. 

 

China Indexes and Stocks 

The Hang Seng Index increased 0.1% to 24,166.03, and the mainland-focused CSI 300 index edged up 0.2% to 4,023.75. 

Internet platform operators and property stocks dominated trading. 

Alibaba Group Holding rose 1.3% to HK $106.60, Meituan edged up 0.6% to HK $120.70, and Tencent Holding increased 0.5% to HK $498.80. 

China Vanke declined 0.5% to HK $5.30, Longfor Group Holdings gained 0.4% to HK $10.46, and Sun Hung Kai Properties fell 0.9% to HK $89.0.