Hong Kong Stocks Eke Out Gains; Metis TechBio, Impact Therapeutics Shine on Debut

MT Newswires Live05-13

Hong Kong stocks edged higher on Wednesday ahead of the meeting between U.S. President Donald Trump and Chinese President Xi Jinping.

The Hang Seng Index added 0.2%, or 40.53 points, to close at 26,388.44. The Hang Seng China Enterprises Index barely moved in negative territory to finish at 8,876.38.

Trump is expected to arrive in Beijing on Wednesday ahead of talks scheduled for Thursday and Friday.

The leaders of the world's two largest economies are set to hold their first face-to-face meeting in more than six months.

Discussions are expected to focus on Iran, Taiwan, artificial intelligence, and nuclear weapons, while both sides also weigh extending their critical minerals agreement.

Meanwhile, tensions in the Middle East remained unresolved after Trump said he was unlikely to seek China's assistance in ending the conflict with Iran.

In corporate news, two companies made their debut on the Hong Kong bourse.

Metis TechBio (HKG:7666) closed nearly 127% higher at HK$23.80, well above the offer price of HK$10.50.

Impact Therapeutics (HKG:7630) advanced over 108% to close at HK$41.86, compared with the offer price of HK$20.10.

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