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Nikkei Markets

Hong Kong stocks near seven-week high as trade fears ease

Hopes lifted by Trump's tweets on engaging China in talks and help for ZTE

HONG KONG (Nikkei Markets) -- Hong Kong shares climbed to their highest level in almost seven weeks on Monday, as President Donald Trump's comments that the U.S. is working well with China on trade matters eased concerns of escalating tensions between the two nations.

The Hang Seng Index added 1.4% to 31,541.08, its highest close since March 20. Financial heavyweights were among the biggest contributors to Monday's advances. AIA Group rose 2.1% while China Construction Bank and Industrial & Commercial Bank of China added 1.8% and 2%, respectively. Tencent Holdings, due to report its March quarter results on Wednesday, rose 0.7%.

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