Published on 06/03/2025 at 04:49
(MT Newswires) -- Hong Kong stocks rebounded on Tuesday, clawing back losses from a weak start to the month, after the White House signaled that US President Donald Trump and Chinese President Xi Jinping could hold a phone call this week.
The Hang Seng Index rose 1.5%, or 354.52 points, to 23,512.49. The Hang Seng China Enterprises Index gained 2%, or 160.60 points, to 8,519.86.
White House Press Secretary Karoline Leavitt said on Monday that the two leaders are "likely" to speak this week, though she offered no firm date and stressed the call was not yet confirmed.
The prospect of a leadership-level conversation was welcomed by investors. Markets have been rattled in recent weeks by worsening rhetoric and escalating tariffs between Washington and Beijing.
A direct exchange between Trump and Xi, their first since Trump's return to office in January, could mark a turning point, particularly after the 90-day tariff truce agreed in Geneva last month.
In corporate action, tech shares outperformed. Li Auto surged 6% to close, while BYD climbed 4% and Xiaomi rose 3%.

Sumber : MT Newswires