The Hang Seng climbed 260 points or 1.1% to end at 24,148 on Tuesday, closing higher for the first session in four amid broad-based gains led by tech, consumer, and financial stocks.
Sentiment improved following a recent pledge from China's top leadership to tighten oversight on aggressive price-cutting by domestic firms, a move analysts say could support a rebound in producer prices and boost long-term corporate earnings.
The tech index surged around 1.8% as several firms issued upbeat profit alerts, while consumer shares gained on optimism that subsidies from food delivery platforms in the city could drive stronger demand. However, gains were capped by renewed trade worries after U.S. President Trump warned that significantly higher tariffs would begin on August 1.
Investors also remained cautious ahead of China's June CPI and PPI data due Wednesday, after weak figures in May. Top movers included Chow Tai Fook Jewellery (4.4%), BYD Electronic (3.3%), SMIC (3.2%), and Meituan (2.6%).
Source: Trading Economi
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