Hong Kong stocks rise slightly as excitement around Trump-Xi truce fades
** The market rallied strongly on Monday, after U.S. President Donald Trump and Chinese President Xi Jinping agreed to hold fresh tariffs for 90 days during which the two sides seek to address their differences.
** The sub-index of the Hang Seng tracking energy shares rose 0.4 percent, while the IT sector rose 0.47 percent, the financial sector ended 0.44 percent higher and the property sector dipped 0.37 percent. ** The top gainer on the Hang Seng was CSPC Pharmaceutical Group Ltd, which gained 2.1 percent, while the biggest loser was Sunny Optical Technology Group Co Ltd, which fell 2.09 percent. ** Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.07 percent, while Japan's Nikkei index closed down 2.39 percent. ** The yuan was quoted at 6.8417 per U.S. dollar at 08:31 GMT, 0.64 percent firmer than the previous close of 6.8855. ** The top gainers among H-shares were Haitong Securities Co Ltd up 4.36 percent, followed by ZhongAn Online P & C Insurance Co Ltd, gaining 3.04 percent and Air China Ltd, up by 2.13 percent. ** The three biggest H-shares percentage decliners were Postal Savings Bank of China Co Ltd, which was down 3.07 percent, Anhui Conch Cement Co Ltd, which fell 2.1 percent and China Vanke Co Ltd, down by 1.6 percent. (Reporting by the Shanghai Newsroom; Editing by Sunil Nair)
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