Hong Kong Stocks Extend Losses on Rising US-China Trade Tensions; COSCO Shipping Rises

Published on 10/14/2025 at 04:57 am EDT
(MT Newswires) -- Hong Kong equities fell for a second consecutive session on Tuesday as investors weighed escalating geopolitical risks, with Beijing and Washington keeping the door open for dialogue despite renewed trade frictions.
The Hang Seng Index shed 448.13 points, or 1.7%, to 25,441.35, while the Hang Seng China Enterprises Index declined 143.38 points, or 1.6%, to 9,079.16.
China sanctioned five US units of South Korea's Hanwha Ocean and warned of further action against the shipping industry, marking the latest escalation in trade tensions with Washington.
Separately, the United States and China began imposing new port fees on ocean-shipping companies carrying goods ranging from consumer products to crude oil.
Beijing began collecting special port fees on vessels that are US-owned, operated, built, or flagged, while exempting Chinese-built ships, according to state broadcaster CCTV .
Earlier this year, the Trump administration unveiled similar port charges on China-linked vessels as part of efforts to counter Beijing's dominance in global shipping and strengthen its domestic shipbuilding sector.
In corporate news, COSCO Shippingclosed over 4% higher as Chinese shipbuilders advanced following Beijing's sanctions on Hanwha Ocean's US units.
The company also said its board approved a share buyback of up to 1.5 billion yuan.

Sumber : MT Newswires