Hong Kong stocks maintained its gains on Monday, closing 2.4 percent higher, despite ongoing tariff uncertainties.
The benchmark Hang Seng Index ended the day at 21,417 points, up 502 points, with the full-day main board turnover amounting to HK$253.39 billion.
The indicator hovered around the 21,400-point bar in the afternoon after once climbing 2.88 percent to 21,517 in morning trading.
The Hang Seng Tech Index increased 2.34 percent, or 114 points, to 5,015 points, while the Hang Seng China Enterprises Index jumped 2.11 percent, or 164 points, to 7,965 points.
In mainland China, the Shanghai Composite Index saw a growth of 0.76 percent, or 24 points, to 3,262 points, and the Shenzhen Component Index gained 0.51 percent, or 49 points, to 9,884 points by the close.
The markets rallied on the suspension of US tariffs on electronics, but later cooled down after US President Donald Trump said he will announce the new duties on imported semiconductors over the week.
Xiaomi (1810), the most traded equity on Monday, dipped 2.37 percent to HK$43.20, while most Chinese tech giants recorded gains, with Alibaba (9988) rising 5 percent to HK$108.20.
Hong Kong Exchanges and Clearing (0388) posted a 6.9 percent jump to HK$334.00 after advancing as much as 7.55 percent at one point on the government’s determination in winning over US-listed mainland companies that face delisting risks.
STAFF REPORTER
