Shares in Hong Kong soared 520 points or 2.2 to 24,115 on Thursday morning deals, marking the third session of gains while reaching their highest level in over three years.
This followed an overnight rally on Wall Street in the wake of President Trump's announcement of a one-month exemption on auto tariffs for Mexico and Canada.
Traders keenly added new positions after China projected a 5% GDP growth for 2025 during a parliamentary session, keeping the same forecast as 2024 despite trade tensions with the US.
Moreover, Beijing announced plans to issue CNY 1.3 trillion in ultra-long special treasury bonds to boost demand and support infrastructure projects.
Gains were broad-based, with CK Hutchison Hlds. jumping around 12%, following a 22% climb Wednesday, after agreeing to sell all its shares in Hutchison Port Hlds. and Hutchison Port Group Hlds to BlackRock. Other winning stocks included Tencent Hlds. (4.4%), Semicon Manufacturing (4.2%), Kuaishou Tech (10.8%), and KE Hlds. (6.4%).
Source: Trading Economics
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