Hang Seng Index rises as Xiaomi, AAC Tech soar on new 5G phone

  • Financials, tech stocks lift Hong Kong market
  • Shanghai, Shenzhen end mixed as carmakers rise, electronics fall

Topic |   Stocks Blog

It promises to be another day of muted activity in the Hong Kong and mainland China equity markets, as eyes once again turn to US-China trade negotiations. Sunday, December 15, is the key date, and it seems more likely that Washington will hold back from imposing extra tariffs on another US$160 billion of Chinese goods. 
Closer to home, media reports about a Chinese city relaxing some of its property pricing curbs are also likely to draw some interest, as the industry – critical to China’s economic growth – has gone through an extended period of slow growth amid efforts by Beijing to rein in prices.

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– Yujing Liu and Azar Zaidi in Hong Kong

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