Hong Kong stocks kicked off 2025 on a negative note with looming tariff threats from the new US president-elect casting a worrisome shadow over China's economic outlook in the new year.
The Hang Seng Index fell 0.29%, or 56.65 points, to close at 19,423.61 on Thursday. The Hang Seng China Enterprises Index fell 0.32%, or 22.17 points, to end at 6,946.68.
The value of Hong Kong's total exports and imports of goods rose by 2.1% and 5.7%, respectively, year over year, in November, data released by the Census and Statistics Department said Tuesday.
In market news, Alibaba Group (HKG:9988) and Xiaomi (HKG:1810) closed nearly 2% lower on Thursday with SMIC (HKG:0981) closing nearly 9% lower.
Ping An Insurance (Group) (HKG:2318, SHA:601318) closed nearly 4% lower with Industrial and Commercial Bank of China (HKG:1398, SHA:601398) following suit and closing at over 3% lower.
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