Shares in Hong Kong rose by 142 points, or 0.6%, to 23,247 in morning deals on Tuesday, halting the bearish trend of the prior two sessions, supported by gains in tech, energy, and consumer services.
Fresh data from China lifted sentiment after a private survey showed that factory activity in the mainland grew the most in four months, following Monday's official data that revealed the manufacturing sector expanded at the fastest pace in a year. The Hang Seng rebounded from a four-week low touched the day before, tracking a rise in Wall Street's S&P and Dow Jones overnight.
However, traders continued to monitor news about US tariffs ahead of the tariff announcement on April 2, amid concerns over escalating trade tensions. Among early gainers were Wharf Real Estate (4.7%), Sino Biopharmaceutical (4.3%), Kuaishou Technology (4.1%), Hansoh Pharmaceutical (3.9%), and New Oriental Education & Technology Group (3.8%).
Source: Trading Economics
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