The Hang Seng Index rose 0.6%, or 145 points, to 24,354 on Tuesday, rebounding from morning losses as investors digested stronger-than-expected China trade data. June exports and imports both exceeded forecasts, pointing to resilient external demand. Sentiment was also supported by optimism over Hong Kong's IPO pipeline, though gains remained capped by geopolitical tensions and elevated oil prices. Shein stayed in focus after Executive Chairman Donald Tang stepped down ahead of its planned Hong Kong IPO, with founder and CEO Sky Xu assuming the chairman role. While the change is not expected to derail the listing, investors are watching corporate governance developments closely. Attention now turns to China's second-quarter GDP and other key economic data due on Wednesday. Among the top gainers were Kingboard Laminates (13.7%), China Hongqiao (7.1%), Kuaishou (2.8%), Shanghai Iluvatar CoreX (1.6%), and Meituan (1.4%).