0444 GMT - Hong Kong shares pare strong gains by the midday break, underperforming regional counterparts, as the market assesses President Trump's latest tariff moves. Investors cheer the 90-day pause on levies for some economies even as duties were raised on Chinese goods, though analysts note that the situation remains fluid. "Miles of track remain on this roller-coaster ride," Barclays analysts say in a note. Gold-mining stocks are broadly higher after a rally in prices of the precious metal. Zijin Mining Group climbs 5.7% and Shandong Gold Mining jumps 6.3%. Consumer-related stocks are also up firmly, with Alibaba Health Information gaining 4.3% and Pop Mart International Group adding 3.9%. Investors now await Chinese stimulus measures, with the authorities holding high-level meetings in response to the U.S. tariffs. The benchmark Hang Seng Index is 1.8% higher at 20628.86, better than only the Shanghai Composite Index, which is up 0.9%. The Hang Seng Tech Index rises 2.4%. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
April 10, 2025 00:44 ET (04:44 GMT)
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