Hong Kong Stocks Higher After US, China Trade Truce; Wharf`s H1 Earnings Miss Estimates

Published on 08/12/2025 at 04:41 am EDT
(MT Newswires) -- Hong Kong stocks ended higher Tuesday after both the U.S. and China agreed to extend a tariff truce and investors evaluated corporate earnings.
The Hang Seng Index rose 62.87 points, or 0.25%, to 24,969.68, while the Hang Seng China Enterprises Index gained 28.77 points, or 0.32%, to 8,916.85.
Beijing and Washington agreed to another 90-day truce that averts triple-digit tariffs. China on Tuesday suspended the 24% additional tariffs on some of the US imports for 90 days, while maintaining the additional 10% tariff rate.
Meanwhile, US President Donald Trump extended a truce on tariffs imposed against China for another 90 days. Washington's reciprocal 10% tariffs against China remain in effect even during the suspension of tariffs, set to last until Nov. 10.
In corporate news, The Wharf (Holdings)reported earnings that fell short of expectations. The property developer reported HK$0.18 in diluted earnings per share for the six months ended June 30 on revenue of HK$5.67 billion, below the Visible Alpha estimates of HK$0.74 and HK$6.72 billion, respectively.
Shares closed 0.8% lower.
Galaxy Entertainment Groupalso missed estimates after reporting EPS of HK$1.195 on revenue of HK$23.25 billion, versus expectations of HK$1.14 on sales of HK$23.31 billion.
Shares rose nearly 2%.

Sumber : MT Newswires