HK stocks level off after morning's steep dive, climb

Hong Kong stocks see-sawed in Wednesday's afternoon trading session as markets awaited US President Donald Trump's new reciprocal tariffs.

The benchmark Hang Seng Index fell 4 points, or 0.02 percent, to 23,202 at the close.

It ended the morning trade with a 15-point increase, after once dropping below the 23,000-point mark.

The full-day market turnover was HK$216.6 billion.

The Hang Seng Tech Index grew 0.35 percent. Shares of Xiaomi (1810) extended their loss, falling 4.2 percent on Wednesday, following a fatal crash involving its electric vehicle.

The best performer among blue chip stocks was Chow Tai Fook Jewellery (1929), whose shares jumped by over 10 percent.

The A-share market remained dull on the day.

STAFF REPORTER