Hong Kong Shares Rise 2.4%; Pharma, Tech Stocks Lead Gains -- Market Talk

Dow Jones

04-14

0825 GMT - Hong Kong shares ended higher, supported by pharmaceutical and tech stocks. The benchmark Hang Seng Index rose 2.4% to 21417.40 and the Hang Seng Tech Index gained 2.3%. Investors are digesting the weekend's developments on U.S. trade policy for tech products, after a filing on Friday showed some categories, including smartphones, will be exempt from sweeping tariffs. However, President Trump said Sunday that levies on tech products are simply moving to a different bucket. CSPC Pharmaceutical and Wuxi Biologics added 9.5% and 6.4%, respectively. Alibaba Group and Baidu gained 5.1% and 4.0%, respectively. Meanwhile, among the few decliners, Xiaomi was down 2.4% and China Resources Beer dropped 3.15%.(jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

April 14, 2025 04:25 ET (08:25 GMT)

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

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The benchmark Hang Seng Index rose 2.4% to 21417.40 and the Hang Seng Tech Index gained 2.3%. Investors are digesting the weekend's developments on U.S. trade policy for tech products, after a filing on Friday showed some categories, including smartphones, will be exempt from sweeping tariffs. However, President Trump said Sunday that levies on tech products are simply moving to a different bucket. CSPC Pharmaceutical and Wuxi Biologics added 9.5% and 6.4%, respectively. Alibaba Group and Baidu gained 5.1% and 4.0%, respectively. 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The benchmark Hang Seng Index rose 2.4% to 21417.40 and the Hang Seng Tech Index gained 2.3%. Investors are digesting the weekend's developments on U.S. trade policy for tech products, after a filing on Friday showed some categories, including smartphones, will be exempt from sweeping tariffs. However, President Trump said Sunday that levies on tech products are simply moving to a different bucket. CSPC Pharmaceutical and Wuxi Biologics added 9.5% and 6.4%, respectively. Alibaba Group and Baidu gained 5.1% and 4.0%, respectively. Meanwhile, among the few decliners, Xiaomi was down 2.4% and China Resources Beer dropped 3.15%.(jiahui.huang@wsj.com; @ivy_jiahuihuang) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 14, 2025 04:25 ET (08:25 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":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}