Market Updates
China Indexes Extended Weekly Gains Led by EV Makers and Tech Stocks
Li Chen
18 Jul, 2025
Hong Kong
China stocks extended weekly gains amid improving market sentiment, and investors overlooked trade tensions.
The Hang Seng index edged up 0.8%, and the mainland-focused CSI 300 index advanced 0.7%, tracking gains in overnight trading in New York.
Investors shifted their focus to corporate results, and leading technology and electric vehicle makers led the gainers amid expectations of improved earnings.
For the week, the CSI 300 index gained 0.8%, and the Hang Seng index advanced 2.4% to a three-month high.
In New York, the S&P 500 index gained 0.5%, and the Nasdaq Composite advanced 0.7%, following strong earnings and robust economic data.
The jobless claims dropped for the fifth week in a row and eased to the level last seen in April, and retail and food services sales advanced, confirming resilient consumer spending.
For now, the U.S. tariff-related price hikes are not impacting consumer spending and labor market conditions.
China Indexes and Stocks
The Hang Seng index advanced 0.8% to 24,676.64, and the mainland-focused CSI 300 index added 0.7% to 4,053.39.
Li Auto Inc. decreased 1.7% to HK $122.0, Xpeng gained 0.5% to HK $71.45, and Xiaomi Corp. added 0.3% to HK $56.35.
Alibaba Group Holding Ltd. increased 2.2% to HK $115.0, Tencent Holdings Ltd. edged up 0.6% to HK $520.0, and Meituan advanced 1.4% to $127.20.
Annual Returns
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Earnings
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