MNI: Japan Govt Keeps Economic Assessment, Ups Imports

MNI BRIEF: China Supports Globalisation Despite Turbulence

MNI: PBOC Net Injects CNY11.0 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Lower At 7.1910 Tues; -1.46% Y/Y

MNI China Daily Summary: Monday, November 25

MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 22

MNI: UK NOV BRC SHOP PRICES +0.2% M/M, -0.6% Y/Y

MNI: JAPAN OCT SERVICES PPI +2.9% Y/Y; SEPT REV +2.8%

EZ/UK T-Bill Calendar: 2/3-Month ATB Auction on Tuesday

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

ASIA STOCKS: China & HK Equities Brush Off Trump Tariffs News

ASIA STOCKS
EM BulletFixed Income BulletsBulletAPACEmerging Market NewsForeign Exchange BulletsMarkets

Chinese and Hong Kong markets showed resilience on Tuesday, recovering from earlier losses as investors weighed the potential impact of President-elect Donald Trump's proposed tariffs on Chinese imports. The HSI is trading 0.3% higher, Baidu surged by a 5% on reports of its autonomous ride-hailing trial in Hong Kong. Onshore, the CSI 300 and Shanghai Composite indices are both trading about 0.2% higher, driven by optimism in sectors such as Macau casinos, with Sands China up 3.4%.

  • Trump’s tariff threats, including an additional 10% levy on Chinese goods and a possible universal 60% rate, spurred caution, though investors noted the importance of implementation details and magnitude, while it was widely expected tariffs would be in trumps plans, anything below 60% was largely seen as positive.
  • Looking at onshore markets today, healthcare and consumer staples are the top performing sectors, small-caps are underperforming slightly with the CSI 1000 & 2000 trading about 0.30% lower. Overall markets are trading slightly higher however ranges are narrow.
161 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Chinese and Hong Kong markets showed resilience on Tuesday, recovering from earlier losses as investors weighed the potential impact of President-elect Donald Trump's proposed tariffs on Chinese imports. The HSI is trading 0.3% higher, Baidu surged by a 5% on reports of its autonomous ride-hailing trial in Hong Kong. Onshore, the CSI 300 and Shanghai Composite indices are both trading about 0.2% higher, driven by optimism in sectors such as Macau casinos, with Sands China up 3.4%.

  • Trump’s tariff threats, including an additional 10% levy on Chinese goods and a possible universal 60% rate, spurred caution, though investors noted the importance of implementation details and magnitude, while it was widely expected tariffs would be in trumps plans, anything below 60% was largely seen as positive.
  • Looking at onshore markets today, healthcare and consumer staples are the top performing sectors, small-caps are underperforming slightly with the CSI 1000 & 2000 trading about 0.30% lower. Overall markets are trading slightly higher however ranges are narrow.