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Trump Jolts China Markets as Tariff Wake-Up Call Punctures Rally

(Bloomberg) -- Donald Trump’s additional 10% tariffs on Chinese goods again brought geopolitical risks to the forefront of investors’ mind, prompting the biggest selloff in Chinese stocks in months.Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyThe Trump Administration Takes Aim at Transportation ResearchShelters Await Billions in Federal Money for Homelessness ProvidersNYC Office Buildings See Resurgence as Investors Pile Into BondsNYC’s Congestion Pricing

Chinese mainland investors drive surge in Hong Kong stocks

China's mainland investors have played an unprecedented role in a rally on Hong Kong's equity market that has pushed the benchmark index to its highest level since 2022. Mainland investors typically buy or sell Hong Kong-listed shares via the southbound link of the Stock Connect scheme. WHY IT'S IMPORTANT Hong Kong's stock market has risen around 15% this year to reach its highest level since February 2022.