Alibaba, Kuaishou lead Hong Kong stocks higher as investors bet on easing trade tensions

Quick Summary:

Trump’s comments to make a nice’ deal with China and that he has no intention of firing Fed chair Powell lift sentiment.

Earlier on Tuesday, US Treasury Secretary Scott Bessent told investors in a closed-door meeting that the tariff stand-off with China was unsustainable by both sides and that the world’s two largest economies would have to find ways to de-escalate.

Technology firms and exporters led the market higher.

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Article Details

Author / Journalist: Yulu Ao

Category: Business

Markets: Hong KongChinaVietnam

Topics: Trump Chair Cent Rose Technology Stocks Hang Index China Group Seng

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-23 @ 10:25:51 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 287 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 28162858

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