Hong Kong Stocks Hover at 4-Month Peak

Hong Kong shares rose 174 points or 0.7% to 24,760 on Wednesday morning, extending gains for the fifth session and notching their highest level in four months.

Sentiment remained upbeat as China’s economy appeared resilient despite U.S. tariffs.

Official data showed the economy grew 5.2% yoy in Q2 2025, slightly above the 5.1% forecast, though it marked the slowest pace in three quarters.

Meanwhile, analysts noted that Nvidia’s resumption of H20 AI chip sales to China could signal a positive tone for trade talks with the U.S. ahead of the August deadline.

Most sectors advanced, led by tech, consumer, and financial stocks, as traders shrugged off a modest dip in U.S. futures after a softer-than-expected core inflation reading for June.

Optimism also grew around the upcoming July Politburo meeting, with hopes it may deliver fresh policy support to sustain growth in H2 of 2025.

Early gainers included Anta Sports (4.5%), Akeso (3.8%), Trip.com (3.7%), Kuaishou (3.0%), and Meituan (2.2%).