Hong Kong shares rally on the expected de-escalation of Iran war

Hong Kong stocks rose by midday on Tuesday as the US signals to de-escalate the Middle East conflict.

The benchmark Hang Seng Index rose 396 points, or 1.56 percent, to 25,804.

The Hang Seng Tech Index increased 1.4 percent to 5,010.

In mainland China, the Shanghai Composite Index inched up 0.39 percent to 4,112, while the Shenzhen Component Index rose 1.57 percent to 14,288.