The Hang Seng rose 169 points, or 0.7%, to close at 26,028 on Tuesday, marking the second straight session of advances as most sectors were higher. Optimism grew on signs of easing U.S.-China trade tensions ahead of President Trump’s expected meeting with top leader Xi Jinping during an economic conference in South Korea next week. Sentiment was further boosted by bets that the Fed may cut interest rates in the next two meetings and by White House adviser Kevin Hassett’s remarks that the U.S. government shutdown could end this week. In China, weak Q3 GDP data fueled hopes of new stimulus measures as policymakers gather to outline the new 5-Year Plan before the December Politburo meeting. Still, gains narrowed later in the session amid caution ahead of key U.S. inflation data in coming days and a rise in Hong Kong’s jobless rate to 3.9% in July–September 2025 from 3.7%. CATL climbed 2.6% on strong earnings while XPeng (3.8%), Geely Auto (3.2%), and SMIC (2.7%) also logged solid rises.