Author: @aljif7
Platform: Hive-
Date: Wednesday 2 July 2025
Category: Daily Life
After a holiday of Handover, the market shows uncertainties... but the liquor doing well.
Hong Kong stocks edged higher on Wednesday as traders returned from a local holiday, with the Hang Seng Index climbing 0.6% to 24,220.65, led by gains in the property sector.
Defensive sectors like banking and liquor distillers provided support onshore, while tech and semiconductor stocks weighed, both falling 1.7%. Regionally, MSCI’s Asia ex-Japan index nudged up slightly, though Japan’s Nikkei fell 0.7%.
Global trade tensions remained front of mind after U.S. President Trump signaled no extension to the July 9 deadline for trade deals. Talks with India are reportedly advancing, while progress with Japan remains unclear.
BlackRock Investment Institute took a neutral stance on Chinese equities for the second half, citing policy and stimulus uncertainties, but highlighted potential opportunities in sectors likely to receive targeted government support.
The Hang Seng Index is at 24,262.10 points at the moment of this post.
Overall, markets remain in wait-and-see mode as geopolitical and trade-related risks continue to temper momentum.