The Hang Seng rose 174 points or 0.7% to close at 25,562 on Monday, rebounding from losses in the prior session amid broad-based gains, led by financials and property stocks. Sentiment improved as the U.S. and China were set to resume trade talks in Stockholm, with reports suggesting a likely three-month extension of their tariff truce. Markets were near their highest in four years, lifted by news about the U.S.–EU trade deal, which set a 15% tariff on most EU goods, half the previously threatened rate. However, gains were capped by caution ahead of Hong Kong’s June trade data due later today and some key U.S. risk events this week, including Big Tech earnings, the Fed’s rate decision, and Trump’s August 1 tariff deadline. In China, July PMI data is also set to be released. China Tobacco Intl. surged 13.0% after saying China's draft regulation regarding Tobacco will not affect its export business. Other top winners included Hansoh Pharma (5.7%), AIA Group (4.8%), and HKEX (3.0%).