Hong Kong stocks added 35 points or 0.15% in early trade on Tuesday, hovering near 23,312 after a sharp drop in the previous session.
Investors reacted to fresh data from China showing industrial profits rose 1.4% in the first four months of 2025, up from 0.8% in Q1, as Beijing ramped up efforts to support the sluggish economy and counter rising trade risks.
On the trade front, Hong Kong's exports jumped 14.7% in April, but imports rose a faster 15.8%, widening the trade gap.
Meanwhile, Fitch Ratings affirmed Hong Kong's long-term foreign currency issuer default rating at AA- with a stable outlook, citing strong credit fundamentals, sizable fiscal buffers, and solid external finances, despite some fiscal slippage.
In the U.S., markets were closed Monday for a holiday. Among early performers were Mixue Group (6.4%), Hansoh Pharma (3.9%), and Smoore Intl. (4.2%). On the downside, CK Asset Holdings fell 3.5%, Techtronic Inds. lost 2.1%, and Sands China slipped 1.3%.
Source: Trading Economi
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