China Indexes Lacked Direction Amid Skepticism About the US-China Trade Agreement

Li Chen
03 Nov, 2025
Hong Kong

Stocks in China lacked direction as domestic investors focused on stretched valuation and foreign investors focused on receding US-China trade tensions. 

The Hang Seng Index increased 0.5%, and the CSI 300 Index decreased 0.5% amid hopes that the mercurial U.S. president will not change his mind and fulfill the terms of the latest framework.

Despite the latest trade framework agreement, US-China trade relations are rocky, and tensions are likely to flare up amid constantly changing US trade policy and erratic Donald Trump. 

Benchmark indexes in China and Hong Kong registered losses in October amid worries about stretched valuations, slowing economic growth, and persistent weakness in the residential real estate market.

The Hang Seng Index dropped 4%, and the CSI 300 Index decreased 1.9% in the previous month, the first monthly decline since April, when the U.S. president launched a global trade war.

 

China Indexes and Stocks 

The Hang Seng Index gained 0.5% to 26,048.60, and the mainland-focused CSI 300 index decreased 0.5% to 4,619.67. 

Chow Tai Fook Jewellery Group Ltd. dropped 7.6% to HK $14.05, Zijin Mining Group decreased 3% to HK $31.24, and Zijin Gold International Co. Ltd. fell 1.5% to HK $129.50.  

Mininglamp Technology Group soared more than 100% to HK $286.0, and the company completed its initial public offering and listed its share on the Hong Kong Stock Exchange. 

The data intelligence application software company sold 7.16 million shares at a price of HK $141 per share and raised a net proceed of HK $902.2 million. 

Dynamiker Biotechnology Tianjin catapulted 500% to 102.53 yuan on the first day of its trading on the Beijing stock exchange.