HK Stocks Extend Rally. HSTECH Index Soars 2.3%; XPeng, Xiaomi, Horizon Robot, KingSoft up 4%; Alibaba, Li Auto, JD.com up 3%; Tencent up 2%; Meituan up 1%.

Market Express

05-02

Hong Kong stock market continued to rise higher on Friday. The Hang Seng Index rose 1.23%, the National Enterprise Index rose 1.27%, the Hang Seng Technology Index rose 2.27%.

China said it is assessing the possibility of trade talks with the US, the first sign since Donald Trump hiked tariffs last month that negotiations could begin between the two sides.

XPeng, Xiaomi, Horizon Robot, KingSoft up 4%; Alibaba, Li Auto, JD.com up 3%; Tencent up 2%; Meituan up 1%.

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