Hong Kong stocks rise in subdued trading as US-China tariff deadline looms

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Stock trading in Hong Kong was subdued on Monday ahead of the expiry of the US-China tariff deadline and earnings from China’s biggest technology companies.

The Hang Seng Index fluctuated between gains and losses, before closing 0.2 per cent higher at 24,906.81. The Hang Seng Tech Index finished almost unchanged. On the mainland, the CSI 300 Index and the Shanghai Composite Index gained at least 0.3 per cent.

BYD Electronic International jumped 6.2 per cent to HK$38.68 and Xinyi Solar Holdings rallied 5.1 per cent to HK$3.32. Alibaba Group Holding added 1.9 per cent to HK$118.50. Limiting gains, Macau casino operator Galaxy Entertainment slumped 2.9 per cent to HK$39.56 and parcel delivery firm ZTO Express lost 2.4 per cent to HK$159.90.

Investors are in for an eventful week, with developments awaited on the tariff front, economic data and earnings results. The 90-day tariff ceasefire between Beijing and Washington expires on Tuesday…

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