Hong Kong stocks extended a rally on Tuesday as investors continued to bet on easing US-China trade tensions.
The Hang Seng Index rose 1.7 per cent to 26,286.47 at the noon break. The Hang Seng Tech Index surged 2.6 per cent.
On the mainland, the CSI 300 Index rose 1.5 per cent and the Shanghai Composite Index added 1.2 per cent.
Semiconductor Manufacturing International jumped 5.9 per cent to HK$76.05, smartphone camera-module maker Sunny Optical Technology Group added 4.2 per cent to HK$81.90 and China Life rose 7.6 per cent to HK$25.30.
Making its trading debut, JST Group, a provider of software for enterprise resource planning in e-commerce, surged 24.1 per cent to HK$37.96.
On the negative side, Chinese toymaker Pop Mart slid 5.4 per cent to HK$257.80, China Telecom lost 1.2 per cent to HK$5.62 and CK Infrastructure slipped 1.3 per cent to HK$52.10.
Investors appeared willing to shrug off US President Donald Trump’s comment on Monday that he would impose a 155 per cent tariff on Chinese goods if trade negotiations between the two countries failed to reach an agreement. The threat came after tensions between the world’s two largest economies showed signs of easing over the weekend as Trump said he would meet Chinese President Xi Jinping later this month at the Asia-Pacific Economic Cooperation forum in South Korea.
