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Business Recorder
09-07-2025
- Business
- Business Recorder
China stocks edge higher even as factory deflation deepens
SHANGHAI: Mainland China stocks edged up on Wednesday after US President Donald Trump said trade talks with Beijing were progressing well, but gains were limited by factory deflation as firms cut prices amid weak demand. Hong Kong shares inched lower. At the midday break, the Shanghai Composite index was up 0.3% at 3,507.69 points, while the blue-chip CSI300 index edged 0.32% higher. The smaller Shenzhen index was up 0.29%, the start-up board ChiNext Composite index traded 0.8% higher and Shanghai's tech-focused STAR50 index dipped 0.35%?. Trump on Tuesday said he would impose a 50% tariff on imported copper and soon introduce long-threatened levies on semiconductors and pharmaceuticals, broadening his trade war that has rattled markets worldwide. Trump also said trade talks have been going well with the European Union and China, though he added he is only days away from sending a tariff letter to the EU. 'We have had a really good relationship with China lately, and we're getting along with them very well. They've been very fair on our trade deal, honestly,' Trump said, adding that he has been speaking regularly with Chinese President Xi Jinping. 'It may boost market sentiment in the short term,' said Deng Lijun, analyst, Huajin Securities. 'The new wave of tariff increases did not involve China, and the United States had lifted export restrictions to China for chip design software developers and ethane, and Sino-US trade tensions have eased in the short term,' Deng said, adding that risk appetite for A-shares may rebound once Beijing and Washington reach a tariff deal. Meanwhile, China's producer deflation deepened to its worst level in almost two years in June as the economy grapples with uncertainty over a global trade war and subdued demand at home, piling pressure on policymakers to roll out more support measures. 'Combined with the persistently negative GDP deflator, deflation remains a concern,' said Lynn Song, chief economist for Greater China at ING. In Hong Kong, the benchmark Hang Seng Index was down 0.74% at 23,970.39 points, while the Hang Seng China Enterprises Index fell 0.76% to 8,642.44 points.
Mint
17-06-2025
- Business
- Mint
China, HK stocks end lower on Middle East tensions; annual financial forum in focus
SHANGHAI, - Mainland China and Hong Kong stocks ended lower on Tuesday, as sentiment was weighed down by fresh signs of Middle East tensions after U.S. President Donald Trump urged Iranians to evacuate Tehran. Israel and Iran attacked each other for a fifth straight day. Trump left the Group of Seven summit in Canada a day early due to the situation in the Middle East, the White House said on Monday, prompting broad risk-off sentiment in global financial markets. ** "One thing that is clear is that the situation continues to be highly uncertain and risks of escalation should not be ignored," analysts at Maybank said in a note. ** "Safe havens should continue to be better bid and the U.S. dollar should be better supported." ** At the close, the Shanghai Composite index was down 0.04% at 3,387.40, while the blue-chip CSI300 index was down 0.09% at 3,870.38. ** The smaller Shenzhen index ended down 0.12% and the start-up board ChiNext Composite index was weaker by 0.36%. ** Oil and gas shares were an outperformer, as the geopolitical tensions drove crude prices higher. A sub-index tracking the sector gained 0.92%. ** In Hong Kong, the benchmark Hang Seng index was down 0.34% at 23,980.30, while the Hang Seng China Enterprises index fell 0.4% to 8,694.67. ** Apart from the Middle East tensions, focus was also on the annual Lujiazui Forum this week, traders and analysts said. ** "The Lujiazui forum is likely to be the key window for financial and yuan internationalization-related policies, while the July Politburo economic meeting is likely to provide further guidance on the monetary and fiscal stance for H2 this year," said Ju Wang, head of Greater China FX and rates strategy at BNP Paribas. ** The Lujiazui Forum is scheduled for June 18-19. This article was generated from an automated news agency feed without modifications to text.
Economic Times
13-06-2025
- Business
- Economic Times
China, Hong Kong stocks end lower as Israeli strikes on Iran weigh on risk assets
Mainland China and Hong Kong stocks slipped on Friday, mirroring losses across regional markets, as investors rushed toward safe-haven assets in response to Israeli strikes on Iran that escalated tensions in the Middle East. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mainland China and Hong Kong stocks slipped on Friday, mirroring losses across regional markets, as investors rushed toward safe-haven assets in response to Israeli strikes on Iran that escalated tensions in the Middle launched strikes against Iran on Friday, saying it targeted nuclear facilities, ballistic missile factories and military commanders during the start of a prolonged operation to prevent Tehran from building an atomic weapon.** At the close, the Shanghai Composite index ended 0.75% lower at 3,377.00 points, while the blue-chip CSI300 index dropped 0.72% to 3,864.18 points.** The smaller Shenzhen index ended down 1.32% and the start-up board ChiNext Composite index was weaker by 1.13%.** In Hong Kong, the benchmark Hang Seng index dropped 0.59% to 23,892.56 points, while the Hang Seng China Enterprises index fell 0.85% to 8,655.33 points.** However, the risk-off sentiment lifted gold and miners' shares , with key performers including Western Region Gold Co , Shandong Gold Mining Co, and Zhongjin Gold Corp all closing more than 2% higher.** China's defense sub-index closed up 1.7%.** Oil and gas shares were another outperformer, with a sub-index jumping 2.02%.** Safe-haven demand for the U.S. dollar also pressured the yuan, with the onshore spot price weakening 0.14% to 7.1815 per dollar around 0800 GMT.* Major Chinese stock indexes appeared poised for a weekly decline, despite the recent trade truce between Washington and Beijing easing the risk of further tariff escalation in the near term.** "While geopolitical tensions (between the United States and China) may have temporarily deescalated, China's macroeconomic outlook remains fragile," BCA Research said in a note."As a result, without a decisive policy boost, Chinese equities lack any catalyst to trend higher."** Both the SSEC and CSI300 indexes fell 0.25% for the week, booking their third weekly loss in four weeks.
Time of India
13-06-2025
- Business
- Time of India
China, Hong Kong stocks end lower as Israeli strikes on Iran weigh on risk assets
Mainland China and Hong Kong stocks slipped on Friday, mirroring losses across regional markets, as investors rushed toward safe-haven assets in response to Israeli strikes on Iran that escalated tensions in the Middle East. Israel launched strikes against Iran on Friday, saying it targeted nuclear facilities, ballistic missile factories and military commanders during the start of a prolonged operation to prevent Tehran from building an atomic weapon. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Even Beautiful Women Have Their 'Oops' Moments Read More Undo ** At the close, the Shanghai Composite index ended 0.75% lower at 3,377.00 points, while the blue-chip CSI300 index dropped 0.72% to 3,864.18 points. ** The smaller Shenzhen index ended down 1.32% and the start-up board ChiNext Composite index was weaker by 1.13%. ** In Hong Kong, the benchmark Hang Seng index dropped 0.59% to 23,892.56 points, while the Hang Seng China Enterprises index fell 0.85% to 8,655.33 points. Live Events ** However, the risk-off sentiment lifted gold and miners' shares , with key performers including Western Region Gold Co , Shandong Gold Mining Co, and Zhongjin Gold Corp all closing more than 2% higher. ** China's defense sub-index closed up 1.7%. ** Oil and gas shares were another outperformer, with a sub-index jumping 2.02%. ** Safe-haven demand for the U.S. dollar also pressured the yuan, with the onshore spot price weakening 0.14% to 7.1815 per dollar around 0800 GMT. * Major Chinese stock indexes appeared poised for a weekly decline, despite the recent trade truce between Washington and Beijing easing the risk of further tariff escalation in the near term. ** "While geopolitical tensions (between the United States and China) may have temporarily deescalated, China's macroeconomic outlook remains fragile," BCA Research said in a note. "As a result, without a decisive policy boost, Chinese equities lack any catalyst to trend higher." ** Both the SSEC and CSI300 indexes fell 0.25% for the week, booking their third weekly loss in four weeks.
New Straits Times
13-06-2025
- Business
- New Straits Times
China, Hong Kong stocks fall as Israeli strikes on Iran weigh on risk assets
SHANGHAI: Mainland China and Hong Kong stocks slipped on Friday, mirroring losses across regional markets, as investors rushed toward safe-haven assets in response to Israeli strikes on Iran that escalated tensions in the Middle East. Israel said it targeted Iran's nuclear facilities, ballistic missile factories and military commanders on Friday at the start of what it warned would be a prolonged operation to prevent Tehran from building an atomic weapon. At the midday break, the Shanghai Composite index was down 0.72 per cent at 3,378.01 points, while the blue-chip CSI300 index was down 0.76 per cent at 3,862.75 points. The smaller Shenzhen index dropped 1.27 per cent, the start-up board ChiNext Composite index was weaker by 1.14 per cent and Shanghai's tech-focused STAR50 index dropped nearly 1 per cent. In Hong Kong, the benchmark Hang Seng Index was down 0.7 per cent at 23,866.86 points, while the Chinese H-share index, the Hang Seng China Enterprises Index fell 0.89 per cent to 8,651.84 points. However, the risk-off sentiment lifted gold and miners shares, with key performers including Western Region Gold Co , Shandong Gold Mining Co Zhongjin Gold Corp all gaining more than 2 per cent in morning trades. Another outperformer was oil and gas shares, with a sub-index jumping 2.05 per cent by midday. Safe-haven demand for the US dollar also pressured the yuan, with the onshore spot price weakening 0.13 per cent to 7.1807 per dollar around midday. Major Chinese stock indexes appeared poised for a weekly decline, despite the recent trade truce between Washington and Beijing easing the risk of further tariff escalation in the near term. "While geopolitical tensions (between the United States and China) may have temporarily de-escalated, China's macroeconomic outlook remains fragile," BCA Research said in a note. As a result, without a decisive policy boost, Chinese equities lack any catalyst to trend higher." The SSEC is set to fall 0.22 per cent for the week, while the CSI300 index is due to lose 0.29 per cent.
