Hong Kong stocks edged up 32 points, or 0.1%, to 26,518 in Wednesday morning trade, attempting to break a four-session losing streak. The modest rise tracked firmer U.S. futures after Wall Street’s major benchmarks suffered their steepest one-day drop since October 10, as renewed tariff threats from President Donald Trump against Europe stoked volatility concerns. Gains were led by tech and consumer names, mirroring strength in mainland markets after the People’s Bank of China on Tuesday held benchmark lending rates steady for an eighth straight month, following Beijing’s attainment of its 5% growth target in 2025. On the corporate front, China Vanke bondholders approved a plan to defer certain yuan repayments by one year, according to a filing. Still, upside was capped by investor caution ahead of inflation data in the city for December and Q1 business confidence reading. Early movers included Wuxi Biologics (2.6%), SMIC (2.5%), Zijin Mining (2.2%), and China Hongqiao Group (1.9%).
