As Chinese President Xi Jinping arrived in the United States for a state visit, US Treasury Secretary Besent and Chinese Vice Premier He Lifeng met again on Wednesday and announced that the US-China trade truce would be extended to January 10 next year. Besent stated, "China has not yet been perfect in certain aspects," and when asked whether both sides could reach a broader agreement before the new deadline, he said: "I don't know if we can reach a larger agreement, nor do I know if we are merely extending the current arrangement."
With no mention of a trade ceasefire between the US and China, market concerns remain about the possibility of the trade war continuing after the new deadline, putting downward pressure on export-related stocks; AAC Technologies (02018) down 0.6% at HK$39.24; GoerTek (01415) down 1.2% at HK$22.34; Techtronic Industries (00669) down 0.7% at HK$128.60; Haier Smart Home (06690) down 0.5% at HK$19.82; Midea Group (00300) down 0.6% at HK$95.85; Shenzhou International (02313) down 1.6% at HK$34.18; Esprit Holdings (02232) down 0.2% at HK$6.425.
Currently, the Hang Seng Index stands at 24,733, down 100 points or 0.4%, with main board turnover nearing HK$5.5 billion. The Hang Seng China Enterprises Index is at 8,242, down 31 points or 0.4%. The Hang Seng Tech Index is at 4,350, down 28 points or 0.6%.
| Stock (Code) | Current Price (HK$) | Change (%) |
|---|---|---|
| Sunny Optical Technology (02382) | 64.30 | Down 1.08% |
| AAC Technologies (02018) | 39.24 | Down 0.61% |
| GoerTek (01415) | 22.34 | Down 1.24% |
| Techtronic Industries (00669) | 128.60 | Down 0.69% |
| Haier Smart Home (06690) | 19.82 | Down 0.45% |
| Midea Group (00300) | 95.85 | Down 0.57% |
| Shenzhou International (02313) | 34.18 | Down 1.61% |
| Shein-W (00625) | 38.16 | Up 0.85% |
| Esprit Holdings (02232) | 6.425 | Down 0.16% |
