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The Hang Seng Index added 0.4 per cent to 25,938.43 at the market open, extending Monday’s 1.5 per cent advance. The Hang Seng Tech Index gained 0.5 per cent. On the mainland, the CSI 300 Index added 0.3 per cent and the Shanghai Composite Index was little changed.
E-commerce giant Alibaba Group Holding climbed 0.9 per cent to HK$135.20 and WeChat operator Tencent Holdings rose 0.8 per cent to HK$563. Property developer Sun Hung Kai Properties added 2.6 per cent to HK$135.90, and smartphone and electric vehicle maker Xiaomi added 0.6 per cent to HK$35.40.
Limiting gains, search-engine operator Baidu slumped 2.8 per cent to HK$119.50 and online travel-booking agency Trip.com lost 0.3 per cent to HK$410.
Overnight in the US, major benchmarks climbed on hopes that more tankers would be able to pass through the Strait of Hormuz. The S&P 500 Index added 1 per cent while the Nasdaq climbed 1.2 per cent and the Dow added 0.8 per cent. Brent Crude traded around US$102 a barrel on Tuesday morning after falling 2.9 per cent in the previous session.
