China, Hong Kong stocks weaken as auto shares, Apple suppliers weigh
HONG KONG, - China and Hong Kong stocks retreated on Monday, with automobile and Apple suppliers leading the decline.
** At the midday break, the Shanghai Composite index was down 0.3% at 3,338.42 points. China's blue-chip CSI300 index was down 0.7%.
** In Hong Kong, the benchmark Hang Seng Index was down 1% at 23,366.06. The Chinese H-share index listed in Hong Kong, the Hang Seng China Enterprises Index fell 1.3% to 8,474.69.
** Apple supplier stocks lost ground after U.S. President Donald Trump threatened tariffs on imported iPhones.
** iPhone assembler Luxshare and mobile screen maker Lens Tech both lost 1.3%. Airpod maker Goertek declined 0.7%.
** Car-makers also slipped, weighing on both onshore and offshore markets. The CSI All Share Automobiles Index lost 2.8% to near a one-week low, while the Hang Seng Automobile Index in Hong Kong tumbled 4.6%.
** "Sentiment has been weakening without significant fresh inflow and specific themes to trade on, analysts at China Securities said in a note.
** However, China's yuan has strengthened past the 7.17 level after the central bank tightened the midpoint fixing, and analysts say the strengthening trend of the currency should lend support to the nation's stocks.
** "We estimate every 1% of RMB increase versus the USD could boost Chinese equities by 3%," Goldman Sachs' China equity strategist Kinger Lau wrote in a note.
** Sectors such as consumer discretionary, property, and brokers typically outperform when the yuan appreciates, he added.
This article was generated from an automated news agency feed without modifications to text.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
14 minutes ago
- Time of India
Apple challenges 'unreasonable' EU order to open up to rivals
By Foo Yun Chee Apple has submitted a legal challenge to an EU order to open up its closed ecosystem to rivals such as Meta and Alphabet's Google, saying the demands are unreasonable and hamper innovation. The European Commission had in March detailed how Apple must comply with the Digital Markets Act, which aims to rein in the power of Big Tech. Apple said the EU's interoperability requirements create "a process that is unreasonable, costly, and stifles innovation". "These requirements will also hand data-hungry companies sensitive information, which poses massive privacy and security risks to our EU users," it said in a statement. "These deeply flawed rules that only target Apple - and no other company - will severely limit our ability to deliver innovative products and features to Europe, leading to an inferior user experience for our European customers." Meta, Google, Spotify and Garmin are among companies that have requested access to Apple users' data. The legal fight will likely take years to play out in court. Until then, Apple will have to comply with the EU order. The Commission ordered Apple to give rival makers of smartphones, headphones and virtual reality headsets access to its technology and mobile operating system so they can connect with Apple's iPhones and iPad tablets. It also set out a detailed process and timeline for Apple to respond to interoperability requests from app developers.
Deccan Herald
17 minutes ago
- Deccan Herald
Want to skip China tariffs? Talk to your bank
The trade talks between the two governments are 'a bit stalled,' according to Treasury Secretary Scott Bessent. Meanwhile, new tensions have emerged over the administration's decision to start revoking Chinese student visas and introduce new restrictions on the sales of chip design software.
NDTV
18 minutes ago
- NDTV
What Can International Students Do To Adapt To Pause On Student Visas
We're seeing a sharper focus on strategic planning: choosing intakes with better visa processing timelines, diversifying destination options, and pre-aligning career goals with immigration frameworks. It's no longer just about studying abroad; it's about where you'll grow professionally and personally over the next 10 years. NDTV's Ambika Singh speaks to Akshay Chaturvedi, Founder & CEO of Leverage Edu, about recent changes in the F-1 visa application process, new restrictions, and the latest trends in US university admissions for international students, including trends in STEM courses. Here is the full interview: Have there been recent changes in the F-1 visa application process or approval rates for Indian students? There's been increased scrutiny, but not systemic denial. Approval rates have dipped slightly, especially in Tier 2/3 cities. Students who articulate their intent well and show career alignment are still seeing success. It's a signal for deeper prep, not deterrence. Are there new restrictions or regulations affecting post-graduation work opportunities under OPT and H-1B pathways? There's more noise than change. The core OPT framework remains intact, but the ecosystem around it is being recalibrated. Expect tighter compliance, not closures. H-1B is seeing reform debates too, but Indian talent continues to drive value, and policy will eventually reflect that. How are US universities adapting to visa policy changes to support international students? Universities are stepping up with faster I-20 issuance, more transparent communication, and expanded career services. International students are critical to their sustainability now, especially amidst budget cuts. Expect more targeted outreach and support systems going forward. How do F-1 visa changes compare to other visa regulations? The US still offers a powerful mix of academic excellence and work pathways, but countries like Germany, Ireland, and the UAE are gaining edge with friendlier, more predictable policies. Students are actively taking immigration frameworks into consideration while planning for the long-term. What are the latest trends in US university admissions for international students? Data science, AI, engineering management, and public health programs are seeing a marked rise in interest, driven by their alignment with global workforce trends. These fields offer students the opportunity to tackle real-world challenges, with relevance and impact playing as critical a role as employability in shaping their appeal. How competitive is the application process compared to previous years? The bar is higher but so is the access to information. Students today are more prepared, more strategic, and better guided. What we're witnessing is not competition fatigue, but clarity in ambition. What financial aid or scholarship opportunities are available for Indian applicants in 2025? Universities are increasing aid for qualified international students to keep their cohorts diverse. From STEM-focused merit scholarships to fully funded PhD offers, the window is widening. Students must take initiative early, plan ahead, and craft applications that speak directly to each opportunity. Are there alternative pathways to studying in the US, such as community colleges or transfer programmes? Absolutely. Community colleges and 2+2 pathways are gaining real traction, especially for those seeking affordability without compromising on eventual university brand. Are STEM courses still the most preferred for Indian students, or are new trends emerging? STEM dominates, but new verticals like AI ethics, climate tech, digital health, and design-led entrepreneurship are rising. Students are not falling for what's hot, they're carefully choosing what aligns best with their future. How does Leverage Edu assist applicants in navigating these challenges and optimizing admission chances? At Leverage Edu, we operate as a full-stack lifecycle partner: from discovery to visa, accommodation to careers. Our AI tools and mentorship network empower students to make data-backed, purpose-driven decisions. In a complex global environment, clarity is the real currency and we help unlock that.
