Hong Kong stocks surged 259 points, or 1.3%, to 20,143 during Tuesday morning trade, marking a second straight session of gains.
The gains followed a rally in U.S. tech stocks that boosted Wall Street overnight. The Hang Seng hit its highest level in more than a week, with gains across all sectors as mainland markets reversed losses from the previous session.
Investors eagerly increased their positions following reports that U.S. President-elect Trump said in a speech that he opposed the idea of popular social media app TikTok leaving the U.S. market.
Further gains were capped by a shortened trading day ahead of the Christmas holiday. Among the session's biggest movers were BYD Electronic Intl. (5.3%), Xiaomi Corp. (3.6%), PICC Property & Casualty (3.2%), and China Resources Land (3.1%).
Source: Trading Economics
