The Hang Seng rose 49 points or 0.23% to finish at 21,466 on Tuesday, extending its winning streak to a sixth session and holding at a two-month peak. U.S. tariff exclusions on specific electronics continued to support sentiment, which helped ease concerns about President Trump's reciprocal tariffs on China.

At the same time, U.S. futures were slightly higher after back-to-back gains on Wall Street S&P 500 Monday, with attention shifting to upcoming Q1 earnings results.

However, advances were capped as investors awaited more clarity on trade developments, particularly after the U.S. intensified probes into semiconductor imports.

Caution also emerged ahead of key Chinese economic data due Wednesday, including Q1 GDP, industrial production, retail sales, and the jobless rate. Financial and consumer stocks in Hong Kong increased modestly, while property shares saw muted moves. Notable gainers included H World Group (3.7%), Laopu Old (3.5%), Pop Mart Intl. (3.1%), and Mixue Group (2.3%).

Source: Trading Economics