Hong Kong shares opened higher Thursday as the White House paused the hefty tariffs on dozens of nations while further boosting levies on Chinese imports to 125%.
The Hang Seng Index gained 545.94 points, or 2.70%, to open at 20,810.43. The Hang Seng China Enterprises Index gained 183.46 points, or 2.4%, to open at 7,719.14.
US President Donald Trump made a U-turn and paused for 90 days the tariffs on most trading partners, sparking a rally in global markets. US Treasury Secretary Scott Bessent said the government had planned the turnaround to ignite negotiations with other countries.
However, the US leader has further put pressure on China, saying he would raise tariffs on Chinese imports to 125% from 104% after the world's second-largest economy imposed 84% retaliatory tariffs on US imports.
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