Hong Kong equities climbed 377 points, or 1.5%, to 25,789 in Tuesday morning trade, rebounding from the prior session as all sectors supported the upturn. Sentiment improved after Wall Street’s overnight rally and comments from U.S. President Donald Trump suggesting the war against Iran may be nearing an end, alongside reports of possible easing of oil sanctions on Russia. In China, stocks rose modestly after Monday’s losses, with traders awaiting combined January–February trade data later today, expected to show stronger exports and imports following last year’s record USD 1.2 trillion surplus. Meanwhile, consumer inflation surged to a three-year high in February, boosted by Lunar New Year spending, while producer deflation eased. A drop in U.S. futures capped gains as geopolitical tensions persisted, with Iran’s military vowing more missile strikes. Early top performers included Minimax Group (10.1%), H World Group (4.7%), Cathay Pacific (4.3%), Tencent Group (2.9%), and SMIC (2.6%).
