Hong Kong shares jumped 495 points or 2.5% to 20,304 in Tuesday morning trade, attempting to recover from a historic 13.2% plunge in the previous session—the steepest one-day loss since 2008. The upturn was supported by broad-based gains, led by strength in the tech and consumer sectors. Sentiment improved, buoyed by a sharp rise in U.S. futures, after Wall Street's S&P 500 posted its third consecutive loss overnight in the wake of President Trump's latest tariff announcement. Meanwhile, Beijing warned it will "fight to the end" if the U.S. moves forward with additional tariffs, reaffirming its readiness to implement further countermeasures. Traders also engaged in bargain hunting after China renewed its pledge to cut borrowing costs and the RRR this year, as policymakers move to accelerate stimulus measures aimed at boosting consumption. Notable gains were seen in Horizon Robotics (9.3%), Trip.com (7.4%), Xiaomi Corp. (6.4%), Meituan (4.1%), and Semiconductor Manufacturing (3.6%).
source: Trading Economi
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