Hong Kong stocks surge nearly 3% after U.S. and China unveil details of trade deal

Nbcwashington · 🇨🇳 public China · May 11, 2025 · 1966 words · By Amala Balakrishner; CNBC

U.S.-China Trade Relations U.S. Healthcare Policy Asia-Pacific Market Trends India-Pakistan Geopolitics

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What to know about U.S.-China Trade Relations

This is CNBC's live blog covering Asia-Pacific markets.

Claims checked 49

Techniques found 1

Topics 4

Coverage spectrum

Coverage gap: Low Left coverage

Left0%

Center75%

Right25%

4 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

This is CNBC's live blog covering Asia-Pacific markets.

Why it matters

Asia-Pacific markets rallied Monday after China and the U.S.

Common ground

announced a trade deal, including a 90-day pause on tariffs and a drop in reciprocal tariffs by 115 percentage points.

Perspective signals

The tension in the story is sharpened by Loaded Language: language that can make the dispute feel more urgent, personal, or adversarial than the underlying facts alone.

Follow-up questions

What new context would change how readers understand this U.S.-China Trade Relations story?
What evidence would most clearly confirm or weaken the claim that Taiwan's benchmark Taiex index surged 1.12% as of 10.40 a.m. local time?
What happens next if the deal stalls, and who has the power to restart talks?

open_in_new Read the original article: https://www.nbcwashington.com/news/business/money-report/asia-pacific-markets-po…

psychologyPropaganda Techniques Detected

eFinder identified 1 propaganda technique in this article. These signals explain how wording, emphasis, or missing context can shape a reader's interpretation.

warning

Loaded Language 70% confidence

Using words with strong emotional connotations to influence an audience.

Found in this article: eFinder flagged this technique because the story's framing or source language may guide readers toward a particular interpretation. Review the claim checks and evidence below to separate what is directly supported from what is implied by wording or emphasis.

Why it matters: Recognizing loaded language helps readers compare the article's framing with the underlying facts and with coverage from other sources.

fact_checkClaims Checked

eFinder analyzed this article and checked 49 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

schedule Pending 39

info Single Source 6

help Insufficient Evidence 2

check_circle Corroborated 2

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Claim 1: “Taiwan's benchmark Taiex index surged 1.12% as of 10.40 a.m. local time”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 2: “shares of tech giants Taiwan Semiconductor Manufacturing Co and Hon Hai Precision Industry — known globally as Foxconn — were last seen trading 0.95% and 3.4% higher, respectively”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 3: “The top three performers were Alchip Technologies, which surged 10%, Lai Yih Footwear, which advanced 9.98% and Machvision, which added 9.97%”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

info

Claim 4: “the Hang Seng Tech index advanced 5.16% to 5,447.35, its highest since March 28.”

SINGLE SOURCE

The provided evidence consists entirely of dictionary definitions for the word 'hang' and does not contain any financial data regarding the Hang Seng Tech index.

travel_explore

web search NEUTRAL — May 10, 2026 · The meaning of HANG is to fasten to some elevated point without support from below : suspend. How to use hang in a sentence. Hanged vs. Hung: Usage Guide
https://www.merriam-webster.com/dictionary/hang

travel_explore

web search NEUTRAL — HANG definition: 1. to fasten or support something at the top leaving the other parts free to move, or to be held in…. Learn more.
https://dictionary.cambridge.org/dictionary/english/hang

travel_explore

web search NEUTRAL — Define hang. hang synonyms, hang pronunciation, hang translation, English dictionary definition of hang. v. hung , hang·ing , hangs v. tr. 1. To fasten from above with no support from below; suspend: …
https://www.thefreedictionary.com/hang

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Claim 5: “the KSE-30 index — which captures the 30 most liquid stocks on the Pakistan Stock Exchange — surged 9.25% to hit 35,668.76, its highest level since April 23.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 6: “the Korean won depreciated 0.97% against the U.S. dollar to 1,408.73 while the Japanese yen weakened 1.58% to 147.62.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 7: “It is selling 117.9 million shares at a maximum offer price of 263 Hong Kong dollars per share”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

info

Claim 8: “mainland China's CSI 300 index increased 1.16% to end the day at 3,890.60.”

SINGLE SOURCE

While web results mention the CSI 300 index and targets for 2027, none of the provided evidence confirms the specific closing value of 3,890.60 or the 1.16% increase.

travel_explore

web search NEUTRAL — The firm raised its CSI 300 Index target to 5,400 points for the second quarter of 2027, up from its prior 4,840 target for December 2026, implying 9% upside from Tuesday's close.AI tax scare wipes ou…
https://au.finance.yahoo.com/news/morgan-stanley-sees-9-upsi…

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web search NEUTRAL — This page provides stock market indexes quotes for several countries including the latest price, yesterday session close, plus weekly, monthly and yearly percentage changes.
https://tradingeconomics.com/stocks

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web search NEUTRAL — Der Nikkei-Index legte 0,3 Prozent auf 63.449 Punkte zu und markierte damit ein neues Allzeithoch. Der breiter gefasste Topix notierte 0,4 Prozent schwächer bei 3.9023 Zählern. In Südkorea stieg der K…
https://www.handelsblatt.com/finanzen/maerkte/marktberichte/…

schedule

Claim 9: “Over 20 cornerstone investors, led by Sinopec and Kuwait Investment Authority, have subscribed to buy about $2.623 billion worth of CATL shares”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

help

Claim 10: “The 30-stock Dow Jones Industrial Average lost 119.07 points, or 0.29%, and settled at 41,249.38.”

INSUFFICIENT EVIDENCE

No evidence was found for this claim in the provided search results.

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Claim 11: “Bellevue Gold, which lost 2.56%, Newmont Corporation, which slid 2.71% and Evolution Mining, which plunged 3.88%.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 12: “Hong Kong's Hang Seng Tech Index traded 6.16% higher as at 3:53 p.m. local time”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 13: “The cryptocurrency was down 0.42% to $103,859.94 as of 11.39 a.m. Singapore time.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 14: “the broad-based S&P 500 inched down 0.07%, closing at 5,659.91”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 15: “The Chinese yuan strengthened by 0.35% against the U.S. dollar to 7.2110, while the offshore Chinese yuan gained 0.47% to 7.2056 as of 3.28 p.m. Singapore time.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 16: “a slight drop from the record 4.06 trillion yen surplus in the month before.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 17: “its record high of $109,000, which happened at the end of January.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 18: “which is up 15.64% since the start of the year.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 19: “U.S. President Donald Trump said he would sign an executive order to cut drug prices by 30% to 80%.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

info

Claim 20: “In South Korea, the Kospi index advanced 1.17% to close at 2,607.33 while the small-cap Kosdaq moved up 0.4% to 725.40.”

SINGLE SOURCE

The evidence discusses the KOSPI and KOSDAQ indices but provides different figures (e.g., KOSDAQ at 782.17) and does not confirm the specific closing values mentioned in the claim.

travel_explore

web search NEUTRAL — # KOSDAQ Closes Lower on Foreign Selling. The KOSDAQ index also ended the day in red, closing at 782.17, down 1.50 points or 0.19% from the previous session.
https://www.eblockmedia.com/news/articleView.html?idxno=2304…

travel_explore

web search NEUTRAL — The KOSPI index, which started higher on the 20th, steadied at the 2520 level before turning lower in the afternoon. On this day, the KOSPI index closed slightly lower, while the KOSDAQ index saw a mo…
https://biz.chosun.com/en/en-finance/2025/01/20/HFO6UA6JZ5DB…

travel_explore

web search NEUTRAL — KOSPI and KOSDAQ Close Lower. by Kim Daehyun.The KOSPI index started at 2,533.23, up 13.18 points (0.52%), even recording a rise of over 1%. This was because, contrary to initial concerns, President T…
https://www.asiae.co.kr/en/article/2025012117101258851

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Claim 21: “BeiGene plunged 9.2% while Innovent Biologics was down 6.87%.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 22: “shares of China State Shipbuilding Corporation, which builds military and civilian vessels, had advanced 8.28%.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 23: “BYD Electronic International surging 16.49%, Sunny Optical Technology Group gaining 16.14% and Xpeng increasing 11.57%.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 24: “The 50-stock benchmark is up 4.24% since the start of the year while the BSE Sensex has risen 4.42%.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 25: “Samsung Biologics, Celltrion and SK Biopharmaceuticals declined by 4.52%, 4.05% and 2.77% respectively.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

info

Claim 26: “The benchmark Nifty 50 surged 3.49% while the BSE Sensex gained 3.38% as of 2 p.m. local time.”

SINGLE SOURCE

The evidence provided for this claim consists of general information about the number '2' and contains no financial data regarding the Nifty 50 or BSE Sensex.

travel_explore

web search NEUTRAL — The number 2 is the second natural number, after 1. Each natural number, including 2, is constructed by succession, that is, by adding 1 to the previous natural number.
https://en.wikipedia.org/wiki/2

travel_explore

web search NEUTRAL — Nov 11, 2019 · Learn the different ways number 2 can be represented. See the number two on a number line, five frame, ten frame, numeral, word, dice, dominoes, tally mark, fingers and picture represen…
https://www.youtube.com/watch?v=-fAmAWQ_TTM

travel_explore

web search NEUTRAL — Apr 24, 2026 · A West Arabic numeral, ultimately from Indic numerals (compare Devanagari २ (2)), from a cursive form of two lines to represent the number two. See 2 § Evolution for more.
https://en.wiktionary.org/wiki/2

schedule

Claim 27: “the Nasdaq Composite ended the session little changed, ending at 17,928.92.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 28: “the Indian rupee strengthened by 0.74% against the greenback to 84.7480.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 29: “They could also potentially hit their best single-day jump since June 5, 2024, when India's National Democratic Alliance won the national elections.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

info

Claim 30: “Hong Kong stocks led gains in the region with the Hang Seng Index surging 2.98% to end the day at 23,549.46, its highest level since March 27”

SINGLE SOURCE

The provided evidence consists entirely of dictionary definitions for the word 'hang' and does not contain any financial data regarding the Hang Seng Index.

travel_explore

web search NEUTRAL — 1. To stand united; stick together: "We must all hang together, or assuredly we shall all hang separately" (Benjamin Franklin). 2. To constitute a coherent totality: diverse plot lines that did not ha…
https://www.thefreedictionary.com/hang

schedule

Claim 31: “Sun Pharmaceutical Industries, which lost 3.43%, Lupin, which dropped by 1.05% and Biocon, which declined by 1%.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 32: “Shares of Shenzhen-listed AVIC Chengdu Aircraft — which manufactures the J-10C fighter jets that were reportedly used by Pakistan during the conflict — had surged 18.365% as at 11.10 a.m. local time.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 33: “Fortescue adding 1.32%, Rio Tinto increasing 1.81% and BHP Group surging 2.26% as at 11.27 a.m. Australian Eastern Daylight Time.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 34: “Japan's current account surplus came in at 3.68 trillion yen ($25.24 billion) in March”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 35: “Sunny Optical Technology Group, which gained 9.24%, Xpeng, which increased 6.65% and BYD Electronic International, which advanced 6.45%.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 36: “The Hang Seng Tech Index rose 2.43% as at 10.31 a.m. local time.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 37: “Birla Corporation, which surged 19.99%, Hindustan Motors which climbed 12.21% and Reliance Power, which jumped 11.38%”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 38: “The benchmark Nifty 50 gained 2.86%, while the BSE Sensex surged 2.87% as at 10.15 a.m. local time.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 39: “As at 1.25 p.m. local time, the Nifty 50 benchmark had gained 3.39% to 24,820.90 while the BSE Sensex had advanced 3.17% to 81,968.22.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

check_circle

Claim 40: “Indian stocks also saw massive gains following the ceasefire between India and Pakistan over the weekend.”

CORROBORATED

Two independent sources confirm a ceasefire deal between India and Pakistan, with one specifically mentioning it appeared to hold through the weekend.

travel_explore

web search NEUTRAL — Summary. India and Pakistan are accusing each other of "violations" following a ceasefire deal reached earlier today. India says its forces are "giving an appropriate response", while Pakistan says it…
https://www.bbc.com/news/live/cwy3jnl3nvwt

travel_explore

web search NEUTRAL — A fragile cease-fire between India and Pakistan to halt the worst violence between the two nuclear-armed rivals in years, appeared to hold through the weekend, despite initial accusations by Indian of…
https://www.tovima.com/wsj/india-pakistan-cease-fire-brokere…

travel_explore

web search NEUTRAL — Deadly explosions rocked India and Pakistan, killing 20+ people in both countries within 24 hours of each other, as authorities hunt for clues in the attacks.
https://www.foxnews.com/world/deadly-explosions-india-pakist…

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Claim 41: “Pakistan's benchmark KSE-100 index rose 8.84% to 116,650.12, its highest level since January.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 42: “The final price for CATL's shares on the Hong Kong Stock Exchange will be announced on or before May 19 and start trading on May 20.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 43: “Hong Kong's Hang Seng Index surged 1.44% Tuesday, extending its gains for the eighth consecutive session.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 44: “Shares of Chinese battery giant Contemporary Amperex Technology (CATL) surged as much as 3.43% on the Shenzhen Exchange on Monday, following its announcement to raise at least 31.01 billion Hong Kong dollars ($3.99 billion) in its Hong Kong listing.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

check_circle

Claim 45: “China and the U.S. announced a trade deal, including a 90-day pause on tariffs and a drop in reciprocal tariffs by 115 percentage points.”

CORROBORATED

Two independent web search results explicitly confirm the 'Geneva Agreement' involving a 90-day pause and a 115-percentage-point reduction in reciprocal tariffs.

travel_explore

web search NEUTRAL — The Geneva Agreement, reached on May 12, includes a 90-day pause and a 115-percentage-point reduction in reciprocal tariffs, signaling the first major de-escalation in the ongoing trade war.
https://www.tradingview.com/news/te_news:458830:0-china-roll…

travel_explore

web search NEUTRAL — The two countries slashed the tariffs by 115 percentage points, easing trade tensions for 90 days.
https://interestingengineering.com/culture/us-and-china-agre…

travel_explore

web search NEUTRAL — Trump paused reciprocal tariffs for 90 days on most countries...
https://www.cnbc.com/2025/04/09/trump-announces-90-day-tarif…

help

Claim 46: “Over in Australia, the benchmark S&P/ASX 200 pared gains to end the day flat at 8,233.50.”

INSUFFICIENT EVIDENCE

No evidence was found for this claim in the provided search results.

info

Claim 47: “Japan's benchmark Nikkei 225 ended the day 0.38% higher at 37,644.26 while the broader Topix index added 0.31% to 2,742.08.”

SINGLE SOURCE

The evidence provided mentions the Nikkei 225 and Topix but does not confirm the specific figures (37,644.26 and 2,742.08) or the percentage gains mentioned in the claim. One source actually reports the Nikkei falling.

travel_explore

web search NEUTRAL — Nikkei 225 and the Topix sat below the flatline.
https://www.cnbc.com/quotes/.N225

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web search NEUTRAL — Track indices of China, India, Japan, and other Asian markets. Explore latest quotes, changes, and other stats of Japan 225 (Nikkei), NIFTY 50, and more.
https://www.tradingview.com/markets/indices/quotes-asia/

travel_explore

web search NEUTRAL — The Nikkei 225 fell 0.6% to 39,646.36, while the Topix also shed 0.6%. Aeon's shares plummeted due to accounting irregularities. Disco, a chipmaker supplier, saw gains after raising its earnings forec…
https://economictimes.indiatimes.com/topic/the-nikkei-and-to…

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Claim 48: “Chugai Pharmaceutical plunging 10.89%, Daiichi Sankyo Co retreating 8.15% and Takeda Pharmaceutical Co losing 5.27% as at 2.08 p.m. Singapore time.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 49: “As at 9.20 a.m. Singapore time, the bullion was trading 1.85% lower at $3,262.29 per ounce.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.