Hong Kong Stocks End Flat as Investors Eye China Data; Cathay Pacific Slips on Earnings, Boeing Order

Published on 08/06/2025 at 04:39 am EDT
(MT Newswires) -- Hong Kong stocks ended little changed on Wednesday as investors awaited key Chinese economic indicators and weighed optimism over an extended trade truce between China and the US.
The Hang Seng Index edged up marginally to 24,910.63, while the Hang Seng China Enterprises Index (HSCEI) fell 18.39 points, or 0.2%, to 8,932.68.
China is scheduled to release July data on foreign trade on Thursday, followed by inflation figures over the weekend.
Outbound shipments were forecast to have risen an annual 5.4% in value terms, according to the median forecast of 34 economists in a Reuters poll, down from a 5.8% increase in June.
On the trade front, US President Donald Trump said that Washington was "getting very close to a deal" with Beijing to extend the truce, which includes commitments to roll back tit-for-tat tariff hikes and ease restrictions on rare earth exports and some technologies, Bloomberg News reported.
"It's not imperative, but I think we're going to make a good deal," Trump said, adding that "we're getting along with China very well."
In corporate news, Cathay Pacific Airways slipped nearly 10% after reporting a slight increase in first-half profit and confirming it will exercise purchase rights for 14 Boeing 777-9 aircraft, with deliveries scheduled through 2034.
Meanwhile, VPower Groupsurged 9% after flagging a return to profit for the six months ended June.

Sumber : MT Newswires