Hong Kong stocks rose on Tuesday, with the benchmark nearing a two-month high amid hopes the US and China will hold high-level talks to resolve the trade dispute.
The Hang Seng Index closed 1.5 per cent higher at 23,512.49, near the highest level since March 19. The Hang Seng Tech Index added 1.1 per cent. On the mainland, the CSI 300 Index climbed 0.3 per cent and the Shanghai Composite Index strengthened 0.4 per cent.
Electric-vehicle maker Li Auto jumped 5.8 per cent to HK$116.40 and machine tool maker Techtronic Industries advanced 2.5 per cent to HK$90.80. China Construction Bank rallied 3.5 per cent to HK$7.16 and China Merchants Bank added 3.1 per cent to HK$49.60. Alibaba Group Holding added 0.6 per cent to HK$113.90 and Tencent Holdings added 1.3 per cent to HK$505.
Traders are keeping a close watch on the latest developments in the trade negotiations. US President Donald Trump was “likely” to speak to his Chinese…
