Hong Kong stocks surged 338 points or 1.6% to a near 10-week peak of 21,904 in Wednesday morning trade, rising for a third straight session. The rally followed a rebound on Wall Street after U.S. President Trump softened his tone on Fed Chair Powell, despite recently posting, "Powell's termination cannot come fast enough!" Meanwhile, Treasury Secretary Scott Bessent said he expects the U.S. and China to begin de-escalating trade tensions "in the very near future." On the domestic front, reports suggested Chinese "national team" and retail investors stepped in to support mainland equities. Investors are also closely watching the upcoming Politburo meeting for policy signals, with Citi expecting the session to take place later this week. All sectors rose, led by consumer, tech, and financial stocks. Xiaomi rose 3% after Q1 shipments in China surged 40% to 13.3 million units. Other notable performers included Tencent (3.1%), Smoore Intl. (7.7%), Akeso (7.4%), and Sunny Optical (3.6%).
Source: trading Economi
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