The Hang Seng rose 178 points or 0.7% to finish at 25,894 on Tuesday, extending strength for a second session amid broad-based sector advance. Sentiment improved after U.S. President Trump described relations with China as “extremely strong” following a call with Xi Jinping on Monday. Risk appetite was also lifted by a rebound in mainland stocks from a two-month low, following the PBoC’s CNY 1 trillion MLF operation today, which resulted in a net liquidity injection of about CNY 100 billion. The tech index gained 1.2%, tracking an overnight rally in U.S.-listed peers as traders downplayed concerns of an overheating AI sector. Still, markets pared early gains amid a modest drop in U.S. futures and caution ahead of Hong Kong’s October trade data. Xiaomi jumped 3.8% after its founder bought shares on the open market, while CSPC Pharma surged 3.2% after securing U.S. clinical trial approval for one of its products. Alibaba Group climbed 1.9% ahead of its earnings release later in the day.
