Hong Kong shares rose 142 points, or 0.6%, to 22,645 in early trade on Tuesday, marking a fourth straight session of gains as markets reopened after a holiday. Broad sector gains—particularly in financials, property and consumer staples—pushed the index to a one-month high. Sentiment was further boosted by flash data showing the city's economy expanded 3.1% year-on-year in the first quarter of 2025, the strongest pace in five quarters, driven by robust tourism and exports ahead of U.S. President Trump's planned tariff hikes. In China, stock markets also resumed activity amid signs Beijing is open to a U.S. proposal for talks on 145% tariffs. However, further gains were capped by losses on Wall Street overnight. Meanwhile, a private survey reported China's services sector expanded at its slowest pace in seven months in April, as new orders slowed sharply and sentiment hovered near a record low. The biggest gainers by market capitalization included Sands China (6.6%), Chow Tai Fook (6.4%), Nongfu Spring (5.7%), and Meituan (4.1%).(Newsmaker23)
Source: Trading Economics
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