Hong Kong stocks near 2-month high on ‘likely' Trump-Xi trade talks
Hong Kong
stocks rose on Tuesday, with the benchmark approaching a two-month high amid hopes the US and China will make headway in trade talks.
The Hang Seng Index gained 1.1 per cent to 23,401.25 at 10.03am local time. The Hang Seng Tech Index added 0.8 per cent. On the mainland, the CSI 300 Index climbed 0.2 per cent and the Shanghai Composite Index strengthened 0.2 per cent.
Electric-vehicle maker Li Auto jumped 5.2 per cent to HK$115.50 and bottled-water manufacturer Nongfu Spring rallied 3.8 per cent to HK$39.70. Gold producer Zijin Mining Group advanced 3.5 per cent to HK$18.38. Alibaba Group Holding added 0.8 per cent to HK$114.10 and Tencent Holdings added 1.1 per cent to HK$504.
In the latest development on the trade negotiations, US President Donald Trump was 'likely' to
speak to his Chinese counterpart Xi Jinping this week, White House spokeswoman Karoline Leavitt said on Monday. The two sides have accused each other of flouting a 90-day truce reached in Switzerland in early May.
Elsewhere in Asia-Pacific, Japan's Nikkei 225 climbed 0.2 per cent, South Korea's Kospi rose 0.1 per cent and Australia's S&P/ASX 200 added 0.6 per cent.
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