Hong Kong Stocks Close Mixed as Investors Await Key Quarterly Results, Powell’s Speech

Market Express2025-08-18

Hong Kong stocks closed mixed on Monday, with investors focused on the earnings from more than 20 blue chips and Federal Reserve chair Jerome Powell’s speech at the annual Jackson Hole symposium.

The Hang Seng Index fell 0.4%, while the Hang Seng Tech Index gained 0.7%.

In terms of star stocks, NIO rose 7%; Pop Mart rose 5%; JD.com rose 3%; Bilibili, NetEase, and Mixue Group rose 2%; XPeng, Li Auto, and Baidu rose 1%. While Laopu Gold fell 3%; SMIC fell 2%; Tencnet fell 0.8%.

Corporate results are in the spotlight as the earnings season is in full swing. Twenty-three companies on the Hang Seng Index have disclosed interim results, with profit growth averaging 11 per cent versus 17 per cent for the preceding six-month period, according to Bloomberg data.

The call for more stimulus measures from Beijing has also grown louder after official data last week showed that China’s growth weakened in July.

Powell’s speech on Friday will shed more light on the quantum of US rate cuts to prevent the jobs market from cooling further. Traders have priced in a more than 80 per cent chance of a quarter-point reduction next month.

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Comments

  • in HIS MercyGrace
    2025-08-18
    in HIS MercyGrace
    Great article, would you like to share it?
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