The Hang Seng Index rose 64 points, or 0.3%, to close at 24,203 on Monday (July 14), extending gains for the third consecutive session as investors responded positively to Chinese trade data.
Exports grew 5.8% year-on-year (yoy) in June, beating the 5% projection as companies accelerated deliveries amid a fragile tariff truce ahead of the August deadline. Meanwhile, imports grew 1.1% after a 3.4% decline in May. Adding to optimism, new yuan loans increased faster than expected in June, driven by a seasonal surge in loan issuance and strong government bond sales.
However, further gains were capped by caution ahead of China's second-quarter GDP data due on Tuesday, as economic output may be further pressured by trade risks. Meanwhile, US futures prices plummeted after President Trump imposed 30% tariffs on imports from the European Union and Mexico, effective August 1. Consumer and technology stocks led the gains, with significant gains for Kuaishou Tech (3.5%), JD Health Intl. (3.4%), Hansoh Pharma (3.3%), and Pop Mart Intl. (2.1%). (alg)
Source: Trading Economics
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