Jun 4, 2025, 15:36 GMT+7
(MT Newswires) - Hong Kong stocks climbed on Wednesday, extending the previous session's 1.5% gain, as investors held out hope for potential trade talks between the US and China.
The Hang Seng Index rose 0.6%, or 141.54 points, to 23,654.03. The Hang Seng China Enterprises Index gained 0.7%, or 56.89 points, to 8,576.75.
Gains came even as Washington began enforcing a 50% tariff on foreign steel and aluminum imports, part of President Donald Trump's push to shield US manufacturers.
The duties, which took effect at noon in Hong Kong, added pressure to already-strained global trade ties, though markets appeared to have priced in the move.
Meanwhile, uncertainty continues to cloud the prospect of a call between Trump and Chinese President Xi Jinping. In a post on Truth Social, Trump said he likes Xi but called him tough and "extremely hard to make a deal with," dampening hopes of any imminent breakthrough.
In corporate news, Innovent Biologicssurged 14% after its experimental lung cancer drug IBI363 showed promising safety and long-term survival data in early-stage trials.
Meanwhile, CGN Miningrocketed 28% after striking a $60.6 million deal to supply 0.8 million pounds of natural uranium to China Uranium Development.

Sumber : MT Newswires