The Hang Seng Index rose 0.6 per cent to 26,055.10 as of 10.16am local time, adding to a 1.8 per cent gain a day earlier. The Hang Seng Tech Index added 0.2 per cent.
On the mainland, the CSI 300 Index climbed 0.7 per cent and the Shanghai Composite Index advanced 0.3 per cent.
Pop Mart International Group, which makes blockbuster intellectual property toy Labubu, rallied 5.9 per cent to HK$289.20 after JPMorgan Chase updated the stock to overweight. New Oriental Education and Technology Group surged 6.9 per cent to HK$44.90. Alibaba Group Holding added 0.5 per cent to HK$162.20.
Stock traders have turned their attention to the flare-up of China-US tensions that have impacted global financial markets. US President Donald Trump said America was in a trade war with China, while Treasury Secretary Scott Bessent later struck a reconciliatory tone. Bessent suggested an extension to the 90-day tariff truce with China, if Beijing held off on imposing restrictions on its exports of rare earths.
The following weeks are a critical time window to monitor how the China-US ties evolve. Trump is expected to meet with Chinese President Xi Jinping by the end of the month in South Korea, with the 90-day tariff ceasefire between the two nations expiring on November 12.
