Hong Kong stocks ended higher Tuesday after both the U.S. and China agreed to extend a tariff truce and investors evaluated corporate earnings.

The Hang Seng Index rose 62.87 points, or 0.25%, to 24,969.68, while the Hang Seng China Enterprises Index gained 28.77 points, or 0.32%, to 8,916.85.

Beijing and Washington agreed to another 90-day truce that averts triple-digit tariffs. China on Tuesday suspended the 24% additional tariffs on some of the US imports for 90 days, while maintaining the additional 10% tariff rate.

Meanwhile, US President Donald Trump extended a truce on tariffs imposed against China for another 90 days. Washington's reciprocal 10% tariffs against China remain in effect even during the suspension of tariffs, set to last until Nov. 10.

In corporate news, The Wharf (Holdings) (HKG:0004) reported earnings that fell short of expectations. The property developer reported HK$0.18 in diluted earnings per share for the six months ended June 30 on revenue of HK$5.67 billion, below the Visible Alpha estimates of HK$0.74 and HK$6.72 billion, respectively.

Shares closed 0.8% lower.

Galaxy Entertainment Group (HKG:0027) also missed estimates after reporting EPS of HK$1.195 on revenue of HK$23.25 billion, versus expectations of HK$1.14 on sales of HK$23.31 billion.

Shares rose nearly 2%.