4 June 2025, 06:50 Hong Kong: Stocks Extend Gains.
Equities in Hong Kong rose 114 points or 0.5% to 23,626 around noon on Wednesday, marking the second straight session of advance amid strength mainly from consumer and tech sectors. A positive lead from Wall Street overnight supported sentiment, ahead of anticipated discussions later this week between U.S. President Donald Trump and Chinese President Xi Jinping, where trade and tariff disputes are expected to take center stage. Meanwhile, local media said that Hong Kong is looking to issue infrastructure and green bonds in offshore renminbi, Hong Kong dollar, euro, and US dollar terms, as part of the government's sustainable bond program. Turning to fresh data, private sector activity in the city shrank the least in three months during May, according to a private survey, with sales to the mainland stabilizing following declines in recent months. Leading gains were seen in Smoore Holdings (6.2%), Mixue Group (4.9%), Pop Mart International (4.1%), Xiaomi Corp. (2.2%), and Meituan (1.5%).
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