Hong Kong stocks rose on Tuesday, joining a global market rebound triggered by hopes that a damaging trade war between the United States and China could be averted. The abrupt mood swing came amid reports Chinese and US officials were busy negotiating to avert an all-out trade war. The Hang Seng index rose 0.8 percent to 30,790.83, while the China Enterprises Index gained 0.9 percent to 12,301.55 points.
The sub-index of the Hang Seng tracking energy shares gained 0.1 percent, while the IT sector rose 1.46 percent, the financial sector was 0.45 percent higher and property sector climbed 0.99 percent. The top gainer on Hang Seng was China Unicom Hong Kong Ltd, which climbed 5.47 percent, while the biggest loser was WH Group Ltd, which ended 3.24 percent down. The top gainers among H-shares were Sinopharm Group Co, which rose 5.85 percent.
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