China and Hong Kong stocks rose on Tuesday, recovering from a sharp selloff, bolstered by rebounds in regional markets and government-backed support amid growing concerns over trade tariffs.
Hong Kong’s benchmark Hang Seng Index climbed 312 points, or 1.6 percent, to 20,140 by the midday break.
The Hang Seng Tech Index surged 3.6 percent, or 156 points, to 4,558 by midday, after briefly jumping as much as 6 percent at one point in the morning session.
Turnover on the main board reached HK$226.6 billion.
JD.com (9618) jumped 7.67 percent to HK$136.10 at midday, making it the top gainer among blue-chip stocks.
Horizon Robotics (9660) was the top performer on the tech gauge, surging 11 percent to close at HK$5.13.
Mainland Chinese shares also edged higher by midday following a sharp sell-off the previous day, as a flurry of buyback and stake-boost announcements by listed companies helped lift sentiment.
Combined turnover in Shanghai and Shenzhen reached 1.03 trillion yuan (HK$109.52 trillion).
The Shanghai Composite Index rose 0.91 percent, or 28 points, to 3,124 points by midday, regaining the 3,100 level, with a turnover of 453.6 billion yuan. The Shenzhen Component Index edged up 0.42 percent, or 39 points, to 9,404 points, with turnover reaching 572.7 billion yuan.
STAFF REPORTER
The Hang Seng Index climbed 312 points, or 1.6 percent, to 20,140 points. Sing Tao
