2025.04.0208:13:02UTC+00Hang Seng Muted at Finish

The Hang Seng Index concluded nearly unchanged at 23,202 on Wednesday, following slight gains in the previous session. The advancements in the technology and financial sectors were counterbalanced by declines in property and consumer sectors. Investors are anticipating President Trump's announcement regarding new reciprocal tariffs scheduled for later today. According to the White House, these new tariffs are set to be implemented immediately, with a separate 25% tariff on automobile imports beginning on April 3. Meanwhile, geopolitical tensions heightened as China conducted a second consecutive day of military exercises around Taiwan, affecting market sentiment. Although China reported positive manufacturing data for March, concerns arose about the potential impact of additional trade barriers on the sector in the coming months. Xiaomi Corp. saw a significant drop of 4.3% to a six-week low due to concerns surrounding a fatal electric vehicle accident. Conversely, XPeng declined slightly by 0.2%, despite a year-over-year sales increase of 268% in March, resulting in 33,205 units delivered. On the positive side, Zhejiang Leapmotor soared by 12.1%, and Chow Tai Fook Jewellery recorded an impressive gain of 9.6%.