Hang Seng Ends 1.2% Lower on Widespread Losses
The Hang Seng dipped 305 points or 1.2% to close at 25,525 on Tuesday, swinging from a two-day winning streak amid broad-based declines.
Sentiment soured after U.S. futures dropped sharply, following President Trump’s removal of Fed Governor Lisa Cook and threats of “200% tariffs” on China if rare-earth magnet exports are restricted. Trump also vowed retaliation against countries regulating U.S. Big Tech. The index pulled back from a near four-year high, as concerns grew that mainland stocks may be losing steam after a months-long rally that lifted the Shanghai Composite to a decade high.
Still, further downside was cushioned by several factors, including AI optimism, attractive market valuations across China and Hong Kong, Beijing’s ongoing policy support, and abundant liquidity due to low bank returns.
Haidilao sank 2.8% after H1 earnings missed estimates, while Innovent Biologics (-4.1%), China Unicom (-3.6%), SMIC (-3.3%), and Dongfeng Motor (-1.7%) also posted steep losses.
Source : Trading Economics
