Hong Kong stocks hold steady as investors await signals from Trump-Xi call
The conversation on Friday could sway sentiment on tariffs, technology supply chains and TikTok’s future in the US
The Hang Seng Index was little changed, closing at 26,545.10 and securing a 0.6 per cent gain for the week. The Hang Seng Tech Index advanced 0.4 per cent. On the mainland, the CSI 300 Index gained 0.1 per cent, while the Shanghai Composite Index lost 0.3 per cent.
E-commerce company JD.com advanced 3.4 per cent to HK$138.80, and peer Alibaba Group Holding gained 0.4 per cent to HK$159.10. Sportswear producer Anta Sports Products rose 2.7 per cent to HK$96.80, and online travel-booking agency Trip.com added 1.3 per cent to HK$606.50. Casino operator Sands China rallied 6.2 per cent to HK$21.60, while peer Galaxy Entertainment jumped 4.2 per cent to HK$42.46.
Limiting gains, online-game provider NetEase slumped 1.5 per cent to HK$236.80, and electric-vehicle carmaker Li Auto slid 1.1 per cent to HK$100.70. Pharmaceutical firm Wuxi AppTech dropped 1.3 per cent to HK$110.30, while search-engine giant Baidu slipped 1 per cent to HK$131.50.