Jun 30, 2025, 15:41 GMT+71 min read
(MT Newswires) - Hong Kong stocks declined Monday after official data showed China's factory activity continued to struggle in June, weighed down by US tariffs and sluggish overseas demand weighing on activity.
The Hang Seng Index fell 211.87 points, or 0.9%, to 24,072.28, while the Hang Seng China Enterprises Indexdropped 84.17 points, or 1.0%, to 8,678.30.
China's manufacturing sector contracted for a third consecutive month in June, albeit at a slower pace, as gains in new orders, purchasing volumes, and supplier delivery times pointed to the early impact of policy support introduced since late last year.
The National Bureau of Statistics' purchasing managers' index edged up to 49.7 in June from 49.5 in May, in line with the Reuters consensus but still below the 50-point threshold that separates growth from contraction.
Still, business confidence remained fragile, Monday's data showed, with employment, export orders, and factory-gate prices continuing to decline, fuelling expectations for further stimulus as the government grapples with US President Donald Trump's trade measures and ongoing weakness in the property market.
Hong Kong financial markets will be closed tomorrow, July 1, to commemorate the handover of the city from the UK to China. It will reopen on Wednesday, July 2.
In corporate news, three companies made their debut on the Hong Kong bourse.
IFBH Limiteda beverage maker, closed at HK$39.50, up 42% from its IPO price of HK$27.80.
Medtide Inc., a peptide-focused CRDMO, ended the session at HK$30.80, up 1% from its IPO price of HK$30.60.
Unisound AI Technology, a Chinese AI services provider, finished at HK$296.40, marking a 45% gain from its IPO price of HK$205.00.

Sumber : MT Newswires