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China's Service Trade Grows 8.7% In Q1
ANNUAL REPORT 2024
Hong Kong stocks closed (04.16) | The Hang Seng Index fell by 1.91%, ending six consecutive rises. Technology and Autos stocks were under significant pressure, while Golden Industrial Concept stocks strengthened against the trend.
The tariff war situation continues to unfold, and the latest statement from the White House on its official website indicates that commodities exported from China to the USA face tariffs as high as 245%. After opening lower today, Hong Kong stocks fell further, with the Hang Seng Index briefly dropping below 21,000 points, marking the end of six consecutive days of gains.
Hong Kong stocks movement | Lion Holdings (02562) rose over 23% in the morning, cross-border e-commerce is expected to grow significantly. The company is a Southeast Asian e-commerce solution platform under Alibaba.
Lion Rock Holdings (02562) rose over 23% in the early session, as of the time of writing, it increased by 22.95%, priced at 19.5 Hong Kong dollars, with a transaction volume of 0.112 billion Hong Kong dollars.
In March, the retail sales of 50 key large retail enterprises nationwide decreased by 0.3% year-on-year, a decrease that is smaller than in the previous two months.
In March 2025, retail sales of 50 key large retail enterprises nationwide (mainly in the department store format) decreased by 0.3% year-on-year, with the decline narrowing by 4.3 percentage points compared to January and February, indicating the inherent momentum for improved Consumer sentiment and market resilience.
Fed Rate Cuts This Year Still on Despite Tariffs-Induced Inflationary Pressures, Jefferies Says