Highly anticipated call provides little to stoke risk appetite, though a deal on TikTok’s US operations appears imminent
Hong Kong stocks slipped on Monday after a highly anticipated call on Friday between US President Donald Trump and Chinese President Xi Jinping provided investors with little to encourage risk appetite.
The Hang Seng Index lost 0.5 per cent to 26,423.78 as of 9.45am local time, giving up much of last week’s 0.6 per cent gain. The Hang Seng Tech Index dropped 0.6 per cent. On the mainland, the CSI 300 Index and the Shanghai Composite Index both lost about 0.1 per cent.
Chinese sportswear giant Anta Sports Products dropped 3.7 per cent to HK$93.20, while Bank of China fell by 0.5 per cent to HK$4.31.
Limiting losses, Sunny Optical Technology, the world’s largest manufacturer of smartphone camera lenses, jumped 3.9 per cent to HK$84.85.
