The run-up that drove Hong Kong stocks to the highest level in more than three and a half years continued on Wednesday after the US scheduled a fresh round of trade talks with China next week and clinched a deal with Japan, reducing concerns about damage to the global economy and corporate earnings.
The Hang Seng Index rose for a fourth day, climbing 1.1 per cent to 25,413.48 at the noon break to head for the highest close since November 17, 2021. The Hang Seng Tech Index gained 1.8 per cent.
On the mainland, the CSI 300 Index and the Shanghai Composite Index added at least 0.7 per cent.
Biotech firm Wuxi Biologics jumped after it received approval for five manufacturing facilities in the US. Alibaba Group Holding and Tencent Holdings also advanced.
US Treasury Secretary Scott Bessent said on Fox Business that he would meet his Chinese counterparts in Stockholm next week for a third round of trade talks. A 90-day tariff pause between…
