Hong Kong Stocks End Week Lower On Trade Worries, China Manufacturing Slump; HKT Trust and HKT Jumps on H1 Results

Published on 08/01/2025 at 04:47 am EDT
(MT Newswires) -- Hong Kong stocks ended the week in red as investors awaited signs of a fresh stimulus and US President Donald Trump announced new international tariffs.
The Hang Seng Index fell 265.52 points, or 1.07%, to 24,507.81, while the Hang Seng China Enterprises Index declined 78.53 points, or 0.88%, to 8,804.42.
The U.S. announced new tariffs ranging from 10% to 41% across the globe, with deals with China, as well as Mexico, pending.
Meanwhile, private data confirmed that China's manufacturing factory fell into contraction in July. The S&P Global headline seasonally adjusted manufacturing Purchasing Managers' Index or PMI dropped to 49.5 in July from 50.4 in June.
In corporate news, HKT Trust and HKT closed over 2% higher after reporting a rise in H1 profit and revenue.
Meanwhile, Zhong Jia Guo Xin closed 7% lower after receiving a notice of repayment from a creditor demanding HK$11.2 million in fees owed.

Sumber : MT Newswires