FX.co ★ Hang Seng Rallies to Near 4-Year High at Close

The Hang Seng Index experienced a significant upswing on Tuesday, climbing 408 points or 1.6% to settle at 25,538, marking its fourth consecutive session of gains and achieving its highest close in nearly four years. This rally was supported by widespread sector increases and positive sentiment ahead of an anticipated meeting in Stockholm next week between U.S. and Chinese officials, marking their third negotiation round to extend a tariff truce. Further bolstering market sentiment was a strong rise in U.S. futures following President Trump's announcement of a trade agreement with Japan, which includes imposing a 15% tariff on all goods, notably automobiles. Contributing to the optimistic mood were Beijing's initiatives to mitigate intense price competition and a massive hydropower dam project in Tibet. Additionally, it was reported that daily turnover in China's equity markets approached five-month highs with margin financing reaching its highest level in nearly four months. The technology sector index led the surge with a 2.5% increase, followed by consumer and financial stock gains. Noteworthy performers included Kuaishou Technology, which saw a 7.0% increase, Tencent rising by 4.9%, Kingdee International Software climbing 4.4%, and Meituan gaining 3.0%.