0220 GMT - Hong Kong shares are sharply higher in early Asian trading, tracking strong gains on Wall Street overnight. U.S. stock markets recorded their third-biggest advance in post-World War II history after President Trump paused certain tariffs, UOB analysts say in a commentary. Among major stocks, tech companies are leading the gains. Alibaba rises 5.3%, Meituan gains 2.9% and Baidu adds 5.3%. Auto stocks are also higher, with NIO jumping 6.1% and Li Auto climbing 6.8%. The Hang Seng Index rises 4.2% to 21119.67 and the Hang Seng Tech Index is 5.7% higher. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
April 09, 2025 22:21 ET (02:21 GMT)
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