The Hang Seng Index fluctuated between gains and losses, rising 0.2 per cent to 24,906.90 at the noon break. The Hang Seng Tech Index added 0.1 per cent. On the mainland, the CSI 300 Index and the Shanghai Composite Index gained at least 0.5 per cent.
BYD Electronic International jumped 5.7 per cent to HK$38.52 and Xinyi Solar Holdings rallied 4.1 per cent to HK$3.29. Alibaba Group Holding added 1.7 per cent to HK$118.30. Limiting gains, Macau casino operator Galaxy Entertainment slumped 3.5 per cent to HK$39.30 and Chow Tai Fook Jewellery Group lost 2.2 per cent to HK$13.70.
Investors are in for an eventful week, with developments awaited on the tariff front, economic data and earnings results. The 90-day tariff ceasefire between Beijing and Washington expires on Tuesday following a third round of talks in Stockholm last month that yielded no substantial agreement. UBS’ wealth management unit said last week that the tariff on Chinese exports to the US may eventually range between 30 and 40 per cent.
Corporate earnings will also be in focus. Some of the biggest constituents in the Hang Seng Index are due to disclose interim reports this week, with Tencent Holdings on Wednesday, and NetEase and JD.com on Thursday. US inflation data for July is due on Tuesday, while China will release its key July economic data on Friday.
