During the week of May 5ā9, U.S. and Hong Kong equities saw muted overall moves amid tariff headlines, central bank caution and a landmark U.S.āU.K. trade deal:
U.S. Markets: $S&P 500(.SPX)$ snapped its nine-day winning streak on Monday as President Trumpās imposition of fresh 100% tariffs on foreign-made films spooked investors. Mid-week relief came after the Federal Reserve held rates steady and semiconductor stocks rallied late on hopes of eased AI-chip restrictions. Thursdayās announcement of the first new U.S.āU.K. trade agreement under this administrationāreducing U.K. car tariffs and opening agricultural accessāfurther lifted sentiment, though major indices still finished the week slightly lower: the S&P 500 fell 0.47% and $NASDAQ(.IXIC)$ Composite declined 0.27%, while $Dow Jones(.DJI)$ edged down modestly.
Hong Kong Market: In contrast, $HSI(HSI)$ rose approximately 1.61% over the same period, buoyed by optimism around Beijingās potential stimulus measures and the spillover effects of U.S.āChina and U.S.āU.K. trade discussions.
Overall, markets oscillated between trade-policy anxieties and relief-driven rebounds, reflecting investor caution even as hopes grew for broader tariff de-escalation.
Competition Highlights:
š¹ Most-traded stock: $Tesla Motors(TSLA)$
Last week, Tesla topped trading volumesāturning over more than 112 million shares, roughly 45Ć its three-month averageāas a perfect storm of its Q1 delivery and revenue misses, a Bloomberg-sourced delay of its entry-level Model Y, and Elon Muskās shifting political commitments sparked extreme buy-and-sell swings and pushed volatility to multi-year highs.
š¹ Top-performing stock: $TENCENT(00700)$
Last week, Tencent led the Hang Sengās gains as record southbound Stock Connect inflows of HK$435 billion poured into Hong Kong tech shares, its stock rallying on the back of guidance for a ālow-teensā boost in AI and infrastructure spending in 2025, and renewed optimism over a 90-day U.S.āChina tariff truce that eased geopolitical concerns
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