Hong Kong stocks slid on Monday after a highly anticipated call on Friday between US President Donald Trump and Chinese President Xi Jinping provided investors with little to whet their risk appetite.
The Hang Seng Index lost 0.9 per cent to 26,302.67 as of 11am local time. The Hang Seng Tech Index dropped 1 per cent. On the mainland, the CSI 300 Index and the Shanghai Composite Index both edged up about 0.1 per cent.
The call between Trump and Xi covered issues including trade, fentanyl and the TikTok deal, as well as the need to bring the war between Russia and Ukraine to an end. Xi urged Trump to avoid restrictive trade measures and not to undermine progress made in earlier talks aimed at easing tensions.
Trump said he would meet Xi on the sidelines of the Asia-Pacific Economic Cooperation Summit in Seoul at the end of October, which would be the first face-to-face meeting for the leaders of the world’s two largest economies since Trump returned to office in January.
