JD-SW, the logistics arm of JD.com, saw its shares surge 6.52% during Tuesday's trading session as Hong Kong stocks rallied on growing hopes for a resolution in the US-China trade negotiations.
The Hang Seng Index jumped 3.1%, marking its biggest daily gain since October, after US President Donald Trump indicated that talks with China would likely take place in the next 24 hours. Investor sentiment was boosted by the prospect of easing trade tensions between the world's two largest economies.
Shares of e-commerce and technology companies listed in Hong Kong led the rally, with JD.com, Alibaba, and Tencent all posting significant gains. As a key logistics player supporting JD.com's operations, JD-SW's stock price was buoyed by the positive sentiment surrounding the potential trade resolution and its impact on the broader e-commerce sector.
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