Apr 15, 2025, 11:52 GMT+7RefinitivLess than 1 min read
(Reuters) - China and Hong Kong stocks were flat on Tuesday, as investors awaited more clarity on the trade situation after the Trump administration stepped up probes into semiconductor imports.
** China's blue-chip CSI300 Indexand the Shanghai Composite Indexboth declined less than 0.1% by midday trading break.
** Hong Kong benchmark Hang Sengadded less than 0.2% after swinging between gains and losses during the morning session.
** The U.S. Donald Trump administration has escalated probes into semiconductor imports on national security grounds after exempting some Chinese tech products from steep tariffs.
** The ongoing trade uncertainty weighed on chip stocks for both onshore and offshore markets. The CSI Semiconductor Industry Index slid 1.7% and the electronics subindex lost 1.5%, both giving up most of the gains made on Monday.
** The Hang Seng Tech Indexlost 0.9% in Hong Kong, with electric vehicle (EV) maker Xpengdeclining 3.5% and chip maker SMIC weakening 3.2%.
** "The U.S.-China tariff situation is highly fluid, with changes occurring almost by the hour," Yan Wang, chief emerging markets and China strategist at Alpine Macro, said in a note.
** There is still heightened uncertainty in the near term, so aggressive risk-taking in Chinese stocks is not warranted, he added.
** On the other hand, the CSI Banks Index added 1.4% and consumer staple indexgained 0.4%, helping offset losses in the mainland market.
Sumber : Reuters
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