Hong Kong Stocks End Flat as US-China Tensions Persist; Yunji Technology Rises on Debut

Published on 10/16/2025 at 04:54 am EDT
(MT Newswires) -- Hong Kong equities closed flat on Thursday as investors weighed escalating US-China tensions and their potential market implications.
The Hang Seng Index finished little changed at 25,888.51, while the Hang Seng China Enterprises Index barely moved in positive territory to close at 9,259.46.
Chinese state media issued a seven-point rebuttal to US criticism of Beijing's rare earth export controls, according to a report by Reuters.
Beijing has maintained that it informed Washington ahead of the announcement and that the curbs align with long-standing practices in other major economies.
When asked whether the two nations risked a prolonged trade war without an agreement, US President Donald Trump responded, "Well, you're in one now."
"We have a 100% tariff. If we didn't have tariffs, we would be exposed as being a nothing," Trump said.
Meanwhile, US Treasury Secretary Scott Bessent said Washington was not seeking to escalate the conflict, adding that Trump remains ready to meet Chinese President Xi Jinping in South Korea later this month.
In corporate news, Beijing Yunji Technology made a firm debut in Hong Kong, closing 26% higher at HK$120.50 compared with its offer price of HK$95.60.
Meanwhile, Xinchen China Power advanced 17% after announcing plans to acquire up to a 60% stake in Zhonghang Lantian Equipment Manufacturing through a mix of equity transfer and capital injection.

Sumber : MT Newswires