Hang Seng Index: Tech Stocks Hit as US Targets Chinese Semiconductor Firms

Australia’s ASX 200 bucked the broader market trend, gaining 0.64% on Friday morning. Banking, mining, and gold stocks led the gains.

Commonwealth Bank of Australia rose 0.32%, while National Australia Bank (NAB) advanced 0.90%. 10-year US Treasury yields tumbled overnight, boosting demand for high-yielding Aussie bank stocks.

Aussie miners BHP Group Ltd. (BHP) and Rio Tinto Ltd. (RIO) rallied 1.74% and 1.20%, respectively, while Northern Star Resources (NST) jumped 4.1% on rising gold prices.

Outlook: Watching Trade and Beijing Stimulus

Markets remain exposed to trade developments. Progress toward trade deals may lift risk sentiment and reduce demand for safe-haven assets, while rising tensions might trigger another flight to safety.

Investors should also watch for any stimulus announcements from Beijing. New measures could offset the impact of tariffs and support demand for Hong Kong and Mainland-listed stocks.

Investors should stay alert and respond promptly to trade developments and central bank policies. Follow our live coverage here for updates on US-China trade talks.