Hong Kong stocks rose on Tuesday, arresting a three-day decline, on optimism that the US will sweeten its tariff deals with key trading partners after the Trump administration postponed the effective date of new levies on 14 countries.
The Hang Seng Index climbed 1.1 per cent to 24,148.07 at the close, snapping a three-day, 1.4 per cent decline, while the Hang Seng Tech Index gained 1.8 per cent. On the mainland, the CSI 300 Index rose 0.8 per cent and the Shanghai Composite Index added 0.7 per cent.
Tech stocks led gains: Baidu rose 3.6 per cent to HK$88.95 and Kuaishou Technology advanced 5.2 per cent to HK$66.25. Xiaomi gained 2.4 per cent to HK$58.65 and Alibaba Group Holding, owner of the Post, added 1.5 per cent to HK$107. Tencent Holdings climbed 0.5 per cent to HK$504.50 after it said it repurchased HK$501 million (US$63.8 million) worth of shares on Monday.
US President Donald Trump told Japan and South Korea that new tariffs…
