24.03.202602:07:11UTC+00Hong Kong Markets Bounce Back from Near 8-Month Low

Hong Kong stocks rose 305 points, or 1.3%, to 24,686 in Tuesday morning trade, snapping a three-day losing streak as bargain hunters moved in after the market touched a near eight-month low. The rebound mirrored gains across Asia after U.S. President Donald Trump postponed strikes on Iran’s power grid, easing concerns over a deeper energy shock.

Sentiment was further supported by comments from Chinese Premier Li, who pledged to increase imports of high-quality foreign goods and promote more balanced trade, while PBoC Governor Pan Gongsheng sought to allay worries about China’s trade surplus. Even so, investors remained cautious ahead of Hong Kong’s February trade data, following December’s shift into deficit.

Financial and property stocks led the advance. Laopu Gold jumped nearly 10% on stronger‑than‑expected first-quarter results, while Zijin Gold International gained 2% on higher sales and firmer prices. China Hongqiao climbed 4.2% amid optimism over the aluminum sector. Other notable gainers included China Resources Beer (up 5.2%), Pop Mart International (4.3%), and SITC International (3.6%).