14.10.202502:22:55UTC+00Hong Kong Shares Edge Higher After Six-Session Slide

In early Tuesday trading, Hong Kong stocks climbed by 66 points, or 0.25%, reaching 25,956, as the market strove to rebound from six consecutive days of losses. This upward movement was bolstered by a robust rally in the U.S. stock market overnight, alongside comments from U.S. Treasury Secretary Scott Bessent, affirming that President Trump is on schedule to meet with Xi Jinping in South Korea later this month. Investors were further encouraged by unexpectedly strong Chinese trade data for September, with significant rises in both exports and imports ahead of the November 9 deadline marking the end of the current 90-day tariff truce. All market sectors experienced growth, driven by gains in financials and property stocks, which mirrored trends in mainland markets. Notably, Geely Auto advanced 2.6% following authorization for debt financing instruments. Gold-related stocks also benefitted from unprecedented bullion prices, with Zhaojin Mining Industry up 4.7%, China Gold International Resources rising 3.1%, and Laopu Old increasing by 2.8%. Nonetheless, anticipation of China's upcoming September credit figures, alongside forthcoming CPI and PPI data, introduced a degree of caution that limited further gains.