Hong Kong shares climbed 259 points, or 1.0%, to 25,977 in early trade on Tuesday, extending strength from the prior session after an overnight Wall Street rally. Sentiment improved as bets grew that the Fed may soon cut rates, while concerns over stretched AI valuations eased. Broad-based sector gains reflected a rebound in mainland markets, lifted by the PBoC’s plan to conduct a CNY 1 trillion MLF operation today, likely resulting in a net liquidity injection of about CNY 100 billion. Traders also anticipated potential policy cues from the Central Economic Work Conference in China next month. On the corporate side, Switzerland-based, Chinese-owned Syngenta reportedly is seeking a Hong Kong IPO. Still, upside was capped by caution ahead of Hong Kong’s October trade data and China’s industrial profit figures due later this week. Consumer and tech shares led the rise, up about 1.7% to 2%. Xiaomi jumped 5.0%, followed by Kuaishou (3.5%), Prada (3.5%), and China Hongqiao (3.4%).