Hong Kong Stocks Close Higher Amid Renewed Trade Optimism; Mininglamp Technology Launches Hong Kong IPO

Published on 10/23/2025 at 04:52 am EDT
(MT Newswires) -- Hong Kong stocks closed higher Thursday as markets took a breather on news that Chinese Vice-Premier He Lifeng will hold trade talks with U.S. officials in Malaysia.
The Hang Seng Index increased by 186.21 points, or 0.72%, to 25,967.98, while the Hang Seng China Enterprises Index rose 76.96 points, or 0.83%, to 9,300.74.
China's Ministry of Commerce announced that Vice-Premier He will hold talks on issues such as trade in Malaysia from Friday, Oct. 24, to Monday, Oct. 27, according to the South China Morning Post. The talks will be held before U.S. President Donald Trump and Chinese President Xi Jinping meet in South Korea next week.
President Trump is looking to reach a deal with President Xi ahead of the Asia-Pacific Economic Cooperation Summit in South Korea. The agreements could range from a resumption of Chinese purchases of soybeans from the US and nuclear weapons limits, according to Reuters.
In corporate news, Mininglamp Technology launched its initial public offering in Hong Kong, aiming to raise about HK$1.02 billion from the deal.
The China-based data intelligence software firm is offering 7.22 million Class A shares at an offer price of HK$141.00 each, according to a Thursday Hong Kong bourse filing.
Meanwhile, Crocodile Garments is seeking HK$53.3 million via a rights offering
Shares of the apparel company closed 12% lower.

Sumber : MT Newswires