China Stocks Lacked Direction as Investors Awaited Retail Sales and Fixed-Investment Data

Li Chen
12 Aug, 2025
Hong Kong

China and Hong Kong stocks wavered as investors remained focused on earnings results and economic data. 

The Hang Seng index edged up 0.1%, and the CSI 300 index advanced 0.5% in lackluster trading as the U.S. and China confirmed the extension of the trade tariff deadline.

The U.S. president extended the deadline by 90 days to November 10, citing progress in talks, but Chinese negotiators in Beijing confirmed that the two sides remain far apart. 

China is also bracing for an additional "punitive tariff" of 25% for its continued import of Russian oil, in addition to tariffs that average about 50% on goods shipments to the U.S. 

On the economic front, the National Bureau of Statistics is scheduled to release retail sales and fixed-asset investments on Friday. 

Both economic measures are likely to show a slight easing in activities amid persistent malaise in the property market, falling consumer confidence, and a weakening job market. 

In addition, investors are awaiting the release of earnings from Tencent Holdings, NetEase Inc., and JD.com later in the week.

 

China Indexes and Stocks 

The Hang Seng index edged up 0.1% to 24,911.45, and the CSI 300 index gained 0.5% to 4,143.85. 

Tencent Holdings Ltd decreased 0.3% to HK $559.50, NetEase Inc edged up 0.6% to HK $203.80, and JD.com added 0.2% to HK $122.50. 

Zijin Mining Group advanced 0.5% to HK $22.96 after the U.S. president said that gold bullion imports will not attract import taxes. 

 Nongfu Spring Company Ltd. added 1.5% to HK $47.20, BYD Electronic International gained 1.4% to HK $40.02, and Zhongsheng Group Holdings Ltd. added 5.5% to HK $14.48.