Hong Kong Shares Rise to 1-Month Peak as Trading Resumes
Hong Kong equities rose 142 points or 0.6%, to 22,645 in early trading on Tuesday, marking a fourth straight session of gains as markets reopened after a holiday.
Broad-based sector gains—particularly in financials, property, and consumers—pushed the index to a one-month high. Sentiment was further boosted by flash data showing the city’s economy grew 3.1% yoy in Q1 of 2025, the strongest pace in five quarters, driven by tourism activity and robust exports ahead of U.S. President Trump’s planned tariff hikes. In China, stock markets also resumed activity amid signs that Beijing is open to U.S. proposals for talks over 145% tariffs.
However, further gains were limited by losses on Wall Street overnight. Meanwhile, a private survey reported China’s services sector grew the least in seven months in April, as new orders slowed sharply and sentiment neared a record low. Top gainers among large caps included Sands China (6.6%), Chow Tai Fook (6.4%), Nongfu Spring (5.7%), and Meituan (4.1%).
Source : Trading Economics
