The Hang Seng Index was little changed at 26,437.18 at the noon break. The Hang Seng Tech Index rose less than 0.1 per cent. Hong Kong’s market will be closed on Wednesday for a public holiday.
On the mainland, the CSI 300 Index gained 0.2 per cent. The Shanghai Composite Index also added 0.2 per cent to 4,005.44, set to close above the 4,000-point mark for the first time in a decade. China’s 10-year government bond rose after central bank governor Pan Gongsheng said that the People’s Bank of China would resume trading of sovereign debts on the secondary market.
All eyes will be on the meeting between Xi and Trump at the Asia-Pacific Economic Cooperation summit in South Korea on Thursday, the first one since the latter returned to the White House in January. The sit-down came after high-level officials from the two nations reached a preliminary deal on a wide range of issues, from an extension of tariff deadlines to rare earth exports and fentanyl controls, earlier this week.
“It would not be plausible to conceive that the two nations would reach an all-out deal,” said Chen Meng, an analyst at Soochow Securities. “But as long as there’s a deal that can be reached, that would signal a de-escalation. For Hong Kong stocks, the medium-term uptrend is still there.”
