Hong Kong stocks maintained their momentum on Thursday, lifted by optimism over US-EU tariff negotiations and a revival in global trade diplomacy.
The Hang Seng Index rose 129.11 points, or 0.5%, to close at 25,667.18, while the Hang Seng China Enterprises Index (HSCEI) added 16.42 points, or 0.2%, to 9,257.62.
Investor sentiment improved after reports that the US and European Union are moving closer to a trade agreement that would impose a broad 15% tariff on EU imports, replacing the steeper 30% duty set to take effect on August 1.
The deal, which may include automobiles, would mirror a similar pact between the US and Japan.
Separately, the US and China are expected to begin a third round of trade talks in Sweden from July 27 to 30, believed to lead to an extension of the current 90-day tariff truce.
In corporate news, SenseTime closed about 8% higher, after it agreed to sell HK$2.5 billion worth of shares to Infini Capital Management.
While WuXi Biologics (Cayman) gained 4% on forecasting a 56% jump in its half-year attributable profit.
Source : MT Newswires
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