Hong Kong Market Opens Week with Strong Gains — TradingView News

Hong Kong equities jumped 322 points or 1.4% to 23,188 in early Monday trade, marking the eighth straight session of gains and notching their highest level in 1-1/2 months.

The rally followed a strong surge in U.S. futures amid signs of progress in U.S.-China trade talks over the weekend Washington highlighted progress toward a deal and Beijing confirmed both sides had agreed to launch formal negotiations.

Sentiment was further lifted by easing geopolitical tensions, including a fragile ceasefire between India and Pakistan and Ukrainian President Zelenskiy’s openness to meet Russian Putin.

All sectors saw broad gains, as Hong Kong plans to revamp its tourism industry.

Still, the upside was tempered by weak April CPI/PPI data from China, where consumer prices fell for the third month and producer prices posted their steepest drop in six months.

Leading gainers included Techtronic Inds. (4.2%), Trip.com (3.0%), Li Auto (2.6%), and Tencent Hlds. (1.7%).