The Hang Seng Index rose 1.6 per cent to 21,398.89 at the noon break, recouping most of the 1.9 per cent decline a day earlier. The Hang Seng Tech Index gained 2.3 per cent.
On the mainland, the CSI 300 Index slid less than 0.1 per cent, while the Shanghai Composite Index added 0.2 per cent.
Chinese property developer Longfor Group rallied 6.3 per cent to HK$10.82 and peer China Overseas Land and Development advanced 5.3 per cent to HK$14.72. Chipmaker Semiconductor Manufacturing International Corp added 3.2 per cent to HK$46.85 and after-school tutoring service provider New Oriental Education and Technology Group tagged on 3.5 per cent to HK$35.20. Gold producer Zijin Mining jumped 2 per cent to HK$17.52 after bullion prices rose to a record.
Investors are optimistic that China will roll out more forceful policies to mitigate the impact of the 145 per cent levy slapped by the US. Premier Li Qiang hinted that policies to expand domestic demand and bolster consumption were on the way, while pledging more support for the property market and urging exporters to diversify their channels for overseas sales.
