Hong Kong Stocks Close Higher. HSTECH up 2.7%; Li Auto, NIO up Around 4%; JD.Com up 3.7%; Xiaomi up 2.7%; Alibaba, Tencent up Around 1%
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%.
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