FX.co ★ Hang Seng Jumps 1% at Finish

The Hang Seng Index advanced by 260 points, or 1.1%, to close at 24,148 on Tuesday, marking its first positive session in four days, buoyed by broad-based gains in technology, consumer, and financial sectors. Market sentiment improved after China's leadership committed to intensifying oversight on domestic firms' aggressive price cuts. Analysts suggest this could contribute to a recovery in producer prices and enhance long-term corporate profitability. The technology sector saw a significant uptick of about 1.8%, driven by several companies posting positive profit forecasts. Consumer stocks rallied amid optimism that subsidies from food delivery platforms in the city might stimulate stronger demand. Yet, these gains were tempered by renewed trade tensions following U.S. President Trump's warning of substantial tariff hikes slated for August 1. Investors maintained a cautious stance ahead of the release of China’s June Consumer Price Index (CPI) and Producer Price Index (PPI) data on Wednesday, especially after the disappointing figures reported in May. Among the top gainers were Chow Tai Fook Jewellery, rising by 4.4%, BYD Electronic at 3.3%, SMIC with 3.2%, and Meituan at 2.6%.