The Hang Seng rose 182 points, or 0.7%, to finish at 26,793 on Tuesday, its third straight advance, with broad-based sector gains. Sentiment was supported by easing trade tensions, with the EU reassessing tariffs on Chinese-made electric vehicles imposed in 2024. On the corporate front, China Vanke drew focus as it seeks to extend the grace period for a CNY 2 billion bond repayment to 90 trading days. Earlier strength lifted the key index to a two-month high, but gains were later cut as profit-taking set in alongside a drop in mainland stocks ahead of key China data later this week. Also, U.S. futures edged down amid concerns over Fed independence following a Justice Department probe into Chair Powell, just before CPI and earnings season. GigaDevice Semiconductor surged 40% in its Hong Kong debut, while Dongfeng Motor jumped 6.4% on privatization plans. Other solid movers included Wuxi Biologics (5.6%), Zijin Gold Intl. (4.8%), China Taiping Insurance (4.6%), and Henderson Land (2.9%).
