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Hong Kong shares outperform mainland; yuan gains against dollar
Hong Kong and mainland China stocks rose on Friday after U.S. President Donald Trump said he would “rather not” follow through on his threats to impose new tariffs on Chinese imports.
Trump did not follow through with his threats to impose tariff increases on goods from China, Canada and Mexico on his first day in office and instead ordered an investigation into “unfair” trade practices.
China Handler:
— Prince Johann George V (@GeorgeVMagazine) January 28, 2025
"The Production of Apple Cellphones. All Of Them, No Matter What Model, Cost Is $200 Dollars For A Minimum Order Of 20 Million. Then They Sell It In U.S. Market [Cell Phone Companies] For $1,200 to $1,600 Dollars" pic.twitter.com/B0BI0v7KHq
Hong Kong’s benchmark Hang Seng index jumped more than 2% during the day before closing up 20,066.19, up 1.86%. The Hang Seng Tech index performed even better, rising about 3%.
*It’s the reason he wants the key, otherwise put it back on the shelve or market it with your own money.
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