The Hang Seng rose 171 points or 0.7% to close at 25,082 on Wednesday, reversing early losses as all sectors ended in the green. It was the fourth session of gains, helped by upbeat Chinese trade data. Exports accelerated in July due to front-loaded shipments, while imports saw the strongest growth in a year amid continued policy support from Beijing.
Traders remained focused on the August 12 deadline, watching for progress in U.S.-China tariff negotiations. Tech shares posted modest gains despite Trump's remarks that the U.S. may impose 100% tariffs on certain chip imports—an outcome analysts say could boost domestic production with limited short-term impact.
U.S. futures edged higher on growing bets of a tentative Fed rate cut in September. New World Dev. surged 10.2% on reports of a potential take-private deal. Other notable gainers included Sands China (5.0%), Galaxy Entertainment (3.4%), and China Resources Land (3.2%). Investors now await China's July CPI and PPI due Saturday.
Source: Trading Economics
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