0755 GMT - Chinese tech and auto companies surge in Hong Kong as news of a U.S.-China deal to lower tariffs buoys sentiment. The benchmark Hang Seng Index extends gains to 2.7% in afternoon trade, on track for its best close in over two months. Temporary relief that tariffs will be eased on goods like electronics and tech is lifting shares of companies like Apple supplier Sunny Optical, which is up 17%. Lenovo, the world's largest PC maker, jumps 11%. BYD increases 7.2% and Li Auto puts on 7.3%. Alibaba rises 5.6% and Tencent is 4.3% higher. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
May 12, 2025 03:56 ET (07:56 GMT)
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