Hong Kong stocks waver as investors await signals from Trump-Xi call – World Pakistan

The Hang Seng Index edged up less than 0.1 per cent to 26,557.41 as of 10.55am local time, after dropping as much as 0.5 per cent. The Hang Seng Tech Index added 0.9 per cent. On the mainland, the Shanghai Composite Index lost 0.4 per cent while the CSI 300 Index was little changed.

Online-game provider NetEase slumped 1.8 per cent to HK$236.20, and insurance firm AIA Group fell 1.6 per cent to HK$72. Pharmaceutical firm Wuxi AppTech dropped 1.7 per cent to HK$109.90, while blind box toymaker Pop Mart International lost 1.1 per cent to HK$264.40.

Sportswear producer Anta Sports Products rose 3.1 per cent to HK$97.20, and chipmaker Semiconductor Manufacturing International advanced 1.5 per cent to HK$70.55. E-commerce company JD.com rose 3.6 per cent to HK$139.20, and peer Alibaba Group Holding gained 1.2 per cent to HK$160.30. PC maker Lenovo Group rose 1.6 per cent to HK$12.22, and online travel-booking agency Trip.com added 2.1 per cent to HK$611.

Trump and Xi are due to speak at 9am Washington time on Friday, or 9pm in Beijing. Investors are treating the call, which is the first since June, as a potential risk event rather than a breakthrough moment. While expectations of any concrete agreements remain low, the tone of the conversation could sway sentiment on tariffs, technology supply chains and TikTok’s future in the US.

Narrowing China-US yield spreads after the Fed’s rate cuts would likely support the yuan, said Wang Han, Industrial Securities’ chief economist, in a research note published Friday.