Hong Kong Stocks Rise as Markets Cheer US, China Trade Truce; China Display Proposes Higher Sales, Purchase Limits With TCL

Published on 08/13/2025 at 04:52 am EDT
(MT Newswires) -- Hong Kong stocks ended higher Wednesday as markets breathed a sigh of relief following a trade truce between the U.S. and China.
The Hang Seng Index rose 643.99 points, or 2.58%, to 25,613.67, while the Hang Seng China Enterprises Index gained 233.20 points, or 5.62%, to 9,150.05.
Hong Kong exporters view the US-China trade truce positively as it gives them time to prepare for the Thanksgiving and Christmas holiday seasons, the South China Morning Post reported.
Beijing and Washington agreed to another 90-day truce on Tuesday that averts triple-digit tariffs on their goods. However, it was yet unclear whether Washington and Beijing would reach a definitive trade deal, and Hong Kong businesses are already preparing for contingencies by moving or expanding operations to Africa and South America, the SCMP reported.
In corporate news, China Display Optoelectronics Technologyjumped 35% after the LCD modules seller said it was revising its sale and purchase agreement with major shareholder TCL Technology Group to meet demand.
Shengli Oil & Gas Pipeclosed 21% lower after forecasting a marginal increase in its loss for the first half of 2025.

Sumber : MT Newswires