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Hong Kong Stocks Open Flat As Trump-Xi Meeting Inches Closer

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Hong Kong stocks traded flat at the start of Monday's trading session, shrugging off last week's central bank rate hike and bracing for the highly anticipated summit between US President Donald Trump and Chinese President Xi Jinping.

The Hang Seng Index opened marginally lower at 24,748.45. The Hang Seng China Enterprises Index barely moved, opening 4.06 points higher to 8,229.46.

Investors will be closely watching the meeting between the two geopolitical leaders, scheduled for Thursday in Washington, on matters including technology, trade, and tensions in the Middle East.

In the lead-up to the main event, U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng over the weekend discussed holding a "U.S.-China AI Dialogue," with the U.S. suggesting the two nations adopt a notification-style setup to warn each other about AI incidents.

What else is happening in Asia?

Asia

Newlink Technology's Potential Acquisition of HK Ant Global Investment Falls Through

Newlink Technology (HKG:9600) terminated a memorandum of intent for the potential acquisition of HK Ant Global Investment.The parties had entered the memorandum in May, a Friday bourse filing showed.

HKG:9600
Asia

New Concepts Raises HK$4.9 Million from Share Issue

New Concepts Holdings (HKG:2221) completed the issue of 5 million new shares to Du Lei to raise net proceeds of nearly HK$4.9 million.The parties had entered into the share subscription agreement earlier in September, a Friday bourse filing showed.The construction company plans to use proceeds for general working capital.

HKG:2221
Asia

Eternity Investment Unit, Director Dispose Of Stake in China Healthwise

Eternity Investment (HKG:0764) unit Eternity Finance and executive director Lei Hong Wai agreed to sell around 169 million and 18.7 million respective shares in China Healthwise (HKG:0348).The shares, representing an 18.3% and 2% stake in China Healthwise, respectively, were sold to Hwa Sheng International Investment at HK$0.08 apiece, a Friday bourse filing showed.The company will receive a consideration of around HK$13.5 million from the disposal and cease to hold any stake in China Healthwise following completion.Proceeds will be used to repay a margin loan, as well as for general working capital.

HKG:0348HKG:0764