Hong Kong shares rose 60 points, or 0.2%, to 22,841 on Friday morning, extending gains for a seventh straight session and holding around a one-month high. Positive sentiment from Wall Street overnight supported sentiment after US President Trump suggested tariffs on Chinese goods could be eased if upcoming trade talks in Switzerland go smoothly—the first formal negotiations between the US and China. Investors also cheered a major trade deal between the US and the UK. Financial and consumer stocks led gains, while property and technology stocks lagged. However, further gains were capped by growing caution ahead of China's April trade figures due later in the day, as tariffs may start to weigh on external demand. The Hang Seng is on track for a fifth straight weekly gain, up more than 1% so far this year, supported by recent monetary easing from the PBOC. Early movers include Henderson Land Development (5.5%), Chow Tai Fook Jewellery (4.4%), Prada Spa (4.0%), and Lenovo Group (3.0%).(Newsmaker23)
Source: Trading Economics
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