Chinese and Hong Kong stocks rose on Thursday after US President Donald Trump paused many new tariffs for 90 days, but lagged behind gains in other major Asian markets, as China was excluded from the relief and faced a tariff hike to 125 percent.
Hong Kong’s benchmark Hang Seng Index pared earlier gains of over 900 points to end the morning session up 364 points, or 1.8 percent, at 20,628.
The Hang Seng China Enterprises Index rose 106 points, or 1.41 percent, to 7,641, while the Hang Seng Tech Index gained 2.36 percent, or 110 points, to close the morning at 4,800 points.
Turnover on the main board reached HK$245.41 billion on Thursday at midday, up 18 percent from Wednesday afternoon.
Trading via the southbound Stock Connect also rose 21.7 percent to HK$107.57 billion, though net inflows slumped 79 percent to just HK$3.52 billion.
In the mainland, the Shanghai Composite Index rose as much as 1.7 percent to 3,239 points before paring gains to close the morning session up 0.93 percent, or 29 points, at 3,216 points. The Shenzhen Component Index climbed as much as 3.6 percent and ended the half-day up 2.2 percent, or 209 points at 9,749 points.
STAFF REPORTER
