China, HK Stocks Edge Up on Hopes for Trade Talks, More Stimulus

Hong Kong,–China and Hong Kong Stocks Inched Higher on Tuesday as Investors Remained Cutiously Positive and Awaited News from from high-level us-china trade talks in longon, Whilee WHEK Chinese Economic Data Fuelled Expectations of More Stimulus from Beijing.

The trade talks extended to a second day as top economy officials from Threatening a Global Supply Chain Shock and Slower Economic Growth.

China’s Blue-Chip CSI300 Index Climbed 0.2% by the Lunch Break, While The Shanghai Composite Index Rose a Moderate 0.1%.

In Hong Kong, Both Benchmark Hang Seng and the Hang Seng China Enterprises Index Went Up 0.3%.

“Us-china talks are definitely the focus for markets this week, yet after the first day of negotiations we’ree

The two parties are negotiating more complex strategic Issues like rare earths, semiconductors and students who are unlikely to be resolved in this meeting, he said, so markets aray bath Approach after the Initial Optimism.

The Meeting Comes at a Critical Time When China’s Exports to the Us Plunged 34.5% in May, While Its Domestic Deflationary Pressures Worsned.

By Midday, Real Estate and Healthcare Stocks Led the Gains, with Hang SenG Mainland Properties Gaining 3% and Hang Seng Healthcare Up 2.6%.

An index tracking onshore pharma and biotech companies also advanced 0.9%. But defense stocks dropped 1.7%.

Weaker-Than-Expended Trade and Inflation data on monday is adding to investor hopes of more government stimulus, bob savage, head of markets macro strategy at bny, said in a note.

China will provide social insurance subsidies to eligible college graduates and individuals with Employment differenties, Raise Minimum Wage Standards, and Increase the Suppply of Affordable Housing, According to new Government Guidelines Released on Monday.

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