Hong Kong stocks surged 400 points or 1.7% to 24,091 in Tuesday morning trade, rising for the third straight session and hitting a one-week high. Sentiment was boosted by a rally in U.S. futures and easing geopolitical tensions after President Trump announced a tentative truce between Israel and Iran, starting around midnight Monday, Washington time. Markets also responded positively to comments from Fed Vice Chair Bowman, who, echoing Fed Waller’s remarks, signaled a possible rate cut as early as July. In China, the top legislature, known as the NPC Standing Committee, is meeting this week to review a draft revision to the anti-unfair competition law, aiming to curb intense online platform rivalry. Gains were broad-based, with all sectors climbing over 1%, after the strongest Stock Connect inflows in three weeks. SMIC soared 2.8% amid reports of possible new U.S. tech restrictions. Other early winners included China Hongqiao Group ( 5.3%), Li Auto (4.4%), and Techtronic Inds. (3.6%).