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Hong Kong stocks rose on Tuesday, tracking firmer overseas markets, with technology and pharmaceutical shares leading the gains. The Hang Seng benchmark was up 0.78% by midday, while the Hang Seng China Enterprises Index climbed 0.82%. Tech shares gained 0.87% and biotech shares rose nearly 3%.
Hong Kong stocks advanced on Tuesday, mirroring a stronger overseas market. Gains in pharmaceutical and technology shares offset declines in property developers, lifting the benchmark Hang Seng index by 0.78% by midday.
Shanghai Composite closed up 1% at 3,949.91; CSI300 up 0.7%; STAR50 up 0.3%. In Hong Kong, Hang Seng rose 1.2% and Hang Seng Tech 0.4%. Tech and property shares led, with gains after US-China talks in New York; US side proposed an AI safety notification mechanism for Sept 23-25.
Shanghai Composite index was up 0.6% at 3,933.37 points. China's blue-chip CSI300 index was up 0.4%. The start-up board ChiNext Composite index was higher by 0.9% and Shanghai's tech-focused STAR50 index was up 0.4%. The CSI AI Index added 1.1%. Tech shares gained after US Treasury Secretary Scott Bessent and Chinese V
Crude rallied Monday after renewed U.S.-Iran strikes, with West Texas Intermediate up 2.5% to $85.49 and Brent up 2.7% to $90.47. The 10-year Treasury yield hit 4.76%, while U.S. equities fell.