Hong Kong stocks rose on Tuesday, joining a global market rebound triggered by hopes that a damaging trade war between the United States and China could be averted.
The abrupt mood swing came amid reports Chinese and U.S. officials were busy negotiating to avert an all-out trade war. White House officials are asking China to cut tariffs on imported cars, allow foreign majority ownership of financial services firms and buy more U.S.-made semiconductors.
Chinese Premier Li Keqiang on Monday pledged to maintain trade negotiations and ease access to American businesses.
The Hang Seng index rose 0.8 percent to 30,790.83, while the China Enterprises Index gained 0.9 percent to 12,301.55 points.
Source : Reuters