China and Hong Kong stocks fell on Wednesday after U.S. President Donald Trump hinted at new tariffs on Chinese imports, ending a brief reprieve for the markets. China's blue-chip CSI 300 Index and the Shanghai Composite Index both declined 0.

Yesterday, Hong Kong-listed growth stocks had a strong day, as the Hang Seng Index gained +1.75% and the Hang Seng Tech Index gained +2.59% following President Trump and President Xi’s Friday phone call that took place after Asia markets closed and before the US markets opened.

China’s government has begun incrementally stimulating their economy, which could be a tailwind for China equities, which may have bottomed in January of last year.