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2025.11.2508:20:05UTC+00Hang Seng Trims Gains at Close

The Hang Seng Index advanced by 178 points, or 0.7%, closing at 25,894 on Tuesday, marking its second consecutive session of gains as various sectors experienced a broad-based uplift. Market sentiment was bolstered after U.S. President Trump characterized relations with China as "extremely strong" following his conversation with Xi Jinping on Monday. The appetite for risk was further enhanced by a rebound in mainland stocks from a two-month low, spurred by the People's Bank of China's CNY 1 trillion Medium-term Lending Facility operation today, which effectively injected around CNY 100 billion in net liquidity. The technology sector saw a 1.2% increase, mirroring an overnight rally among U.S.-listed counterparts as traders downplayed concerns over the potential overheating of the AI sector. Nonetheless, early gains were tempered due to a slight decline in U.S. futures and a sense of caution ahead of the release of Hong Kong's October trade data. Xiaomi experienced a 3.8% surge after its founder made open-market share purchases, while CSPC Pharma rose by 3.2% following the U.S. clinical trial approval for one of its products. Additionally, Alibaba Group saw a 1.9% rise ahead of its scheduled earnings announcement later in the day.

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