Hong Kong stocks rise as US, China negotiators gear up for trade talks
Top trade negotiators from the US and China are scheduled to engage in talks in London on Monday
The Hang Seng Index rose 1.6 per cent to 24,181.43, its highest point since March 20. The Hang Seng Tech Index jumped 2.8 per cent. On the mainland, the CSI 300 Index added 0.3 per cent and the Shanghai Composite Index gained 0.4 per cent.
Online delivery giant Meituan rose 4.7 per cent to HK$148.40 and Kuaishou Technology, owner of a short video platform, advanced 5.6 per cent to HK$62.40 thanks to a strong outlook for its artificial intelligence product.
Other major tech stocks also performed well: JD.com added 4.1 per cent to HK$134 and Alibaba Group Holding, owner of the Post, rose 2.3 per cent to HK$119.30.
Top trade negotiators from the US and China were scheduled to engage in talks in London on Monday, raising hopes that tariff tensions could ease as both nations sought to bolster their economies.