Hong Kong stocks rose 179 points, or 0.7%, to 26,218 in Tuesday morning trade, sustaining gains from the previous session amid broad-based sector strength. Sentiment improved further on expectations that weak November PMI readings in China could prompt Beijing to introduce fresh economic support. Investors also welcomed new data showing Hong Kong’s retail sales posted their strongest growth since late 2023 in October, marking a fourth consecutive monthly increase on the back of steady visitor arrivals. However, gains were capped by a pullback in mainland equities after a three-session rise. On the corporate front, distressed developer China Vanke asked bondholders for a one-year extension on repayment as it faces mounting liquidity strain and diminishing state support. Early movers included Kuaishou (2.6%), Citic Ltd. (2.4%), Xiaomi Corp. (1.8%), and AIA Group (1.4%).
