Published on 05/02/2025 at 04:33
(Reuters) - Hong Kong stocks climbed to nearly a one-month high on Friday as signs of easing Sino-U.S. trade tensions comforted investors, while electronic vehicle (EV) makers rallied on strong sales.
** Hong Kong's benchmark Hang Seng Index added 1.7% to end at 22,504.68, the highest close since April 3.
** The gain followed the 4.3% decline in April, the worst month for the benchmark since November 2024 as U.S. President Donald Trump's "reciprocal tariff" triggered a global markets rout.
** The Hang Seng China Enterprises Index ended 1.9% higher at 8,231.04, a one-month closing high.
** The mainland markets are closed till next Tuesday for the Golden Week holiday.
** China's Commerce Ministry said Beijing is "evaluating" an offer from Washington for talks over Trump's crippling tariffs, signalling a potential de-escalation in the trade war that has roiled global markets.
** Investors have taken comfort from signs of potential de-escalation between the U.S. and China and the start of trade talks with Japan and others, analyst at Citi said in a note.
** EV makers are among the top performers in Hong Kong, driven by the strong April delivery figures.
** Xpeng surged 6.7% to a one-week high after reporting a 273% year-on-year surge in smart EV deliveries last month. Peer Li Auto climbed 3.6% and BYD gained 3.3%, supported by sales increases.
** Tech stocks advanced, with the Hang Seng Tech Index adding 3.1%. Alibaba strengthened more than 3.8% and Tencent added 2.2%. Both stocks hovered near their one-month highs.
** The Chinese yuan strengthened in offshore trading to as much as 7.2400, its strongest level in a month.
(Reporting by Jiaxing Li in Hong Kong; Editing by Sumana Nandy)
Sumber : Reuters
powered by: IPOTNEWS.COM
