21.08.202502:22:15UTC+00Hong Kong Equities Subdued

Hong Kong's stock market remained relatively stable on Thursday morning, maintaining its position near 25,174 points following a slight gain in the prior session. Investors were evaluating the Federal Open Market Committee's latest meeting minutes, which indicated a persistent hawkish stance due to ongoing inflation concerns. Meanwhile, U.S. President Trump has reportedly urged Federal Reserve Governor Lisa Cook to step down amid accusations of falsifying information to obtain advantageous mortgage conditions. In China, the stock markets experienced further gains as investors redirected funds into equities despite persistent trade tensions with the U.S. Additionally, Beijing continued to impose measures against excessive competition. The sector performance varied, with gains in property and financial sectors counterbalancing the declines seen in technology and consumer categories. Noteworthy movements included a 2.6% drop for Baidu following a revenue shortfall, with Zhejiang Leapmotor falling 3.3%, Trip.com down by 1.7%, and Techtronic Industries decreasing 1.3%. Conversely, H World Group rose by 6.3%, China Hongqiao Group increased by 2.5%, and China Unicom advanced by 2.2%.