Hong Kong stocks cap best weekly-gain streak in 2 years on gradual tariffs, DeepSeek frenzy

Quick Summary:

A measured US approach to reciprocal tariffs assuages investors as DeepSeek mania continues to power tech stocks.

Trump held off on a 25 per cent tariff on Mexico and Canada earlier this month, a tactic some investors interpreted as the president using the levies as a bargaining chip in negotiations with the countries that run a trade surplus against the US, instead of a punitive tool that risks fuelling a global trade war.

While Trump announced his plan for reciprocal tariffs on all imports on Thursday, implementation will take some time, with the US reassessing them on a country-by-country basis.

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Article Details

Author / Journalist: Zhang Shidong

Category: Business

Markets: Hong KongCanadaChinaMexico

Topics: Trump’s Technology Stocks President Weekly Cent Reciprocal Investors Tariffs Longest Index

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-14 @ 10:30:34 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 338 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 38 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 26234839

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Official Website: scmp.com

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