China, Hong Kong shares little changed on weak sentiment after Trump notes there is ‘a long way to go’ on tariffs if he feels like it
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Mainland and Hong Kong stocks ended little changed, as the US-China trade dispute returned to investors’ minds after US President Donald Trump raised the possibility of imposing more tariffs – if he wanted.
The Shanghai Composite Index on Wednesday fell 0.2 per cent to 2,931.69, with liquor and health care stocks among losers. It was the benchmark’s second straight day of losses.
Meanwhile, the Shenzhen Composite Index inched ahead by 0.16 per cent to 1,574.35. Information technology, real estate, and consumer staples were among gainers, while communication services led losses.
In Hong Kong, the Hang Seng Index ended down by 0.09 per cent to 28,593.17. That snapped a four-day winning streak, with energy, consumer staples and health care sectors the top losers.
“After the comments from US President Donald Trump, the market is cautious about the trade relationship between mainland China and the US,” said Kenny Tang Sing-hing, chief executive at Royston Securities.