Hong Kong stocks hovered around a one-week high on Tuesday, as investors digested the latest development on the tariff front from US President Donald Trump while bracing for China’s first-quarter economic data.
The Hang Seng Index rose 0.2 per cent to 21,466.27 at the close. The Hang Seng Tech Index dropped 0.7 per cent. On the mainland, the CSI 300 Index added 0.1 per cent and the Shanghai Composite Index advanced 0.2 per cent.
Companies reliant on domestic demand climbed. After-school educational service provider New Oriental Education and Technology Group advanced 3.7 per cent to HK$35.40 and bottled-water maker Nongfu Spring gained 2.5 per cent to HK$37.15, while Anta Sports Products rallied 2.4 per cent to HK$87.65.
Limiting the gains, chipmaker Semiconductor Manufacturing International Corp slid 4.5 per cent to HK$45.35 and Macau casino operator Galaxy Entertainment Group lost 3.6 per cent to HK$27.00.
In the latest twist on…
