The Hang Seng jumped 387 points or 1.6% to close at 24,590 on Tuesday, rising for the fourth session and reaching its highest level in near four months. The index rebounded from early losses as all sectors advanced, led by a strong performance in tech and consumer stocks. The tech index surged 2.8%, buoyed by solid gains in Kuaishou Technology (3.8%), Meituan (3.5%), and Tencent Holdings (2.3%), after Nvidia expressed hopes to soon resume sales of its H20 general-purpose chips to China. Consumer, property, and financial stocks also rose, as concerns eased over the impact of U.S. tariffs on China’s economy. Official data showed China’s GDP grew 5.2% yoy in Q2 2025, slightly above forecasts of 5.1%, though marking the slowest pace in three quarters. Hopes also grew that the upcoming July Politburo meeting could bring fresh policy support to sustain growth. Other notable gainers included Sino Biopharmaceutical (4.8%), China Tower Corp. (3.9%), and Techtronic Industries (3.7%).