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Hong Kong stocks slip as traders cut risky bets amid Trump tariff countdown

China’s growing dominance in export market share is causing tension with the US and emerging markets, JPMorgan Private Bank says

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A display at bourse operator Hong Kong Exchanges and Clearing in Central shows stock data on February 27, 2025. Photo: Nora Tam
Hong Kong stocks traded near a one-month low as traders reduced risk-taking amid a countdown to US President Donald Trump’s expected tariff measures against most of its trading partners.

The Hang Seng Index slipped less than 0.1 per cent to 23,202.53 on Wednesday. The Hang Seng Tech Index pared gain to 0.4 per cent while the Shanghai Composite Index added less than 0.1 per cent.

Xiaomi tumbled 4.2 per cent to HK$44.55 for a fifth straight day of losses, amid concerns about the safety of autonomous driving systems. China Hongqiao slipped 4.1 per cent to HK$15.40 while biotech firm WuXi Biologics retreated 2.1 per cent to HK$26.25 and hotpot restaurant chain Haidilao declined 2.2 per cent to HK$17.48.

Limiting losses, Geely Auto advanced 4.7 per cent to HK$17.40, Sunny Optical gained 2.8 per cent to HK$74.60 and bourse operator Hong Kong Exchanges & Clearing rose 1.7 per cent to HK$353.80.

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Trump presses ahead with 25% tariffs on imported cars, ratcheting up trade war

Trump presses ahead with 25% tariffs on imported cars, ratcheting up trade war

Worries about a prolonged and bitter US-China trade war have kept risk appetite at bay since Trump began his second term in the White House with promises to slap tariffs on foreign goods from oil to cars. The Hang Seng Index has lost almost 6 per cent since hitting a 14-month high on March 19.

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