Hong Kong stocks traded near a three-week high as investors weighed the prospect of stimulus measures from Beijing against the backdrop of heightened trade tensions.
The Hang Seng Index slipped less than 0.1 per cent to 19,742.46 at the close in rangebound trading. The Hang Seng Tech Index slid 0.3 per cent. The CSI 300 Index dropped 0.5 per cent and the Shanghai Composite Index fell 0.4 per cent.
Online travel agency Trip.com Group rallied on optimism about the business outlook after China’s recent expansion of the list of visa-free countries. Semiconductor Manufacturing International Corp (SMIC) rose on expectations about rising demand for domestic chips after China’s state-backed industry associations called for the shunning of US chips. Property developer New World Development (NWD) slid on concerns about corporate governance following the replacement of its CEO.
China plans to restrict exports to the US of minerals that are…
