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In focus as Hong Kong sees IPO activity, with Kaifeng Millennium City Park filing and RedNote operator Xiaohongshu reportedly preparing a listing.

International

Hong Kong Inflation Remains Steady in April

Hong Kong's consumer inflation held steady at 1.7% year over year in April, unchanged from the previous month, according to figures released Thursday by the city's Census and Statistics Department.The city's composite consumer price index, or underlying inflation rate, also held steady from the previous month at 1.6%.On a seasonally adjusted basis, the composite CPI was flat on average in the three months ending April, compared with a 0.2% average monthly increase in the three months ending March.After netting out the effects of all one-off relief measures, the corresponding average monthly rates of change were both 0.1%, the department said.A government spokesman said price increases in fuel-related components were offset by limited rises in other components, keeping overall inflation moderate during the month.The spokesman cautioned that the Middle East conflict could push up fuel-related consumer prices in the coming months."The final impacts would hinge on the evolving situation in the Middle East. Yet, price pressures from other fronts are generally contained, which should help rein in the potential upward pressure on overall inflation," the spokesman said.

Hang Seng
Asia

Hong Kong Stocks Extend Losses; Deepexi Technology Plunges 17%

Hong Kong stocks fell for a second straight session on Thursday as investors remained cautious while awaiting a breakthrough in the Middle East.The Hang Seng Index declined 264.60 points, or 1%, to end at 25,386.52, while the Hang Seng China Enterprises Index decreased by 129.81 points, or 1.5%, to close at 8,475.32.Pakistan intensified diplomatic efforts to bring Iran and the U.S. back to the negotiating table as the two sides remain at odds, Reuters reported.With no visible progress toward ending the conflict in the Middle East, oil prices were again trending higher, raising concerns about inflation and the broader impact on the global economy.Meanwhile, Russian President Vladimir Putin left China without securing any major breakthrough on the long-delayed Russia-to-China natural gas pipeline project.Despite years of negotiations, the proposed Power of Siberia 2 pipeline remains stalled over unresolved issues, including gas pricing terms and flexibility on supply volumes.In corporate news, shares of Deepexi Technology (HKG:1384) slumped 17% at market close after disclosing that it is seeking to raise HK$395 million via private placement.The enterprise AI company is offering 7.9 million new H shares at HK$50.58 each to raise funds to expand its business overseas.

Hang SengHKG:1384
International

Oil, Interest Rates, Geopolitics Undercut Asian Stock Markets

Asian stock markets largely declined Wednesday as tech issues again waffled, and traders weighed prospects for peace in the Persian Gulf.Hong Kong, Shanghai, and Tokyo finished in the red, as did most other regional exchanges.In Japan, the Nikkei 225 opened lower and declined thereafter, closing down 1.2%, marking the fifth-straight trading day in the red.The benchmark Nikkei 225 fell 746.18 to 59,804.41, as losing issues outnumbered gainers 181 to 42.Leading the upside was industrial conglomerate UBE, up 20.9% after disclosing plans to boost dividends, while machine tool manufacturer Okuma declined 10%.In Hong Kong, the Hang Seng Index opened lower and could not recover, closing down 0.6% on the uncertain Middle East outlook, and as interest rates edged up.The broad gauge Hang Seng fell 146.73 to 25,651.12, as losing issues outnumbered gainers 60 to 30. The Hang Seng TECH Index gained 0.3 % on the day, while the Mainland Properties Index fell 1.3%.Leading the upside was Semiconductor Manufacturing International, gaining 9.7%, while Laopu Gold declined 6.9%.On the mainland, the Shanghai Composite fell 0.2% to 4,162.18.On the other regional exchanges, the South Korean KOSPI fell 0.9%; the Taiwan TWSE declined 0.4%; the Australian ASX 200 declined 1.3%; the Singapore Straits Times Index fell 0.5%, and the Thai Set advanced 0.8%. In late trading in Mumbai, the Sensex was up 0.1%The MSCI All Country Asia Pacific Index fell 0.7% on the day.In other news, Bank Indonesia raised its benchmark interest rate by 0.50% to 5.25%, citing a need to strengthen the rupiah, the nation's currency.

Hang SengNikkei 225Shanghai Composite
Asia

Hong Kong Stocks Retreat; Top Numerical Control Rises as UISEE Slides in Debut

Hong Kong shares slid back into the red on Wednesday as investors tracked regional developments.The Hang Seng Index fell by 146.73 points, or 0.6%, to end at 25,651.12, while the Hang Seng China Enterprises Index decreased by 34.83 points, or 0.4%, to close at 8,605.13.Russian President Vladimir Putin is in China for a state visit to meet his counterpart Xi Jinping for talks on several issues, including energy exports via the long-delayed Power of Siberia 2 gas pipeline.Putin invited Xi to visit Russia in 2027, saying that the ties between their two countries were at "an unprecedented level."In local development, Hong Kong's seasonally adjusted unemployment rate stood at 3.7% for the February to April period, unchanged from January to March.In corporate news, market debutants moved in opposite directions on their first day of trading.Shanghai Top Numerical Control Technology (HKG:7688) had a stellar stock market debut as it closed at HK$47.50 per share, up 80% from its IPO price of HK$26.39.In contrast, UISEE Technologies (HKG:1511) finished at HK$57.50 per share, down 5% from its listing price of HK$60.30.

Hang SengHKG:1511HKG:7688
Asia

China to Issue Up to 6 Billion Yuan in Green Renminbi Bonds in Hong Kong

China is looking to raise up to 6 billion yuan in green sovereign bonds in Hong Kong starting on the week of May 25, the Finance Ministry said Wednesday.The ministry will issue specifics on the renminbi-denominated issuance prior to the launch.

Hang SengShanghai Composite^SZSE
Asia

Market Chatter: Chinese Robotic Hand Maker Linkerbot Mulls Hong Kong IPO

Beijing-based robotic hand maker Linkerbot is considering going public in Hong Kong and has hired three banks, including HSBC, to work on the potential share sale that could take place this year, Bloomberg News reported Tuesday, citing people with knowledge of the matter.Other firms hired for the potential IPO include China Merchants Bank and Citic Securities, with plans to raise a few hundred million dollars, the report said.Deliberations are underway, and no final decision has been made yet, according to the news outlet.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Hang Seng
International

Persian Gulf Outlook Roils Asian Stock MarKets

Asian stock markets turned in a choppy Tuesday, as traders weighed evolving media reports regarding Persian Gulf hostilities and softer oil prices.Brent oil futures eased lower by 1.7%, to $110.22 a barrel, during Asian market hours.Hong Kong and Shanghai gained ground, while Tokyo finished in the red. Other regional exchanges were choppy.In Japan, the Nikkei 225 traded higher on a strong economic report, but finished off 0.4% as tech issues sagged, following softness in US peer issues.The benchmark Nikkei 225 fell 265.36 to 60,550.59, as losing issues outnumbered gainers 156 to 67.Leading the upside was video-game maker Konami, up 9.2%, while electronic-products maker Fujikura fell 17%.In economic news, Japan's Q1 gross domestic product (GDP) expanded by 0.5%, or at a 2.1% annual rate, reported the Cabinet Office.In Hong Kong, the Hang Seng Index opened evenly and gained in trading, closing up 0.5% as traders weighed Middle East outlooks and supported tech shares.The broad gauge Hang Seng rose 122.67 to 25,797.85, as gaining issues outnumbered losers 45 to 43. The Hang Seng TECH Index rose 0.3% on the day, while the Mainland Properties Index fell 0.5%.Leading the upside was state oil-giant CNOOC, gaining 3%, while Li Auto declined 4.3%.On the mainland, the Shanghai Composite rose 0.9% to 4,169.54.On the other regional exchanges, the S. Korean KOSPI fell 3.3%; the Taiwan TWSE declined 1.8%; the Australian ASX 200 inclined 1.2%; the Singapore Straits Times Index rose 1.5%, and the Thai Set declined 0.1%. In late trading in Mumbai, the Sensex was down 0.2%.The MSCI All Country Asia Pacific Index fell 0.6% on the day.

Hang SengNikkei 225Shanghai Composite
International

Hong Kong's Unemployment Unchanged at 3.7%

Hong Kong's seasonally adjusted unemployment rate stood at 3.7% for the February to April period, unchanged from January to March 2026, according to provisional figures released by the city's Census and Statistics department Tuesday.The underemployment rate decreased from 1.6% in January to March to 1.5% in February to April.Total employment decreased by around 7,700 from 3.66 million in January to March to 3.65 million in February to April. Over the same period, the labor force also decreased by around 5,200 from 3.79 million to 3.78 million.Hong Kong Secretary for Labour and Welfare Chris Sun said the city's government was monitoring "elevated geopolitical risks" and its potential impact on the labor market. Nonetheless, the city's "robust growth momentum" should render support to the labor force, Sun said.

Hang Seng
Asia

Hong Kong Stocks Rebound; HSBC Rises

Hong Kong shares rebounded on Tuesday as investors followed updates in the Middle East and Russian President Vladimir Putin's visit to China.The Hang Seng Index rose by 122.67 points, or 0.5%, to end at 25,797.85. The Hang Seng China Enterprises Index increased by 93.06 points, or 0.5%, to 8,639.96.U.S. President Donald Trump said that there was now a "very good chance" of reaching a nuclear deal with Iran as Tehran sent a peace proposal to Washington, sending oil prices lower, Reuters reported.Meanwhile, Putin will be in China from Tuesday to Wednesday for talks with Xi Jinping on economic cooperation and regional issues. Presidential aide Yuri Ushakov stated the trip is unrelated to Trump, Associated Press reported.In corporate news, shares of HSBC (HKG:0005) closed nearly 2% higher after the lender issued $1.50 billion of 6.750% perpetual convertible securities.

Hang SengHKG:0005
International

Oil, China Economic Reports Damp Asian Stock Markets

Asian stock markets sagged on Monday, as the Strait of Hormuz remained closed to oil-tanker traffic, and after Beijing released a slate of tempered economic reports.Brent crude futures traded up 0.9% to $110.29 a barrel during Asian trading hours.Hong Kong, Shanghai, and Tokyo finished in the red, while other regional exchanges were choppy.In Japan, the Nikkei 225 opened lower on Wall Street cues and could not recover, finishing off 0.9% as traders weighed rising petroleum prices, higher domestic inflation, and the outlook for rate hikes from the Bank of Japan.The benchmark Nikkei 225 fell 593.34 to 60,815.95, as losing issues outnumbered gainers 159 to 62.Leading the upside was medical device maker Terumo, up 18.6%, while department store chain Marui declined 8.5%, with both moves following earnings releases.In Hong Kong, the Hang Seng Index closed down 1.1% after Beijing issued a slate of downbeat economic reports. Real estate shares were pummeled.The broad gauge Hang Seng fell 287.55 to 25,675.18, as losing issues outnumbered gainers 77 to 11. The Hang Seng TECH Index lost 2% on the day, while the Mainland Properties Index fell 4.7%.Leading the upside was China Telecom, gaining 6%, while Li Auto declined 14.1%.On the mainland, the Shanghai Composite fell 0.1% to 4,131.53.In economic news, mainland China retail sales in April rose a scant 0.2% on year, reported the National Bureau of Statistics (NBS).The nation's industrial output rose 4.1% on-year in April, but slowed from the 5.7% gain logged in March, added the NBS.Fixed-asset investment declined 1.6% on year in the first four months of 2026, while house prices in the 70-city sample slipped 0.19% on-month in April, according to official figures.On the other regional exchanges, the S. Korean KOSPI rose 0.3%; the Taiwan TWSE declined 0.7%; the Australian ASX 200 declined 1.5%; the Singapore Straits Times Index rose 0.1%, and the Thai Set was steady. In late trading in Mumbai, the Sensex was up 0.1%The MSCI All Country Asia Pacific Index fell 0.7% on the day.

Hang SengNikkei 225Shanghai Composite
International

Asia Week Ahead: Central Bank Moves, Inflation Data, Trade Numbers and GDP Reports

For this week in Asia, the economic calendar features a busy slate of macro releases across the region.The week begins with a slew of closely watched indicators from China, including industrial production and unemployment data.On Tuesday, markets turn to Japan's first-quarter GDP estimates and Malaysia's April inflation print.Wednesday features policy decisions in Indonesia and China, along with trade data from Taiwan.Thursday brings Japan's latest trade figures and Australia's closely watched labor market report. On Friday, Japan returns to the spotlight with its April inflation print.Here's what to watch in the week ahead.MONDAY, May 18The week kicked off with a flurry of macro releases from China.Industrial production: A 4.1% year-over-year expansion was recorded in April, sharply slowing from the 5.7% growth in March and way below expectations of a 5.9% rise.Retail sales: Growth decelerated to 0.2% year on year in April, versus 1.7% a month prior.Unemployment: The rate eased to 5.2% in April from 5.4% a month earlier.Meanwhile, prices of new residential properties in China's first-tier cities grew 0.1% month on month in April, decelerating from the 0.2% expansion in March.Chinese investments in real estate development fell 13.7% year on year to 2.397 trillion yuan between January and April.Outside China, Thailand reported that its gross domestic product grew at a faster rate of 2.8% in the first quarter of 2026 from 2.5% in the last three months of 2025.In Singapore, April trade showed a 24.5% year on year rise in non-oil domestic exports, extending the 15.3% increase in the previous month.Elsewhere, New Zealand's services sector showed a modest improvement in April but remained in contraction, with persistent cost pressures and global shipping disruptions continuing to weigh on sentiment, according to BusinessNZ.The BusinessNZ Performance of Services Index rose to 48.9 in April from 46.2 in March. A reading below the 50-point mark points to contraction.TUESDAY, May 19Markets will turn their attention to Japan's preliminary first-quarter GDP.Economists at ING said they expect the economy to grow at a similar rate as the previous quarter's 0.3% on a seasonally adjusted basis. "The war's impact on GDP should be minimal in 1Q26," the bank said in a preview.Meanwhile, Malaysia will disclose its April inflation print, with Trading Economics expecting prices to rise at a faster pace than the 1.7% year over year growth seen in March. According to the data platform, Malaysia's CPI could rise at a rate of 2.7%.In Australia, the Reserve Bank of Australia's meeting minutes will add color to the central bank's recent decision to increase the official cash rate by 25 basis points to 4.35%.CommBank said the minutes may provide more details on the board's discussion and how members were assessing the impact of the conflict around Iran.A consumer confidence report, due for release the same day, will capture sentiment over the most recent RBA rate hike and the ongoing conflict in the Middle East.Lastly, Hong Kong will report April unemployment stats on the same day.WEDNESDAY, May 20Bank Indonesia will meet for its monetary policy meeting and could raise rates by 25 basis points to 5% amid a depreciation of the local currency and a shift in expectations for Federal Reserve rate cuts, which bodes unfavorably for the Indonesian rupiah, ING forecasted.China will similarly set its one-year and five-year loan prime rates, with markets expecting no change in the prevailing rates of 3% and 3.5%, respectively.Trade data from Taiwan and Malaysia will be due.Taiwan is once again expected to show a "strong reading" when it releases April export orders data, with growth topping 54% year on year, ING said in a preview.The island nation started the year "quite strongly" amid external demand for its main high-tech products, which is expected to continue, according to the note.Meanwhile, Malaysia's trade surplus is expected to narrow to 10.5 billion ringgit from 24.6 billion ringgit in the month prior, Trading Economics forecasted.The Reuters Tankan Index for May, a key gauge of Japanese business confidence, will be due the same day.THURSDAY, May 21Japan will release several economic indicators on Thursday, including April trade data and March machinery orders.The country is expected to report a trade deficit of 29.7 billion yen for the month, reversing from a surplus of 667 billion yen in March, according to a Trading Economics consensus.New Zealand will similarly report its April trade balance, with analysts forecasting a trade surplus of around NZ$840 million, according to a Trading Economics consensus.Neighboring Australia will report labor data for April. Westpac expects unemployment to remain at 4.3%.Elsewhere, Hong Kong will report April inflation data while Macau will disclose first-quarter retail sales stats. In South Korea, the April producer price inflation data will be due.On the activity front, S&P Global will release flash purchasing managers' index reports covering May manufacturing, services, and composite activity in India, Australia and Japan.FRIDAY, May 22Japan's April inflation print will capture headlines on Friday, giving markets a look into how the energy shock from the Middle East conflict is impacting the economy.Economists at ING said energy effects may have a limited impact on growth but a greater impact on inflation, which is expected to clock in at 1.8% year on year in April -- up from 1.5% in March."Higher energy costs are expected to increase overall inflation. The impact, though, will likely be still less significant than that observed in other Asian and developed countries," ING said in a note.Inflation data will also be due in Macau.Meanwhile, Taiwan could see a marginal drop in its unemployment when it releases April labor stats. According to Trading Economics, Taiwan's jobless rate could go down to 3.3% from 3.35%.New Zealand is expected to see a "muted" rise in real retail sales when reporting its Q1 data, Westpac said in a preview. The bank expects a rise of 0.2% for the first three months of the year, versus the 0.9% growth recorded in the previous quarter. "The latter part of March saw fuel prices rising sharply, and that has been a drag on spending," Westpac said.Lastly, South Korea will release a report capturing consumer confidence for May. ING said it expects consumer sentiment to deteriorate further amid inflation hikes and energy headwinds.

ASX 200^BSEHang Seng^JKSEFTSE Bursa Malaysia KLCIKOSPINikkei 225^NSE^NZ50^SETShanghai Composite^STI^SZSETaiwan Weighted
Asia

Hong Kong Stocks Begin Week in Red; Three Mainland Firms File for IPO

Hong Kong shares fell Monday as the ongoing conflict in the Middle East showed no signs of letting up and a closely watched meeting between U.S. President Donald Trump and Chinese President Xi Jinping failed to yield any major trade or geopolitical breakthroughs.The Hang Seng Index fell by around 287.55 points, or roughly 1.1%, to end at 25,675.18, while the Hang Seng China Enterprises Index decreased by 93.06 points, or also around 1.1%, to close at 8,597.97.Fresh drone attacks in the Gulf regions pushed oil prices and bond yields higher on Monday, according to a Reuters report. Investor sentiment was further dampened after President Trump warned that the "clock is ticking" before the U.S. launches harder strikes.Elsewhere, China and the U.S. agreed to establish Trade and Investment Councils, pursue reciprocal tariff reductions, and address non-tariff barriers on agricultural goods. China also pledged to address U.S. concerns on beef plant registrations and poultry exports.However, despite expectations of China buying "double-digit billions" in U.S. farm goods over three years, no details on products, prices, or volume have been released.In corporate news, three mainland firms filed to go public in Hong Kong while another made its trading debut.Chinese AMOLED display designer Viewtrix Technology (HKG:3310) said it was looking to raise HK$1.10 billion via the sale of 52.9 million shares at HK$20.81 apiece. Net proceeds will be used mainly to support the research and development and optimization of AMOLED TDDI chips, the firm said.Shenzhen SDMC Technology (HKG:0901), a Chinese smart home products provider, said it was targeting HK$630 million via an offer of 19.2 million shares at HK$32.80 apiece. Net proceeds will be used mainly to invest in AI home-related technologies, according to the firm.Meanwhile, Chinese AI-driven marketing technology company Beijing DeepZero Technology (HKG:2723) is seeking up to HK$503.3 million by going public in Hong Kong. The firm is offering 9.1 million shares at an indicative maximum price of HK$55.50 per share to raise funds for the research and development of its AI-powered marketing and sales application products.Elsewhere, Robotphoenix Intelligent Technology (HKG:6871) soared in its marketing debut after closing at HK$54.65 per share, 76% higher than the offer price of HK$30.50.

Hang SengHKG:0901HKG:2723HKG:3310HKG:6871
Asia

Grace Fabric Technology Applies for Hong Kong Listing

Grace Fabric Technology (SHA:603256) applied to list its H-shares on the Hong Kong Stock Exchange's Main Board.Grace noted the listing remains subject to approvals from Chinese and Hong Kong regulators, according to a Monday filing with the Shanghai bourse.Shares of the glass fabric products company declined 1% in recent trade.

Hang SengSHA:603256
International

Hong Kong's GDP Grows 5.9% in Q1

Hong Kong's GDP rose 5.9% year over year in real terms in the first quarter, steeper than a 4% rise in the previous quarter, according to revised figures released Friday by the office of the government economist.On a seasonally adjusted quarter-on-quarter basis, GDP increased 2.9%, the statement said.Goods exports and imports climbed 23.7% and 29.8%, respectively, in real terms. Exports and imports of services rose by 3.5% and 4.2%, respectively.Private consumption expenditure increased 4.9% in real terms in the three months, faster than the 2.5% increase in the preceding quarter. Meanwhile, government consumption expenditure rose 3%, a steeper rise than a 1.5% jump seen in the previous quarter."Looking ahead, Hong Kong's economic outlook remains broadly resilient. Strong global demand for advanced electronics and AI‑related products is expected to support export performance, while services exports should remain firm, underpinned by sustained vibrancy in inbound tourism, robust cross-boundary financial activity, and steady demand for business services," the report said.

Hang Seng
International

Correction: Hong Kong's Export, Import Volumes Rise in March

(Corrects Q1 figures in the third paragraph and month in the headline)Hong Kong's March goods export and import volumes rose 28.8% and 34.6% year on year, respectively, the city's Census and Statistics Department said Thursday.Export and import prices rose 5.4% and 5.3% compared with a year earlier, the statement said.For the first quarter of 2026, Hong Kong's goods export and import volumes rose 26.5% and 31.3% year on year, respectively, while prices for both exports and imports rose 4.3%, the department said.

Hang Seng
International

Tech Sell-Off Batters Asian Stock Markets

Asian stock markets retreated Friday as traders weighed geopolitical concerns, inflation, labor issues, and booked profits in regional equity indices that recently struck record highsHong Kong, Shanghai, and Tokyo finished in the red, while Seoul's KOSPI index declined 6%, including an 8.6% tumble in bellwether Samsung Electronics shares after reports of a possible work stoppage at the semiconductor giant.The Samsung Electronics labor union plans an 18-day strike, involving 50,000 employees, from May 21 to June 7, reported The Chosun Daily news organization.In Japan, the Nikkei 225 opened evenly on Wall Street cues but declined in trading, finishing off 2% after Tokyo reported that producer prices had jumped higher in April.The benchmark Nikkei 225 eased 1,244.76 to 61,409.29, as losing issues outnumbered gainers 120 to 99.Leading the upside was industrial engineering and metal melting enterprise Dowa, up 16.1%, while printing outfit Toppan declined 16.6%.In economic news, Japan's producer price index rose 4.9% year-on-year in April, rising from the 2.9% gain logged in March and triggering concerns that the Bank of Japan will soon raise interest rates.In Hong Kong, the Hang Seng Index opened lower and declined steadily, closing down 1.6% after the recent Beijing-Washington summit concluded without any major trade agreements announced. Tech issues led the decline.The broad gauge Hang Seng fell 426.31 to 25,962.73, as losing issues outnumbered losers 76 to 13. The Hang Seng TECH Index lost 2.7% on the day, while the Mainland Properties Index fell 1.2%.Leading the upside was Wuxi Biologics, gaining 3.2%, while JD Health International declined 6.6%.On the mainland, the Shanghai Composite fell 1% to 4,135.39.On the other regional exchanges, the Taiwan TWSE declined 1.4%; the Australian ASX 200 declined 0.1%; the Singapore Straits Times Index fell 0.1%, and the Thai Set declined 1.4%. In late trading in Mumbai, the Sensex was down 0.2%The MSCI All Country Asia Pacific Index fell 2.1% on the day.

Hang SengNikkei 225Shanghai Composite
Asia

Hong Kong Stocks Slide as Trump-Xi Talks Leave Investors Unimpressed; CARsgen Therapeutics Falls

Hong Kong stocks tumbled Friday after U.S. President Donald Trump departed China, with investors left underwhelmed by the outcome of his talks with Chinese President Xi Jinping in Beijing.The Hang Seng Index fell 1.6%, or 426.31 points, to close at 25,962.73, while the Hang Seng China Enterprises Index dropped 1.9%, or 167.60 points, to finish at 8,691.03.A brief U.S. summary of Thursday's talks highlighted what the White House described as a mutual commitment to reopening the Strait of Hormuz amid the conflict involving Iran.There were no signs of progress on potential sales of Nvidia's advanced H200 artificial intelligence chips to China.Trump also told Fox News that Beijing intends to purchase 200 Boeing aircraft, marking its first order for U.S.-made commercial jets in nearly a decade.Reuters reported, however, that the deal fell short of market expectations for about 500 planes.In corporate news, CARsgen Therapeutics (HKG:2171) closed over 10% lower after launching a top-up placement expected to raise about HK$462 million in net proceeds.VPower Group (HKG:1608) fell 17% after its proposed offshore debt restructuring lapsed after failing to become effective by the longstop date.

Hang SengHKG:1608HKG:2171
Asia

Market Chatter: Shenzhen Adtek Technology Considering Hong Kong IPO

Chinese optical-connectivity products maker Shenzhen Adtek Technology is considering going public in Hong Kong, Bloomberg News reported Thursday, citing people familiar with the matter.The firm is working with Citic Securities and Jefferies Financial Group to raise at least $500 million on a $3 billion to $4 billion valuation, the people told the news agency.The people cautioned that the details were subject to change, Bloomberg reported.A document filing was expected as soon as Friday, the report said.A representative from Adtek did not respond to a comment request from Bloomberg. Citic Securities and Jefferies Financial refused to comment, the news agency said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Hang Seng
International

Beijing-Washington Summit, Earnings Roil Asian Stock Markets

Asian stock markets wobbled in mixed trading Thursday, as investors monitored the ongoing summit between US President Donald Trump and Chinese Leader Xi Jinping, and evaluated earnings results.Shanghai and Tokyo finished in the red, Hong Kong was flat, but other regional exchanges gained ground. Seoul's KOSPI rose 1.8% to strike a fresh record zenith.In Japan, the Nikkei 225 opened evenly near an all-time high but declined in trading, finishing off 1% as traders mulled comments by a Bank of Japan official that interest rates should be raised "at the earliest stage possible."The benchmark Nikkei 225 fell 618.06 to 62,654.05, as losing issues outnumbered gainers 133 to 91.Leading the upside was Tokai Carbon, up 18.5%, while Fukikura declined 19.1%, with both moves following earnings releases.In Hong Kong, the Hang Seng Index opened higher but lagged and closed essentially flat after China's Xi Jinping told President Donald Trump that "if mishandled, the two countries could collide" over the Taiwan issue.The broad gauge Hang Seng finished flat at 26,389.04, as losing issues outnumbered gainers 45 to 42. The Hang Seng TECH Index lost 0.4% on the day, while the Mainland Properties Index added 0.1%.Leading the upside was Li Auto, gaining 4.3%, while JD Logistics declined 5.7%.On the mainland, the Shanghai Composite fell 1.5% to 4,177.92.On the other regional exchanges, the Taiwan TWSE inclined 0.9%; the Australian ASX 200 inclined 0.1%; the Singapore Straits Times Index fell 0.2%, and the Thai Set inclined 1.4%. In late trading in Mumbai, the Sensex was up 1.1%The MSCI All Country Asia Pacific Index rose 0.2% on the day.

Hang SengNikkei 225Shanghai Composite
International

Hong Kong's Export, Import Volumes Rise in April

Hong Kong's March goods export and import volumes rose 28.8% and 34.6% year on year, respectively, the city's Census and Statistics Department said Thursday.Export and import prices rose 5.4% and 5.3% compared with a year earlier, the statement said.For the first quarter of 2026, Hong Kong's goods export and import volumes rose 28.8% and 34.6% year on year, respectively, while prices for both exports and imports rose 4.3%, the department said.

Hang Seng

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