Hong Kong Stocks Continue Upward Momentum Amid Trade Optimism; JST Group Debuts in Hong Kong

Published on 10/21/2025 at 04:31 am EDT
(MT Newswires) -- Hong Kong stocks closed higher Tuesday as investors hoped for a breakthrough in U.S.-China trade talks during an upcoming meeting in South Korea.
The Hang Seng Index rose by 168.72 points, or 0.7%, to 26,027.55, while the Hang Seng China Enterprises Index increased 69.99 points, or 0.8%, to 9,302.66.
U.S. President Donald Trump told reporters in a press conference that he expects to strike a fair trade agreement with Chinese President Xi Jinping at their upcoming meeting in South Korea.
Trump also expects the issue of Taiwan to be brought to the table, along with other bilateral concerns, although he did not detail what he expects from the issue.
In corporate news, JST Groupmade its debut in Hong Kong.
The Chinese e-commerce SaaS ERP provider closed at HK$37.90 per share, up from the IPO price of HK$30.60.
Meanwhile, Rongta Technology (Xiamen) Group said a misappropriation case against the company was ordered transferred to the Fujian Provincial High People's Court after the plaintiff raised its damages claim to above 200 million yuan.
Xiamen Pinnacle raised its claim nearly fivefold to 975.2 million yuan and also asked that Rongta Chairman and controlling shareholder Xu Kaiming be added as a co-defendant.
Shares of the provider of identification and data capture solutions fell over 6%.

Sumber : MT Newswires