Hong Kong stocks slip as China manufacturing shrinks, US trade deadline looms
South China Morning PostMonday, June 30, 2025 at 2:37:02 AM
Hong Kong stocks took a dip as new data revealed China's manufacturing sector is still struggling to grow, partly due to U.S. tariffs squeezing exports. Meanwhile, traders are on edge as a U.S. trade deal deadline approaches, adding to market jitters. The Hang Seng Index slipped 0.5%, though tech stocks held steady with a slight gain. Over in mainland China, markets were more resilient, with the Shanghai Composite ticking up slightly.
Editor’s Note: This isn’t just about a bad day for stocks—it’s a snapshot of how global trade tensions and economic sluggishness are weighing on markets. With U.S. tariffs biting and uncertainty around trade deals lingering, investors are playing it cautious. The mixed performance (Hong Kong down, mainland slightly up) also hints at where confidence is—or isn’t—holding. For anyone watching Asia’s financial health, these wobbles are a sign to keep an eye on policy moves and trade talks in the coming weeks.
— Curated via WP Now’s
