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The Hang Seng Index advanced 0.3 per cent to 26,525.55 as of 9.50am local time, adding to a 0.2 per cent gain a day earlier. The Hang Seng Tech Index added 0.8 per cent. On the mainland, the Shanghai Composite Index rose 0.2 per cent while the CSI 300 Index was little changed.
Online travel-booking agency Trip.com jumped 3 per cent to HK$591, while food-delivery company Meituan gained 2.7 per cent to HK$100.10. Electric-vehicle maker Li Auto rose 2.3 per cent to HK$99.90, while peer Geely Automobile Holdings gained 2.7 per cent to HK$18.95. Logistics firm ZTO Express added 1.6 per cent to HK$150.80.
Limiting gains, aluminium producer China Hongqiao Group slumped 3.6 per cent to HK$25.64, while pharmaceutical firm Wuxi AppTech slid 2.2 per cent to HK$109.30. E-commerce company JD.com dropped 1.2 per cent to HK$130.10, and Hong Kong developer Sun Hung Kai Properties lost 1 per cent to HK$95.85.
On Monday, US and Chinese officials reached a framework agreement to shift TikTok to US-controlled ownership, a breakthrough in fraught negotiations that will be confirmed in a Friday call between Trump and Xi.
The two sides “reached a basic framework consensus on properly resolving TikTok-related matters through cooperation, reducing investment barriers and promoting relevant economic and trade cooperation”, Chinese state-owned Xinhua News Agency reported on Tuesday.
