Hong Kong stocks fell 319 points, or 1.6%, to 19,787 in early trading on Wednesday, ending a six-session rally after U.S. President Trump said he could impose 10% tariffs on all Chinese imports after excluding China from a list of countries he would soon target a day earlier.The Hang Seng fell from its highest level in nearly four weeks, weighed down by broad weakness.
However, gains on Wall Street overnight helped limit further losses, as Trump is expected to announce a new investment push for AI, led by major companies including Softbank Group Corp., OpenAI and Oracle. At home, Hong Kong's annual inflation rate was 1.4% in December, unchanged for three months and at its lowest since May. Early laggards included KE Holdings (-3.2%), JD Logistics (-2.6%) and Longfor Group (-1.7%). Meanwhile, Geely Auto fell 1.8% despite plans to partner with Handal Motor to build a second phase plant in Indonesia and start operations in Q3. (AL)
Source: Trading Economics
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