SHANGHAI, May 14 (Reuters) - Hong Kong stocks rose on Wednesday, led by tech shares, as easing U.S.-China trade tensions bolstered sentiment, while investors shifted their focus to corporate earnings.

China stocks edged up on the day.

** China's blue-chip CSI300 Index .CSI300 was up 0.3% by the lunch break, while the Shanghai Composite Index .SSEC gained 0.2%. Hong Kong benchmark Hang Seng .HSI was up 1.4%.

** The U.S. will cut the "de minimis" tariff for low-value shipments from China to as low as 30%, further de-escalating a potentially damaging trade war between the world's largest economies.

** Chinese stocks have recovered all their losses, triggered by U.S. President Donald Trump's punitive tariff measures imposed on April 2.

** "With the most extreme uncertainties out of the way, we think fundamentals will be a more important driver of share price performances going forward and it is time to dial-up the risk setting," said UBS strategist James Wang.

** An agreement between U.S. and Chinese officials after weekend talks in Geneva led to a rally in global markets on Monday.

** Wang favored the internet sector and shares traded in Hong Kong over those listed in mainland China.

** Tencent 0700.HK and Alibaba 9988.HK rose 2% and 1.6%, respectively, on Wednesday as investors awaited their earnings to see if the results could help spark another tech rally. Tencent's results are due later in the day and Alibaba's on Thursday.

** Tech majors in Hong Kong .HSTECH rose 1.4% and have climbed nearly 20% year-to-date.

** E-commerce retailer JD.com 9618.HK jumped 2.7%, after the company reported quarterly revenue that surpassed market expectations.

** Tencent Music Entertainment's 1698.HK shares surged 13%, after it surpassed first-quarter revenue expectations on Tuesday.

(Reporting by Shanghai Newsroom; Editing by Sonia Cheema)

((li.gu@tr.com))