Hong Kong stocks gained more than 1 percent by noon on Thursday after once climbing to as high as 23,865 points boosted by A-share market.
The benchmark Hang Seng Index recorded 23,729 points as of midday, up 246 points or 1.05 percent.
The indicator once dipped to 23,372 points amid US President Donald Trump’s new tariff announcement on car imports.
The main board turnover was HK$141.65 billion.
The Hang Seng Tech Index gained 1.34 percent, or 74 points, to 5,647 points.
Trump unveiled a 25 percent tariff on imported cars and light trucks starting next week, widening the global trade war he kicked off upon regaining the White House this year in a move auto industry experts expect will drive up prices and stymie production.
BYD (1211) rose 2.3 percent to HK$407.60 after once dropping to HK$394.20.
Xiaomi (1810) lost 2.8 percent to HK$52.45.
Semiconductor Manufacturing International (0981) surged 6.6 percent to HK$51.50 before the 2024 results announcement today.
ENN Energy (2688) climbed 8.2 percent to HK$64.35 after its major shareholder announced a privatization offer.
Alibaba (9988) rose 1.6 percent to HK$131.60, and Tencent (0700) increased 1.4 percent to HK$513.50.
In mainland China, the Shanghai Composite Index gained 0.31 percent, or 10 points, to 3,379 points, while the Shenzhen Component Index rose 0.42 percent, or 44 points, to 10,688 by midday.
STAFF REPORTER AND REUTERS
The Hang Seng Index recorded 23,729 points as of midday, up 246 points or 1.05 percent. Reuters
