The Hang Seng Index rose 1.5 per cent to 20,127.84 as of 11am local time, advancing for the first time in four trading days, following a rout that wiped out at least HK$194 billion (US$25 billion) in market value. The CSI 300 index, which tracks the 300 largest stocks in Shanghai and Shenzhen, rose 0.4 per cent.
Elsewhere in the Asia-Pacific region, Japan’s Nikkei 225 Index rose 6.1 per cent and Australia’s S&P/ASX 200 advanced 1.5 per cent. Stock indexes also rose in Seoul and Wellington, while trading was mixed in Kuala Lumpur and Singapore.
Leading the Hong Kong market, internet technology company NetEase jumped 8.5 per cent to HK$146.70, e-commerce giant JD.com surged 9.7 per cent to HK$138.60 and travel booking platform Trip.com advanced 7.2 per cent to HK$439.40.
On the downside, Xinyi Glass Holdings retreated 2.9 per cent to HK$6.77 and Hang Seng Bank fell 1.9 per cent to HK$96.15.
One stock debuted on Tuesday. China Nerin Engineering jumped 198 per cent to 61.23 yuan (US$8.65) in Shanghai.
Central Huijin Investment, a unit of China’s US$1.2 trillion sovereign wealth fund, bought exchange-traded funds (ETFs) on Monday, intervening in the nation’s stock market that is reeling from the mayhem inflicted by reciprocal tariffs from the US.
