Hong Kong stocks rose on Tuesday, ending six consecutive days of declines. The Hang Seng Index rose 0.2% to 25,925, as investors expressed optimism that tensions between China and the United States would ease. This hope arose after the two countries opened the door to renewed negotiations. Blue-chip stocks such as Pop Mart and BYD led the gains, while gold and technology stocks also moved positively.
This increase signals a stabilization in the market after a previous sell-off triggered by geopolitical concerns. US President Donald Trump signaled a possible meeting with Chinese President Xi Jinping later this month in South Korea, which is seen as an opportunity to defuse the trade conflict. Meanwhile, a statement from the Chinese Ministry of Commerce that restrictions on rare earth metal exports were not intended to deter the US also helped calm the market. (az)
Source: Newsmaker.id
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