Hong Kong and mainland markets rise, Hang Seng up 1.2% and Shanghai Composite up 0.97%, on hopes for Xi-Trump summit
Hong Kong and mainland stocks rose on Monday, led by technology and property shares, as investors hoped China and the United States would extend a trade truce when presidents Xi Jinping and Donald Trump meet this week. The benchmark Hang Seng Index rose 291 points, or 1.2 percent, to 25,042, while the Shanghai Composite Index ended up 38 points, or 0.97 percent, at 3,949. Tech shares gained after Vice Premier He Lifeng and US Treasury Secretary Scott Bessent concluded talks in New York on Sunday, where the US proposed a new AI safety notification mechanism. Goldman Sachs analysts noted that while a broad bilateral agreement appears unlikely, both sides will likely seek to maintain relative stability.
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Source:RTHK财经即时 · Source Link
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