The Hang Seng surged 681 points, or 2.8%, to end at 25,064 on Tuesday, halting a three-day losing streak with broad sector gains as bargain hunters entered after local markets hit their lowest since early August. Sentiment also improved after U.S. President Trump cited “productive” talks with Iranian officials, despite Tehran denying negotiations. Meantime, mainland stocks rebounded on reports that China would halve planned fuel price hikes to ease the burden on drivers. Further, PBoC Governor Pan Gongsheng pledged to maintain a supportive policy to foster stable growth and financial market stability. However, caution emerged ahead of Hong Kong’s February trade data following December’s swing to a deficit. Alibaba Hong Kong jumped 3.3% after unveiling a next-gen chip for agentic AI. Meantime, China Resources Beer jumped 8.2% on stronger sales, while Li Ning gained .44% on upbeat guidance. Cathay Pacific added 1.7% after extending flight cancellations to Dubai and Riyadh through May.