Hong Kong's Hang Seng Index opens up 0.02%, Hang Seng Tech Index down 0.28%

Hong Kong's Hang Seng Index opens up 0.02%, Hang Seng Tech Index down 0.28%

The Hang Seng Index (HSI) opened up 0.02% on July 2, 2025, while the Hang Seng Tech Index (HSTECH) experienced a decline of 0.28% [1]. This mixed performance reflects the ongoing market sentiment and geopolitical uncertainties.

On July 7, 2025, the Hang Seng Index gained 0.86% as China avoided U.S. President Trump's tariff list, boosting the sentiment for tech and EV stocks [2]. Tech heavyweights such as Baidu, Alibaba, and JD.com rallied, contributing to a 1.4% gain in the Hang Seng TECH Index.

However, the broader Hang Seng Index's performance on July 2, 2025, was subdued compared to its July 7, 2025, rally. This could be attributed to several factors, including the ongoing trade tensions and global economic uncertainties.

The Hang Seng Investment Index Funds Series, tracking the Hang Seng Tech Index, closed at 5.210 on July 2, 2025, with a 0.00% change [2]. Meanwhile, the CSOP Leveraged and Inverse Series, which is a 2x leveraged product on the Hang Seng TECH Index, closed at 4.980, showing an 0.85% increase [2].

Investors remained cautious due to the upcoming China's June CPI and PPI data, with persistent deflation risks [4]. Despite these concerns, most sectors, including financials, tech, and consumer stocks, advanced in the local market.

The Hang Seng Index's performance on July 2, 2025, reflects a mixed sentiment, with some optimism from the tech sector's recent gains and ongoing geopolitical uncertainties. The market's reaction to the upcoming economic data and potential trade developments will be critical in determining the index's future trajectory.

References:
[1] https://www.fxempire.com/forecasts/article/hang-seng-index-news-tech-surge-tariff-relief-spark-bullish-momentum-1531840
[2] https://finance.yahoo.com/quote/HSTECH.HK/
[4] https://www.tradingview.com/news/te_news:468454:0-hong-kong-equities-rise-after-3-day-slide/