FX.co ★ Hong Kong Stocks Hover at 4-Month Peak

Hong Kong's stock market saw a rise of 174 points, or 0.7%, reaching 24,760 on Wednesday morning. This marks the fifth consecutive session of gains and the highest level in four months. Investor sentiment remained positive as China's economy showed resilience despite U.S. tariffs. According to official data, China's GDP grew by 5.2% year-on-year in the second quarter of 2025, slightly surpassing the 5.1% forecast, although this represents the slowest growth in three quarters. Analysts pointed out that Nvidia's resumption of H20 AI chip sales to China might be a favorable signal for upcoming trade discussions with the U.S. before the August deadline. Most sectors experienced growth, with technology, consumer, and financial stocks leading the way, as traders overlooked a minor decline in U.S. futures following a softer-than-expected core inflation figure for June. There is also growing optimism surrounding the upcoming July Politburo meeting, with expectations of new measures to support growth in the second half of 2025. Early frontrunners in the market included Anta Sports, which rose by 4.5%; Akeso by 3.8%; Trip.com by 3.7%; Kuaishou Technology by 3.0%; and Meituan by 2.2%.