Hong Kong stocks closed higher on Thursday after Trump announced a 90-day pause on the so-called reciprocal tariffs that hit dozens of trade partners after midnight.

That announcement sent Wall Street on a tear, driving a 9.5 per cent gain in the S&P 500 Index, while the Nasdaq Composite Index closed 12.2 per cent higher for the most substantial rally in 24 years.

The Hang Seng Index rose 2%, and the Hang Seng Tech Index rose 2.66%.

Li Auto, XPeng, NIO up around 4%; Kuaishou, JD.com up more than 3%; Xiaomi, BYD Company, SMIC up around 2%; Alibaba, Tencent up around 1%.