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The Hang Seng Index rose 0.4 per cent to 26,455.74 as of 10.11am local time. The Hang Seng Tech Index dropped 0.1 per cent.
On the mainland, the CSI 300 Index slid 0.3 per cent and the Shanghai Composite Index retreated 0.2 per cent.
Aluminium smelter China Hongqiao Group surged 6.4 per cent to HK$29.44 and gold producer Zijin Mining Group rallied 3.9 per cent to HK$32.32. Ping An Insurance Group gained 3.2 per cent to HK$57.90 and HSBC Holdings added 2.1 per cent to HK$108.70.
Investors remained optimistic before the sit-down between Chinese President Xi Jinping and his US counterpart Donald Trump on Thursday in South Korea. The two leaders were widely expected to finalise a consensus deal reached by negotiators earlier this week, which may include an extension of a tariff pause and a rollback of restrictions on rare earth exports. They may also discuss the sale of TikTok’s US business and China’s purchase of American soybeans.
The Federal Reserve trimmed interest rates by a quarter of a percentage point to lower the policy rate to a range of 3.75 per cent to 4 percent overnight.
