Hong Kong stocks made tentative gains in early trade on Tuesday as investors bet on increased policy support from Beijing amid China’s sluggish economic data and trade frictions with the European Union.
The Hang Seng Index rose 0.2 per cent to 17,979.80 at 10am local time. The Hang Seng Tech Index added 0.6 per cent while the Shanghai Composite Index advanced 0.5 per cent.
Despite the weak credit and property investment numbers, the People’s Bank of China (PBOC) kept the one-year medium-term lending facility rate unchanged on Monday, triggering calls for Beijing to inject more support…
