Jul 18, 2025, 11:27 GMT+7Refinitiv1 min read
(Reuters) -China and Hong Kong stocks climbed on Friday, set to finish the week higher, as Beijing's campaign against cut-throat price competition lifted investor sentiment.
** China's blue-chip CSI300 rose 0.5% by the lunch break, while the Shanghai Composite Indexgained 0.3%. Hong Kong benchmark Hang Sengwas up 0.7%.
** The CSI 300 Index has gained 1% so far this week, and on track to log a fourth straight weekly rise, while the Hang Seng Index advanced 2.2%.
** China's top leaders pledged to step up regulation of aggressive price-cutting by Chinese companies, as the world's second-biggest economy struggles to shake off persistent deflationary pressures.
** UBS analysts expect China to intensify its campaign against involution competition over the coming quarters.
** However, the path ahead may be more complex than the 2015-16 cycle, when state-owned enterprises led capacity cuts with clearer top-down coordination, the analysts said.
** China's cabinet vowed on Wednesday to rein in what it described as "irrational" competition in the electric vehicle sector, pledging to step up cost investigations and enhance price monitoring.
** EV maker Li Autohas climbed 12% so far this week, set for its biggest weekly gain since February.
** The CSI rare-earth indexjumped 3.6% on Friday, with Northen Rare Earth Groupup nearly 9%.
** Tech majors traded in Hong Kongrebounded more than 4% this week, partly buoyed by optimism after Nvidia said it would ramp up supply of Chinese-compliant H20 chips in the coming months and look to bring more advanced semiconductors to the world's second-largest technology market.
** China's Commerce Minister Wang Wentao said that he met with NvidiaChief Executive Jensen Huang in Beijing on Thursday, but did not provide any details about what was discussed at their meeting.
** Shares of Alibabarose 2.2% and were up nearly 10% this week.

Sumber : Reuters