January 15, 2025 at 03:45 am EST
(MT Newswires) -- Hong Kong stocks closed in green after fluctuating during the trading day stemming from slower economic growth expectations set by economists, trade tensions with the U.S., and anticipations towards the key economic data of U.S. and China coming this week.
The Hang Seng Index rose 0.34%, or 66.29 points, to close at 19,286.07 on Wednesday. The Hang Seng China Enterprises Index rose 0.35%, or 24.24 points, to end at 7,011.60.
China is set to reveal its fourth-quarter economic growth on Friday while the U.S. will be releasing its inflation data for December 2024 on Wednesday.
Meanwhile 64 economists polled by Reuters expect China's economic growth to slow to 4.5% in 2025 and wither further to 4.2% in 2026 as per a median forecast.
At the same time, the country's gross domestic product is seen to have grown 4.9% in 2024, nearing the 5% target set by Beijing, the report said.
The US has also banned imports from about 37 companies spanning the textile, mining, and solar energy sectors on allegations of abuse against the Uyghur population in western China, Reuters reported Tuesday.
In corporate news, Beijing Saimo Technology opened 2.4% higher on its first trading day on the Hong Kong bourse Wednesday and closed at HK$13.18 per share, up 1.46% from its IPO price of HK$12.99.

Sumber : MT Newswires