Jan 22, 202509:41GMT+7
(Reuters) - China and Hong Kong stocks weakened on Wednesday after U.S. President Donald Trump hinted at potential new tariffs on Chinese imports, ending a brief reprieve for the markets.
The blue-chip CSEI 300 Indexdeclined 1.1% in early trade, the biggest retreat in nearly two weeks, and the Shanghai Composite Indexlost 0.9%.
Hong Kong's benchmark Hang Seng Index lost 1.5%, pulling back from a one-month high.
Sentiment took a hit after Trump said on Tuesday that his administration was still considering a 10% punitive duty on Chinese imports due to fentanyl issues.
That put an end to the short-lived relief in Tuesday's Asian trading hours after Trump held off announcing any China-specific tariffs on his first day back in office.
Sentiment will continue to come under pressure, which would weigh on risk assets, as there is a chance that Trump might announce more drastic measures to achieve his goals, analysts at Citic Securities said in a note.
Leading declines onshore, the real estate sectortumbled 2.4% to pare gains made the previous day.
China's chip sector also gave up earlier gains to decline 0.6%, after Trump announced a private sector investment of up to $500 billion to fund infrastructure for artificial intelligence to outpace rival nations.
Sumber : Reuters
powered by: IPOTNEWS.COM
