Hong Kong stocks ended flat in negative territory on Wednesday as investor sentiment turned cautious ahead of an announcement from Washington regarding new reciprocal tariffs.
The Hang Seng Index closed little changed at 23,202.53. The Hang Seng China Enterprises Index ended fractionally lower at 8,531.51.
Global markets toiled in uncertainty as investors await news on reciprocal tariffs by the US to be announced later in the day.
Just last week, the Donald Trump-led US government announced its plans to introduce a 25% levy on all imported vehicles and auto parts.
The tariffs will have a significant impact on affected industries, taking their toll on profit, the SCMP reported citing a report from Barclays last week.
In corporate news, Xiaomi (HKG:1810) fell 4% amid news of an investigation regarding the death of three people in an accident involving one of its SU7 electric vehicles on March 29.
Lei Jun, founder of the tech firm, said the company will cooperate with authorities in the investigation, according to a Reuters report on Tuesday.
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