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.
Trump and Xi are due to speak at 9am Washington time on Friday, or 9pm in Beijing. While expectations of any concrete agreements remain low, the conversation could sway sentiment on tariffs, technology supply chains and TikTok’s future in the US.
“Markets are treating it like waiting for a risk event release – not because the call itself will deliver hard outcomes, but because the tone may shape how algorithms and asset allocators lean into the weekend,” said Stephen Innes, managing partner at SPI Asset Management in Bangkok.