Hong Kong stocks closed higher on Tuesday, as investors geared up for a high-level government meeting in China that will set the tone for economic policies in the second half.

The Hang Seng Index rose 0.5%, while the Hang Seng Tech Index added 0.4%.

In terms of star stocks, BYD rose 5%; NIO rose 4%; SMIC and Mixue rose 3%; CATL, Pop Mart, and Kuaishou rose 2%; Baidu rose 1%; Tencent rose 0.9%; Xiaomi rose 0.4%; while Li Auto and Bilibili fell 2%; Laopu Gold and Meituan fell 1%.

Investors are waiting for fresh catalysts that can further power the run-up. Eyes will be on a Politburo meeting later this month convened by President Xi Jinping, which will offer more insights into how the government will steer the world’s second-largest economy to contend with tariff strife and the struggling property market.

Expectations are swirling that policymakers at the conference will reiterate the case for cutting unneeded capacity in emerging industries including solar panels, electric vehicles and lithium batteries to reverse a lingering decline in producer prices.