Hong Kong shares climbed 174 points or 0.7% to 24,760 on Wednesday morning, extending gains for the fifth session and notching their highest level in four months. Sentiment remained upbeat as China’s economy appeared resilient despite U.S. tariffs. Official data showed the country’s GDP grew 5.2% yoy in Q2 2025, slightly above a 5.1% forecast, though it was the slowest pace in three quarters.
Meanwhile, analysts noted that Nvidia’s resumption of H20 AI chip sales to China could signal a positive tone for trade talks with the U.S. ahead of the August deadline. Most sectors rose, led by tech, consumer, and financial stocks, as traders shrugged off a modest dip in U.S. futures after a softer-than-expected core inflation print for June. Optimism also grew around the upcoming July Politburo meeting, with hopes it may deliver fresh measures to sustain growth in H2 of 2025. Early gainers included Anta Sports (4.5%), Akeso (3.8%), Trip.com (3.7%), Kuaishou Tech. (3.0%), and Meituan (2.2%).
