Feb 23, 2026, 11:49 GMT+7
Reuters - Hong Kong stocks jumped on Monday, led by tech and mainland shares listed in the city, as China is set to receive lower tariffs after the U.S. Supreme Court ruling.
** By the noon trading break, the benchmark Hang Seng Indexadvanced 2.3% to 27,019.21, the strongest level since Feb 12.
** The Hang Seng China Enterprises Indexwhich tracks major mainland firms listed in the city, bounced 2.5%, on track for its best single-day gain in a month.
** Sentiment was largely upbeat following the U.S. Supreme Court's decision on Friday to strike down Donald Trump's sweeping tariffs, which China is making "full assessment" of.
** China should see the largest tariff reduction as it faces the highest tariff rates at the outset, declining to 24% from 32%, according to analysts at Morgan Stanley.
** U.S. President Donald Trump will travel to China from March 31 to April 2 for a highly anticipated meeting between the leaders of the world's two biggest economies.
** "The U.S. tariff ruling and Trump's finalized China visit schedule is lending a support to risk appetite," Zhang Qiyao, chief strategy analyst at Industrial Securities, wrote in a note.
** "Although Trump may seek other tariff tools as substitutes which could still bring some uncertainty, the risk of sharp twists in U.S.-China relations will be relatively controllable in near term ahead of his visit," he added.
** The Hang Seng Tech Indexrallied as much as 4% to rebound from a seven-month low struck in the Friday trading session amid renewed optimism towards China's AI developments.
** Alibabajumped 3.6% and Tencentrallied 3.3%. Chipmaker SMIC surged 4.6%, the best gain in nearly two months.
** Investors are also digesting early data releases for the Chinese New Year holiday period, which delivered a "broadly firm" demand signal, with upbeat retail sales, resilient travel and improved home sales, according to Citi analysts.
** "With the economy off to a steady start, market focus will shift to the NPC starting March 5th," they wrote in a note.
** Around the region, MSCI 's broadest index of Asia-Pacific shares outside Japan was up 1% in light trade.

Sumber : Reuters