Aljif7's Blog
Thursday 7 August, 2025
AREA: Finance
Hong Kong Stocks Retreat as Tech and Consumer Sectors Drag; Trade War Fears Resurface
Hong Kong equities edged lower on Thursday, breaking a three-day winning streak as sentiment wavered amid renewed trade tensions and cautious investor outlook ahead of key economic data.
The Hang Seng Index hovered around the 24,906 level, weighed down by broad-based losses in technology and consumer discretionary shares. The retreat followed U.S. President Donald Trump’s announcement of a proposed 100% tariff on imported semiconductors—a move that sparked fresh fears of an escalating trade war between the U.S. and China.
HSI is at 25,041 Points at the moment of this post.
Then, Market sentiment was further dampened as investors adopted a wait-and-see approach ahead of China’s July trade data, scheduled for release later in the day. Trump’s unpredictable tariff policies have intensified pressure on China’s export-dependent economy, raising concerns about weakening external demand.
Despite the downbeat mood, losses were partially cushioned by a modest uptick in U.S. futures, as trading partners scrambled to finalize deals before the looming tariff deadline. This provided a slight boost to risk appetite, with some market participants betting on short-term resilience in global supply chains.
On the monetary policy front, speculation mounted over a potential Federal Reserve rate cut in the coming months. Hopes that corporate earnings could withstand ongoing trade headwinds also offered a glimmer of optimism, supporting pockets of buying interest in select sectors.
However, not all sectors fared well. Cathay Pacific slid nearly 2% after the airline issued a profit warning, citing falling airfares, operational challenges at its low-cost carrier HK Express, and a soft outlook for air cargo demand—highlighting ongoing pressures in the transportation sector.
Healthcare stocks also came under pressure, with biotech names leading the declines. Akeso tumbled 5.3%, Innovent Biologics dropped 5.0%, and Hansoh Pharma fell 3.2%, reflecting broader risk-off sentiment and profit-taking in high-growth segments.
Looking ahead, market participants will closely monitor China’s trade balance figures and any further developments in U.S.-China trade rhetoric.
With geopolitical uncertainty lingering, analysts suggest volatility may persist, even as underlying hopes for monetary easing and corporate resilience provide some support.
*— Market Wrap | Thursday, 7 August 2025
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