Hong Kong Shares Fall; Tariffs Weigh on Mood -- Market Talk

Dow Jones

02-28

0138 GMT - Hong Kong shares open lower, with sentiment weighed by U.S. plans to impose an additional 10% tariff on Chinese imports. The benchmark Hang Seng Index falls 0.7% to 23542.90. Auto stocks and tech stocks lead losses. Li Auto and BYD are down 2.8% and 2.0%, respectively. Meituan and Alibaba Group decline 1.7% and 1.6%, respectively. The Hang Seng Tech Index falls 0.9%. Among individual movers, Xiaomi leads gains, rising 5.0% after launching a cheaper-than-expected SUV model. Investors are watching for the upcoming Two Sessions meeting that kicks off next week for more details on China's GDP target and stimulus policies.(jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

February 27, 2025 20:38 ET (01:38 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The benchmark Hang Seng Index falls 0.7% to 23542.90. Auto stocks and tech stocks lead losses. Li Auto and BYD are down 2.8% and 2.0%, respectively. Meituan and Alibaba Group decline 1.7% and 1.6%, respectively. The Hang Seng Tech Index falls 0.9%. Among individual movers, Xiaomi leads gains, rising 5.0% after launching a cheaper-than-expected SUV model. 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The benchmark Hang Seng Index falls 0.7% to 23542.90. Auto stocks and tech stocks lead losses. Li Auto and BYD are down 2.8% and 2.0%, respectively. Meituan and Alibaba Group decline 1.7% and 1.6%, respectively. The Hang Seng Tech Index falls 0.9%. Among individual movers, Xiaomi leads gains, rising 5.0% after launching a cheaper-than-expected SUV model. 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The benchmark Hang Seng Index falls 0.7% to 23542.90. Auto stocks and tech stocks lead losses. Li Auto and BYD are down 2.8% and 2.0%, respectively. Meituan and Alibaba Group decline 1.7% and 1.6%, respectively. The Hang Seng Tech Index falls 0.9%. Among individual movers, Xiaomi leads gains, rising 5.0% after launching a cheaper-than-expected SUV model. Investors are watching for the upcoming Two Sessions meeting that kicks off next week for more details on China's GDP target and stimulus policies.(jiahui.huang@wsj.com; @ivy_jiahuihuang) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 27, 2025 20:38 ET (01:38 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0}}}