Hong Kong stock rally extends as investors bet on US-China trade agreement

Hong Kong stocks extended a rally on Tuesday as investors continued to bet on easing US-China trade tensions.

The Hang Seng Index rose 1.7 per cent to 26,290.48 as of 11am. The Hang Seng Tech Index surged 2.7 per cent.

On the mainland, the CSI 300 Index rose 1.4 per cent and the Shanghai Composite Index added 0.9 per cent.

Semiconductor Manufacturing International jumped 5.7 per cent to HK$75.85, smartphone camera-module maker Sunny Optical Technology Group added 4.9 per cent to HK$82.45 and China Life rose 6.9 per cent to HK$25.14.

Making its trading debut, JST Group, a provider of software for enterprise resource planning in e-commerce, surged 22.9 per cent to HK$37.60.

On the negative side, Chinese toymaker Pop Mart slid 5.5 per cent to HK$257.20, China Telecom lost 1.4 per cent to HK$5.60 and China Shenhua Energy slipped 1.1 per cent to HK$40.76.

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