China Indexes Jumped 1%, Evergrande Group to Delist HK Stock

Li Chen
13 Aug, 2025
Hong Kong

Stock market indexes in China and Hong Kong soared, tracking gains in New York amid hopes of a rate cut. 

The Hang Seng index jumped nearly 2%, and the CSI 300 index advanced 0.9% in the hopes that the cooler-than-expected inflation in the U.S. is likely to spur the Federal Reserve to lower rates at the next policy meeting in September. 

In overnight trading, the S&P 500 index and the tech-focused Nasdaq Composite closed at new record highs after the annual consumer price inflation in July was 2.7%, matching the rate in the previous month. 

The cooler-than-expected overall inflation showed early signs of the sharp escalation in U.S. tariffs, as retailers gradually passed over higher import duties to consumers.

Core inflation, which excludes energy and food prices, accelerated to 3.1%, confirming the building of underlying inflationary forces. 

Benchmark indexes in China and Hong Kong advanced in the hopes that a rate cut in the U.S. will spur more demand for stocks from foreign investors seeking higher returns in emerging markets. 

Investors are also awaiting the release of fixed-asset investments, unemployment rates, retail sales, and new home prices data on Friday. 

 

China Evergrande Group Plans to Delist Hong Kong Shares

The property market developers were in focus after China Evergrande Group received a delisting notice from the Hong Kong Stock Exchange. 

The company is scheduled to delist its stock on August 25, after the embattled real estate group failed to meet the listing requirements for more than 18 months. 

The company's stock was suspended from trading on January 29, 2024, and last traded at 16 Hong Kong cents.

 

China Indexes and Stocks

The Hang Seng index jumped 1.8% to 25,425.90, and the CSI 300 index edged up 0.9% to 4,179.77. 

Tencent Holdings Ltd increased 3.6% to HK $577.0, Alibaba Group Holding gained 4.4% to HK $121.80, and Meituan advanced 3.6% to HK $123.70.