Hong Kong Shares Edge Higher After Six-Session Slide
Hong Kong stocks rose 66 points, or 0.25%, to 25,956 on Tuesday morning trade, attempting to recover following six consecutive sessions of losses.
Gains were supported by a strong Wall Street rally overnight and comments from U.S. Treasury Secretary Scott Bessent that President Trump remains on track to meet Xi Jinping in South Korea later this month.
Stronger-than-expected Chinese trade data for September also lifted sentiment, as both exports and imports rose sharply ahead of the expiration of the current 90-day tariff truce on November 9.
All sectors advanced, led by financials and property, in line with mainland markets.
Geely Auto jumped 2.6% after approval for debt financing instruments, while gold-related stocks benefited from record-high bullion prices—Zhaojin Mining Industry (4.7%), China Gold International Resources (3.1%), and Laopu Old (2.8%).
However, caution ahead of China’s September credit figures later today and upcoming CPI and PPI data tempered further increases.