WB-SW, a leading Hong Kong stock, surged 6.71% in Tuesday's intraday trading session, outperforming the broader market. The stock's rally was fueled by optimism surrounding potential progress in US-China trade negotiations.
Hong Kong stocks experienced a significant boost, with the Hang Seng Index climbing 3.1% by 10:25 a.m. local time, marking its biggest daily gain since October 2. The Hang Seng Tech Index also jumped 4.9% as investor sentiment improved.
The positive market sentiment was driven by comments from US President Donald Trump, who stated that he would speak with China regarding trade negotiations, raising hopes for a potential resolution to the ongoing trade tensions. This news sparked a broad-based rally in Hong Kong stocks, with prominent names like XPeng, Bilibili, Li Auto, SMIC, JD.com, Meituan, Xiaomi, NIO, Alibaba, and Tencent all posting significant gains.
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