DONALD Trump’s push to restrict US investments in China is testing what in theory should be an ironclad financial relationship – the tight link between Chinese shares trading in New York and Hong Kong.
China and Hong Kong markets faced setbacks with key tech stocks dropping amid rising U.S. tariff concerns. The Hang Seng Tech Index saw dips, despite previous streaks of gains influenced by strong earnings and AI optimism.
CHINESE technology firm Baidu raised US$2 billion in a sale of bonds exchangeable into the Hong Kong shares of online travel agency Trip.com Group, matching the biggest ever US dollar offering in the format by an Asian issuer.