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24/09/2026 09:24

Techtronic Industries opens nearly 3% lower, Bethune says China and U.S. extend trade truce for two months

The Economic Times News Agency, 24th Special Report Techtronic Industries (00669) is down 2.9%, trading at HK$125.7, with approximately 240,000 shares traded, involving HK$304.6 million.

As Chinese President Xi Jinping arrived in the United States for a state visit, U.S. Treasury Secretary Bethune and Chinese Vice Premier He Lifeng announced on Wednesday, after their latest meeting, that China and the U.S. have agreed to extend their trade truce until January 10 next year. Bethune stated, "China has not yet been perfect in certain aspects," and when asked whether both sides could reach a broader agreement by the new deadline, he said: "I don't know if a larger agreement can be reached, nor do I know if we will merely continue the current agreement."

On October 30 last year, Xi Jinping and U.S. President Trump held a summit in Busan, South Korea, after which they announced a one-year trade truce agreement. The agreement temporarily suspended certain tariffs, rare earth restrictions, and high fees imposed on Chinese-made and Chinese-owned vessels docking at U.S. ports.

Currently, the Hang Seng Index stands at 24,649, down 184 points or 0.7%, with main board turnover nearing HK$2.2 billion. The Hang Seng China Enterprises Index is at 8,215, down 58 points or 0.7%. The Hang Seng Tech Index is at 4,344, down 34 points or 0.8%. The front-month index futures are at 24,642, down 173 points, at a discount of 7 points. The front-month HSCEI futures are at 8,226, down 43 points, at a premium of 10 points. The front-month Tech Index futures are at 4,342, down 36 points, at a premium of 4 points.

 
Table showing performance of related stocks
Stock (Code)Current Price (HK$)Change (%)
Techtronic Industries (00669)125.7Down 2.93%
Shenzhou International (02313)34.26Down 1.38%
Lenovo Group (00992)36.5Down 1.14%
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