Jun 20, 2025, 11:37 GMT+7
(Reuters) -Hong Kong stocks rebounded on Friday after three sessions of losses but remained on track for their biggest weekly loss since April, as Sino-U.S. trade talks and Middle East tensions weighed on investor sentiment. Mainland China shares edged higher.
** China's blue-chip CSI300 Indexclimbed 0.2% by the lunch break while the Shanghai Composite Indexgained 0.1%. Hong Kong benchmark Hang Sengwas up 1.2%.
** China kept its benchmark lending rates unchanged, after rolling out sweeping monetary easing measures last month to support the economy.
** Amid uncertainties related to China-U.S. trade friction, onshore share valuations may be range-bound at low levels near term, said UBS strategist Lei Meng in a note.
** "We expect limited downside, and potential upside catalysts mainly from stronger policy easing, the continual entry of medium or long-term funds and structural reforms," Meng said.
** The CSI Liquor Indexrose 2.6%, leading gains onshore.
** Shares of "Blind Box" toymaker Pop Martdropped more than 5% after state media outlet People's Daily called for stricter regulation of the blind box industry, citing expert views. The stock has fallen 13% so far this week, but soared 162% this year.
** Israel and Iran's air war entered a second week and fears of a potential U.S. attack on Iran hung over markets in Asia, impacting overall risk sentiment.
** The Hang Seng Index was down 1.6% this week, on track for the largest decline since April 7, if losses hold. The CSI300 Index was down 0.3%.
** Meanwhile, the Hong Kong dollar weakened to 7.85 per dollar for the first time in more than two years. The Hong Kong dollar is pegged in a tight band between 7.75 and 7.85 to the U.S. dollar.

Sumber : Reuters