China Indexes Flatlined, Gold and Silver Jumped to New Record Highs A

In China, stocks wavered amid ongoing trade tensions with the U.S., while precious metals advanced to new record highs.

The Hang Seng Index decreased 0.5%, and the mainland-focused CSI 300 index fell 0.1% as investors hoped that the U.S. and China will find common ground on tariffs and trade restrictions before the end of this month. 

Chinese goods are facing about 55% tariffs in the U.S., and overall levies could surge to as high as 145% if the two sides fail to finalize a trade deal in the next three weeks. 

Moreover, China has started sourcing soybeans and other agricultural products from Argentina, Brazil, Peru, Australia, and Uganda and cut down its purchases from the U.S. by more than 90%. 

The Hang Seng Index is likely to extend its recent string of losses to the seventh day, as investors worry that the latest trade spat is likely to further dent China's trade with the U.S. 

In the nine months to September, China's exports to the U.S. have fallen by more than 33%, and Chinese manufacturers are developing markets in the ASEAN region, the European Union, Latin America, and Africa.  

Investors in Asia dumped the U.S.-dollar-denominated assets and shifted to gold, a safe-haven asset, amid lingering anxiety over a prolonged U.S. shutdown and a 25-basis-point rate cut later this month. 

Gold advanced 0.9% to $4,167.70 an ounce, and silver jumped 1.4% to $53.50 an ounce, and they reached new record highs amid rising trade tensions between the two largest economies of the world. 

China Indexes and Stocks 

The Hang Seng Index decreased 0.5% to 25,772.25, and the mainland-focused CSI 300 index fell 0.1% to 4,590.64. 

Tech stocks wavered in Hong Kong trading as investors awaited the start of the earnings season later in the week. 

Alibaba Group Holding Ltd. dropped 2% to HK $159.30, Tencent Holding decreased 1.4% to HK $630.0, and Meituan fell 0.2% to $99.65.  

Pop Mart International Group dropped 2.4% to HK $267.20, Nongfu Spring Co. eased 0.1% to HK $53.95, and Zijin Mining Group declined 1.1% to HK $33.82. 

China TUESDAY

China Indexes and Stocks 

The Hang Seng Index decreased 0.5% to 25,772.25, and the mainland-focused CSI 300 index dropped 0.4% to 

China TUESDAY

China Indexes and Stocks 

The Hang Seng Index decreased 0.

U.S. Movers: Bassett Furniture, Costco, Delta Air Lines, PepsiCo

Bassett Furniture Industries decreased 1.8% to $16.50 despite the company reporting improved sales and net income swinging to a profit.

Revenue in the third quarter rose to $80.1 million from $75.6 million, and net income per share increased to a profit of 9 cents, compared to a loss of 52 cents a year ago. 

PepsiCo increased 0.7% to $139.80 after the beverage and snack company reported better-than-expected results in the third quarter. 

Net revenue increased 2.6% to $23.9 billion from $23.3 billion, net income attributable to shareholders eased to $2.6 billion from $2.9 billion, and diluted earnings per share decreased to $1.90 from $2.13 a year ago. 

“Our reported net revenue growth accelerated and reflects the resilience of our international business, improved momentum within North America Beverages, and the benefits of our portfolio reshaping actions,” said Chairman and CEO Ramon Laguarta. 

The company guided 2025 organic revenue to increase in "low single digits" and core constant currency earnings per share to match the prior year's level. 

Delta Air Lines increased 5.9% to $60.50, and the international carrier's third-quarter results surpassed market expectations, and it issued a strong outlook.

Total operating revenue in the third quarter increased by 6%, reaching $16.7 billion, up from $15.7 billion; net income rose by 11% to $1.41 billion, compared to $1.27 billion; and diluted earnings per share increased to $2.17 from $1.97 a year ago. 

The airline guided fourth-quarter revenue to rise between 2% and 4% from a year ago and adjusted earnings per share between $1.60 and $1.90. 

Costco Wholesale Corp. advanced 1.4% to $928.10 after the membership warehouse club operator reported monthly sales data.

Sales in the five-week period ended October 5 rose 8% to $26.58 billion, and the U.S. same-store sales advanced 5.1% in the period. 

U.S. Movers: Bassett Furniture, Costco, Delta Air Lines, PepsiCo

Bassett Furniture Industries decreased 1.8% to $16.50 despite the company reporting improved sales and net income swinging to a profit.

Revenue in the third quarter rose to $80.1 million from $75.6 million, and net income per share increased to a profit of 9 cents, compared to a loss of 52 cents a year ago. 

PepsiCo increased 0.7% to $139.80 after the beverage and snack company reported better-than-expected results in the third quarter. 

Net revenue increased 2.6% to $23.9 billion from $23.3 billion, net income attributable to shareholders eased to $2.6 billion from $2.9 billion, and diluted earnings per share decreased to $1.90 from $2.13 a year ago. 

“Our reported net revenue growth accelerated and reflects the resilience of our international business, improved momentum within North America Beverages, and the benefits of our portfolio reshaping actions,” said Chairman and CEO Ramon Laguarta. 

The company guided 2025 organic revenue to increase in "low single digits" and core constant currency earnings per share to match the prior year's level. 

Delta Air Lines increased 5.9% to $60.50, and the international carrier's third-quarter results surpassed market expectations, and it issued a strong outlook.

Total operating revenue in the third quarter increased by 6%, reaching $16.7 billion, up from $15.7 billion; net income rose by 11% to $1.41 billion, compared to $1.27 billion; and diluted earnings per share increased to $2.17 from $1.97 a year ago. 

The airline guided fourth-quarter revenue to rise between 2% and 4% from a year ago and adjusted earnings per share between $1.60 and $1.90. 

Costco Wholesale Corp. advanced 1.4% to $928.10 after the membership warehouse club operator reported monthly sales data.

Sales in the five-week period ended October 5 rose 8% to $26.58 billion, and the U.S. same-store sales advanced 5.1% in the period. 

Tech Stocks Rebound from Friday's Sell-Off, Gold and Silver Scale New Record Highs

U.S. stock indexes edged higher on Monday after registering steep losses on Friday. 

The S&P 500 index advanced 1.0%, the tech-heavy Nasdaq Composite rose 1.3%, and gold inched higher into record territory to $4,070 an ounce. 

The U.S. president's announcement of additional steep tariffs on China, which stoked fears of escalation in the trade war, shocked investors on Friday. 

Trump's threat to impose additional 100% tariffs rattled Wall Street, and major indexes dropped 3% in New York and more than 1.5% in Europe. 

The mercurial Donald Trump's move to threaten its key trading partner with aggressive tariffs reignited fears of trade uncertainty and resurgent inflation.  

However, those fears receded after Trump walked back from his threats on Sunday, but not without injecting volatility into global financial markets.  

Global investors have started shifting away from allocating funds to the U.S. dollar-denominated assets, including Treasury bonds and notes, as the federal government shutdown entered its third week. 

The U.S. federal government debt is projected to reach $37.2 trillion by the end of the current fiscal year in September, and the annual deficit is expected to remain above 6%.  

Investors have overlooked elevated U.S. debt and deficit and unresolved U.S. trade policy for months now and bid up AI stocks as traders chase returns.  

Confidence in the U.S. dollar and U.S. dollar-denominated assets has been shaken by rising macroeconomic headwinds, persistent attacks on the Federal Reserve's independence, and the Trump administration's interference with economic statistical reporting.  

Week Ahead

In the week ahead, U.S. investors are looking forward to earnings releases from major banks and leading financial services providers as the government shutdown enters its third week.  

The economic data blackout is likely to continue next week as lawmakers of both parties struggle to strike a compromise and end the federal government shutdown. 

The Labor Department plans to bring back some staff to calculate the consumer price inflation index for the third quarter, which is used by the Social Security Agency to calculate and publish annual cost of living adjustments before November 1. 

However, the release of monthly reports on CPI, PPI, housing starts, retail sales, building permits, and import and export prices is likely to be delayed. 

Earnings releases are scheduled to pick up, and Citigroup, JPMorgan Chase, Bank of America, Morgan Stanley, Goldman Sachs, BlackRock, American Express, and Charles Schwab are set to release their quarterly results on Tuesday and Wednesday. 

U.S. Stock Movers 

AI-linked tech stocks rebounded from Friday's sell-off, but market anxieties stayed elevated. 

Nvidia Corp. jumped 2.4% to $187.88, AMD gained 3.2% to $221.72, Alphabet increased 1.1% to $240.85, and Microsoft gained 1.1% to $516.99. 

Tech Stocks Rebound from Friday's Sell-Off, Gold and Silver Scale New Record Highs

U.S. stock indexes edged higher on Monday after registering steep losses on Friday. 

The S&P 500 index advanced 1.0%, the tech-heavy Nasdaq Composite rose 1.3%, and gold inched higher into record territory to $4,070 an ounce. 

The U.S. president's announcement of additional steep tariffs on China, which stoked fears of escalation in the trade war, shocked investors on Friday. 

Trump's threat to impose additional 100% tariffs rattled Wall Street, and major indexes dropped 3% in New York and more than 1.5% in Europe. 

The mercurial Donald Trump's move to threaten its key trading partner with aggressive tariffs reignited fears of trade uncertainty and resurgent inflation.  

However, those fears receded after Trump walked back from his threats on Sunday, but not without injecting volatility into global financial markets.  

Global investors have started shifting away from allocating funds to the U.S. dollar-denominated assets, including Treasury bonds and notes, as the federal government shutdown entered its third week. 

The U.S. federal government debt is projected to reach $37.2 trillion by the end of the current fiscal year in September, and the annual deficit is expected to remain above 6%.  

Investors have overlooked elevated U.S. debt and deficit and unresolved U.S. trade policy for months now and bid up AI stocks as traders chase returns.  

Confidence in the U.S. dollar and U.S. dollar-denominated assets has been shaken by rising macroeconomic headwinds, persistent attacks on the Federal Reserve's independence, and the Trump administration's interference with economic statistical reporting.  

Week Ahead

In the week ahead, U.S. investors are looking forward to earnings releases from major banks and leading financial services providers as the government shutdown enters its third week.  

The economic data blackout is likely to continue next week as lawmakers of both parties struggle to strike a compromise and end the federal government shutdown. 

The Labor Department plans to bring back some staff to calculate the consumer price inflation index for the third quarter, which is used by the Social Security Agency to calculate and publish annual cost of living adjustments before November 1. 

However, the release of monthly reports on CPI, PPI, housing starts, retail sales, building permits, and import and export prices is likely to be delayed. 

Earnings releases are scheduled to pick up, and Citigroup, JPMorgan Chase, Bank of America, Morgan Stanley, Goldman Sachs, BlackRock, American Express, and Charles Schwab are set to release their quarterly results on Tuesday and Wednesday. 

U.S. Stock Movers 

AI-linked tech stocks rebounded from Friday's sell-off, but market anxieties stayed elevated. 

Nvidia Corp. jumped 2.4% to $187.88, AMD gained 3.2% to $221.72, Alphabet increased 1.1% to $240.85, and Microsoft gained 1.1% to $516.99. 

Hong Kong Indexes Plunged 3%, China's Exports and Trade Surplus Rebounded

Stock market indexes in China and Hong Kong plunged on Monday after a rapid escalation of trade tensions reignited fears of a prolonged trade war. 

The Hang Seng index dropped 3%, and the mainland-focused CSI 300 index fell nearly 2% as investors reviewed the latest salvo of U.S. tariff threats. 

The U.S. president threatened to impose additional 100% tariffs on China's goods and services from November 1, after China tightened restrictions on rare earth mineral shipments. 

The group of critical minerals are used in the manufacturing of electronics, semiconductors, and battery-powered vehicles, and China's sweeping restrictions could sharply curtail advanced electronics output and supply chains in Japan, Taiwan, and South Korea. 

China's Exports Show Resilience Amid U.S. Headwinds

China's exports rebounded in September as producers diversified to new markets amid ongoing trade tensions with the U.S. 

Exports soared 8.3% to $328.6 billion, and imports advanced 7.4% to $238.1 billion, driving the trade surplus up by 11% to $90.45 billion, the General Administration of Customs reported on Monday. 

Overseas buyers front-loaded orders ahead of the Golden Week holiday in October, driving exports to a seven-month high.

China's exports to the U.S. accounted for 10.4% of total goods exports in September, after shipments to the world's largest economy fell 27% from a year ago compared to an annual decrease of 33.1% in the previous month. 

Despite the shrinking trade with the U.S., China's trade surplus edged higher to $20.9 billion from $20.3 billion in August. 

Chinese manufacturers diversified their shipments to other destinations, and shipments to the ASEAN region increased 15.6%, to the European Union rose 14.2%, to Latin America 15.2%, and to Africa by 56.4%. 

Year-to-date At the end of September, China's goods trade surplus rose 6.1% to $875.1 billion, reflecting a 6.1% increase in exports and 1.1% in imports in the period. 

China Indexes and Stocks 

The Hang Seng index dropped 3% to 25,503.98, and the CSI 300 index decreased 1.8% to 4,535.78. 

Alibaba Group Holding Ltd. decreased 5.5% to HK $156.30, Tencent Holdings dropped 4.4% to HK $624.50, and Meituan fell 4% to HK $97.65. 

HSBC Holdings plc decreased 1.9% to HK $101.30, China Merchants Bank eased 1.9% to HK $45.40, and China Life Insurance fell 4.2% to HK $21.14. 

Hong Kong Indexes Plunged 3%, China's Exports and Trade Surplus Rebounded

Stock market indexes in China and Hong Kong plunged on Monday after a rapid escalation of trade tensions reignited fears of a prolonged trade war. 

The Hang Seng index dropped 3%, and the mainland-focused CSI 300 index fell nearly 2% as investors reviewed the latest salvo of U.S. tariff threats. 

The U.S. president threatened to impose additional 100% tariffs on China's goods and services from November 1, after China tightened restrictions on rare earth mineral shipments. 

The group of critical minerals are used in the manufacturing of electronics, semiconductors, and battery-powered vehicles, and China's sweeping restrictions could sharply curtail advanced electronics output and supply chains in Japan, Taiwan, and South Korea. 

China's Exports Show Resilience Amid U.S. Headwinds

China's exports rebounded in September as producers diversified to new markets amid ongoing trade tensions with the U.S. 

Exports soared 8.3% to $328.6 billion, and imports advanced 7.4% to $238.1 billion, driving the trade surplus up by 11% to $90.45 billion, the General Administration of Customs reported on Monday. 

Overseas buyers front-loaded orders ahead of the Golden Week holiday in October, driving exports to a seven-month high.

China's exports to the U.S. accounted for 10.4% of total goods exports in September, after shipments to the world's largest economy fell 27% from a year ago compared to an annual decrease of 33.1% in the previous month. 

Despite the shrinking trade with the U.S., China's trade surplus edged higher to $20.9 billion from $20.3 billion in August. 

Chinese manufacturers diversified their shipments to other destinations, and shipments to the ASEAN region increased 15.6%, to the European Union rose 14.2%, to Latin America 15.2%, and to Africa by 56.4%. 

Year-to-date At the end of September, China's goods trade surplus rose 6.1% to $875.1 billion, reflecting a 6.1% increase in exports and 1.1% in imports in the period. 

China Indexes and Stocks 

The Hang Seng index dropped 3% to 25,503.98, and the CSI 300 index decreased 1.8% to 4,535.78. 

Alibaba Group Holding Ltd. decreased 5.5% to HK $156.30, Tencent Holdings dropped 4.4% to HK $624.50, and Meituan fell 4% to HK $97.65. 

HSBC Holdings plc decreased 1.9% to HK $101.30, China Merchants Bank eased 1.9% to HK $45.40, and China Life Insurance fell 4.2% to HK $21.14. 

U.S. Indexes Rest Ahead of Earnings Amid Data Blackout

Benchmark indexes on Wall Street struggled to rise above the flatline as earnings season gathers momentum next week.

The S&P 500 index edged down 0.2%, and the Nasdaq Composite inched lower a fraction. 

The federal government shutdown entered its 10th day as the U.S. Senate failed to pass a short-term budget for the seventh time. 

Benchmark indexes faced headwinds amid a worry that a prolonged shutdown could dent economic growth further. 

About 750,000 federal government workers have been furloughed since last week, and air traffic controllers and security staff have stayed away in several key cities, including Atlanta, Burbank, Nashville, and Newark. 

Most armed forces are likely to miss their first paycheck on Wednesday next week if the shutdown extends further. 

The S&P 500 index and the Nasdaq edged higher on Thursday after Delta Air Lines and PepsiCo reported quarterly results, confirming resilient consumer spending. 

However, investors remained cautious amid a data blackout because of the government shutdown. 

Corporate earnings releases are set to pick up pace next week, and at least 60 companies are scheduled to release their results, including Citigroup, JPMorgan Chase, Wells Fargo, Goldman Sachs, and Morgan Stanley. 

U.S. Stock Movers 

Levi Strauss & Co. dropped 6.7% to $22.90 despite the jeans apparel company's results surpassing market expectations. 

The company reported revenue of $1.54 billion and earnings per share of 34 cents in its latest quarter. 

However, the stock came under pressure amid worries about the impact of the Trump administration's steep tariffs on the jean maker's sales and operations. 

U.S. Indexes Rest Ahead of Earnings Amid Data Blackout

Benchmark indexes on Wall Street struggled to rise above the flatline as earnings season gathers momentum next week.

The S&P 500 index edged down 0.2%, and the Nasdaq Composite inched lower a fraction. 

The federal government shutdown entered its 10th day as the U.S. Senate failed to pass a short-term budget for the seventh time. 

Benchmark indexes faced headwinds amid a worry that a prolonged shutdown could dent economic growth further. 

About 750,000 federal government workers have been furloughed since last week, and air traffic controllers and security staff have stayed away in several key cities, including Atlanta, Burbank, Nashville, and Newark. 

Most armed forces are likely to miss their first paycheck on Wednesday next week if the shutdown extends further. 

The S&P 500 index and the Nasdaq edged higher on Thursday after Delta Air Lines and PepsiCo reported quarterly results, confirming resilient consumer spending. 

However, investors remained cautious amid a data blackout because of the government shutdown. 

Corporate earnings releases are set to pick up pace next week, and at least 60 companies are scheduled to release their results, including Citigroup, JPMorgan Chase, Wells Fargo, Goldman Sachs, and Morgan Stanley. 

U.S. Stock Movers 

Levi Strauss & Co. dropped 6.7% to $22.90 despite the jeans apparel company's results surpassing market expectations. 

The company reported revenue of $1.54 billion and earnings per share of 34 cents in its latest quarter. 

However, the stock came under pressure amid worries about the impact of the Trump administration's steep tariffs on the jean maker's sales and operations. 

Japan's Producer Price Inflation Held Stable, Yen Weakened to 8-Month Low

Japan's market indexes pulled back on Friday, and investors questioned the duration of the market rally since the April slump. 

The Nikkei 225 Stock Average decreased 1.2%, the broader Topix plunged 2%, and the yen eased to 152.80 against the dollar.  

Benchmark indexes closed down on Friday after a measure of wholesale price inflation rose in September, supporting the Bank of Japan's campaign to raise rates sooner rather than later. 

For the week, the Nikkei 225 Stock Average jumped more than 4%, and the Topix advanced more than 3% after the LDP's leadership results. 

The Japanese yen dropped to a multi-month low amid expectations of additional fiscal policy support from the new administration. 

The recently elected LDP's leader, and presumed prime minister, Sanae Takaichi is likely to support additional fiscal spending and pressure the Bank of Japan to continue its ultra-loose monetary policy. 

However, Takaichi may face hurdles in winning durable support from its junior partner, Komeito, as the LDP leader's comments rattled the party's core voter base. 

Takaichi's pressure on the Bank of Japan to maintain its ultra-loose policy may face resistance from policymakers amid rising prices and uncertain exports. 

Japan's producer price index in September held at 2.6%, matching August's rate, the Bank of Japan reported Friday.

The cost for intermediate products continued to rise, and the measure of wholesale inflation advanced 0.3%, reversing the 0.2% decline in August.

Japan Indexes and Stocks 

The Nikkei 225 Stock Average decreased 1.2% to 47,980.62, and the broader Topix dropped 2% to 3,193.32. 

Semiconductor equipment makers turned lower in Tokyo, reflecting a decline in tech stocks in overnight trading in New York. 

Tokyo Electron decreased 1.4% to ¥29,295.0, Advantest Corp. fell 0.8% to ¥17,860.0, and Disco Corp. declined 0.7% to ¥53,380.0. 

Japan's Producer Price Inflation Held Stable, Yen Weakened to 8-Month Low

Japan's market indexes pulled back on Friday, and investors questioned the duration of the market rally since the April slump. 

The Nikkei 225 Stock Average decreased 1.2%, the broader Topix plunged 2%, and the yen eased to 152.80 against the dollar.  

Benchmark indexes closed down on Friday after a measure of wholesale price inflation rose in September, supporting the Bank of Japan's campaign to raise rates sooner rather than later. 

For the week, the Nikkei 225 Stock Average jumped more than 4%, and the Topix advanced more than 3% after the LDP's leadership results. 

The Japanese yen dropped to a multi-month low amid expectations of additional fiscal policy support from the new administration. 

The recently elected LDP's leader, and presumed prime minister, Sanei Takaichi is likely to support additional fiscal spending and pressure the Bank of Japan to continue its ultra-loose monetary policy. 

However, Takaichi may face hurdles in winning durable support from its junior partner, Komeito, as the LDP leader's comments rattled the party's core voter base. 

Takaichi's pressure on the Bank of Japan to maintain its ultra-loose policy may face resistance from policymakers amid rising prices and uncertain exports. 

Japan's producer price index in September held at 2.6%, matching August's rate, the Bank of Japan reported Friday.

The cost for intermediate products continued to rise, and the measure of wholesale inflation advanced 0.3%, reversing the 0.2% decline in August.

Japan Indexes and Stocks 

The Nikkei 225 Stock Average decreased 1.2% to 47,980.62, and the broader Topix dropped 2% to 3,193.32. 

Semiconductor equipment makers turned lower in Tokyo, reflecting a decline in tech stocks in overnight trading in New York. 

Tokyo Electron decreased 1.4% to ¥29,295.0, Advantest Corp. fell 0.8% to ¥17,860.0, and Disco Corp. declined 0.7% to ¥53,380.0. 

China indexes Dropped 1%, Three New Issues Soared In HK and Beijing

Stocks in China and Hong Kong traded down amid a growing list of worries, including unresolved trade tensions and stretched tech valuations. 

The Hang Seng Index decreased 1.1%, and the mainland-focused CSI 300 index declined 1.3% as investors shifted focus on the start of the earnings season. 

China's market decline reflected the weakness in tech stocks in overnight trading in New York. 

Investors remained cautiously optimistic about stocks in China amid hopes that policymakers could announce additional fiscal stimulus measures in early November. 

The weaker-than-expected increase during a weeklong Golden Week holiday in retail and catering sales kept market enthusiasm in check. 

Persistent weakness in the residential market, elevated youth jobless rates, and consumer confidence are providing additional headwinds to the stock market rally in China and Hong Kong. 

China Indexes and Stocks 

The Hang Seng Index decreased 1.1% to 26,442.67, and the mainland-focused CSI 300 index dropped 1.3% to 4,650.58.  

For the week, the Hang Seng index decreased nearly 3%, but the CSI 300 index advanced 1.6%. 

Golden Leaf International Group soared more than 470% to HK $2.83, and the building services engineering company completed its public offering. 

The company sold 100 million shares, priced at 50 HK cents each, and raised net proceeds of HK$ 31.30 million. 

Shanghai Zhida Technology Development jumped 180% to HK $189.40, and the company completed its public offering in Hong Kong. 

The company that makes home EV chargers sold 5.79 million shares priced at HK $66.92 each, and it raised net proceeds of HK $326.6 million. 

OMS Machinery surged 330% to 36.05 yuan in Beijing, and the maker of air conditioning and heat exchanger machinery priced its offering at 10.70 yuan per share.

China indexes Dropped 1%, Three New Issues Soared In HK and Beijing

Stocks in China and Hong Kong traded down amid a growing list of worries, including unresolved trade tensions and stretched tech valuations. 

The Hang Seng Index decreased 1.1%, and the mainland-focused CSI 300 index declined 1.3% as investors shifted focus on the start of the earnings season. 

China's market decline reflected the weakness in tech stocks in overnight trading in New York. 

Investors remained cautiously optimistic about stocks in China amid hopes that policymakers could announce additional fiscal stimulus measures in early November. 

The weaker-than-expected increase during a weeklong Golden Week holiday in retail and catering sales kept market enthusiasm in check. 

Persistent weakness in the residential market, elevated youth jobless rates, and consumer confidence are providing additional headwinds to the stock market rally in China and Hong Kong. 

China Indexes and Stocks 

The Hang Seng Index decreased 1.1% to 26,442.67, and the mainland-focused CSI 300 index dropped 1.3% to 4,650.58.  

For the week, the Hang Seng index decreased nearly 3%, but the CSI 300 index advanced 1.6%. 

Golden Leaf International Group soared more than 470% to HK $2.83, and the building services engineering company completed its public offering. 

The company sold 100 million shares, priced at 50 HK cents each, and raised net proceeds of HK$ 31.30 million. 

Shanghai Zhida Technology Development jumped 180% to HK $189.40, and the company completed its public offering in Hong Kong. 

The company that makes home EV chargers sold 5.79 million shares priced at HK $66.92 each, and it raised net proceeds of HK $326.6 million. 

OMS Machinery surged 330% to 36.05 yuan in Beijing, and the maker of air conditioning and heat exchanger machinery priced its offering at 10.70 yuan per share.