Hong Kong stocks rose on Tuesday due to growing optimism over the potential easing of US-China trade tensions.
The Hang Seng Index climbed 0.7%, or 158.03 points, to end at 22,662.71. The Hang Seng China Enterprises Index added 0.37%, or 30.57 points, to 8,261.61.
US Treasury Secretary Scott Bessent hinted at the possibility of "substantial progress" on trade talks with China in the upcoming weeks, CBS News reported.
In addition, US President Donald Trump said he would slash China's current tariffs at some point, given that a fair deal is achieved.
Just last week, Beijing said it was evaluating the possibility of tariff negotiations with Washington as long as the US doesn't engage in "coercion and extortion."
Adding to the upbeat sentiment was the recent surge of visitors in Hong Kong. The tourism-reliant city welcomed roughly 1.1 million visitors during the five-day "golden week" holiday, up 22% from the year-ago period.
In corporate news, food delivery giant Meituan (HKG:3690) rose nearly 5% amid higher tourist activity over the recent holiday.
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