Upcoming US-China tariff truce talks lift HK stocks

Hong Kong stocks rose on Monday, with US and China set to resume talks on extending a tariff truce, boosting investor sentiment.

The benchmark Hang Seng Index closed up 173 points, or 0.68 percent, at 25,562.

Turnover declined 11.17 percent from the previous trading day to HK$250.2 billion. Southbound Stock Connect recorded a net inflow of HK$9.25 billion, down 54.15 percent.

The China Enterprises Index rose 26 points, or 0.29 percent, to 9,177. The Hang Seng Tech Index closed at 5,664 points, down 0.24 percent.

Tech stocks showed mixed performance, with Tencent (0700) rising 0.9 percent, Alibaba  (9988) up 2.2 percent, Meituan (3690) down 0.5 percent, Xiaomi (1810) slipping 1 percent, and Kuaishou Technology (1024) gaining 0.2 percent.

In the mainland, the Shanghai Composite Index closed up 4 points, or 0.12 percent, at 3,597, while the Shenzhen Component Index gained 49 points, or 0.44 percent, to 11,217.

STAFF REPORTER