Hong Kong’s stocks climbed 305 points, or 1.3%, to 24,686 in Tuesday morning trade, snapping a three-day losing streak as bargain hunters stepped in after the market hit a near eight-month low. The rebound tracked gains across Asia after U.S. President Donald Trump postponed strikes on Iran’s power grid, easing fears of a deeper energy shock. Sentiment also improved after China’s Premier Li pledged to boost imports of high-quality foreign goods and promote balanced trade, while PBoC Governor Pan Gongsheng sought to calm concerns over China’s trade surplus. Still, caution lingered ahead of February trade data in Hong Kong, following December’s swing to a deficit. Financials and property stocks led the upturn, with Laopu Gold surging nearly 10% on stronger-than-expected Q1 results. Zijin Gold Intl. added 2% on higher sales and prices, while China Hongqiao jumped 4.2% on aluminum optimism. Other top movers were China Resources Beer (5.2%), Pop Mart Intl. (4.3%), and SITC Intl. (3.6%).
