On April 9, 2025, the Hong Kong stock market closed higher. The Hang Seng Index rose by 0.68%, the Hang Seng China Enterprises Index increased by 1.41%, the Hang Seng Tech Index surged by 2.64%, and the Hang Seng Composite Index climbed by 1.78%. Mainland investors purchase over HK$35 billion worth of Hong Kong stocks on Wednesday, highest on record.

SMIC up 10.5%; Xiaomi up 7.7%; Meituan up 4%; Kuaishou, XPeng, Alibaba up more than 1%; Li Auto, Tencent up slightly; JD.com, Nio fell around 1%.

China's top leaders plan to meet as soon as Wednesday to hammer out measures to boost the economy and stabilise capital markets, people with knowledge of the matter said, as trade war with the United States escalates.

The planned high-level gathering is the first to become publicly known since U.S. President Donald Trump clamped "reciprocal" tariffs on China last week, and follows Wednesday's near doubling to 104% in U.S. duties on imports from China.

Those expected to attend included senior officials from the State Council, or cabinet, as well as several government and regulatory bodies, said the two sources.

The policymakers were expected to discuss measures to boost domestic consumption and support capital markets in China, the sources said.

Initiatives such as making rebates on export tax more attractive for domestic companies were also likely to figure in the talks, one of them added.