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Home » Hong Kong stocks waver on China’s mixed economic data; drug companies lead decline
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Hong Kong stocks waver on China’s mixed economic data; drug companies lead decline

adminBy adminJune 16, 2025No Comments1 Min Read
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Hong Kong stocks swung between gains and losses after China reported a mixed bag of economic data from May.

The Hang Seng Index rose 0.1 per cent to 23,907.52 as of 10.23am local time. The Hang Seng Tech Index gained 0.4 per cent.

On the mainland, the CSI 300 Index climbed 0.1 per cent, and the Shanghai Composite Index added 0.2 per cent.

Drug companies led the decline. Wuxi Biologics slumped 6.3 per cent to HK$26.30, Sinopharm Group lost 4 per cent to HK$18.44 and Sino Biopharmaceutical retreated 2.7 per cent to HK$5.38.

Tempering losses, Chow Tai Fook Jewellery Group jumped 5.4 per cent to HK$13.64 on higher gold prices. China Life Insurance added 2.7 per cent to HK$18.40, and China Merchants Bank gained 2.4 per cent to HK$53.10.

Retail sales grew 6.4 per cent last month, the fastest pace since December 2023, the National Bureau of Statistics said on Monday. That exceeded all the estimates of the economists polled by Bloomberg.



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