By South China Morning Post | Created at 2025-03-27 03:16:56 | Updated at 2025-04-05 15:16:26
1 week ago
Hong Kong stocks rose on Thursday, as investors shrugged off tariffs on car imports by US President Donald Trump and heavy overnight losses on Wall Street.
The Hang Seng Index was up 0.5 per cent to 23,619.39 at 10am local time, extending gains for a second day. The Hang Seng Tech Index was practically unchanged at 5,575.57. On the mainland, the CSI 300 Index traded 0.2 per cent higher, while the Shanghai Composite Index eased 0.1 per cent.
Chinese electric-vehicle (EV) makers were mixed. Li Auto rose 1.9 per cent and BYD was up 0.9 per cent, while Xiaomi fell 2.2 per cent and Geely Auto traded 0.9 per cent lower.
CK Hutchison Holdings added 2.3 per cent after the Post reported that the Hong Kong government and the company were discussing “a reasonable way out” for sealing a controversial sale of its port assets that includes two Panama ports to a consortium led by US investment firm BlackRock.
Trump on Wednesday signed an order to slap a 25 per cent tariff on all cars not made in the US effective from April 2, saying “this will continue to spur growth”.
Three companies made their debut. In Shenzhen, Zhejiang Huaye Plastics Machinery, a maker of high-speed resistant screws, barrels and tie bars, surged more than 185 per cent to 59.51 yuan, while Zhejiang Huayuan Auto Technology, which makes car components, jumped 427 per cent to 26.01 yuan.
