Hong Kong stocks rise on energy gains; China shares mixed

** China and Hong Kong energy indexes soared, tracking rising oil prices globally, after industry executives flagged concerns over oil supplies while demand from China is recovering as the economy recovers. ** China will strive to achieve full-year economic targets and push forward high-quality development, state media reported on Monday, citing Li Qiang, a Chinese Communist Party Politburo Standing Committee member.

Hong Kong stocks climbed on Tuesday, led by energy shares, amid global oil supply concerns and improving demand in China. China stocks were mixed. ** China's blue-chip CSI 300 was down 0.1% at the lunch break, while the Shanghai Composite Index gained 0.2%.

** Hong Kong's Hang Seng Index climbed 1.2%, and the China Enterprises Index added 1.3%. ** China and Hong Kong energy indexes soared, tracking rising oil prices globally, after industry executives flagged concerns over oil supplies while demand from China is recovering as the economy recovers.

** China will strive to achieve full-year economic targets and push forward high-quality development, state media reported on Monday, citing Li Qiang, a Chinese Communist Party Politburo Standing Committee member. ** China's exports in the January-February period again fell from a year earlier, customs data showed on Tuesday, while imports also decreased again and at a faster rate, reflecting a slowdown in the global economy and weak domestic demand.

** The CSI Energy index was up 2.6%, with CNOOC rising 8.0%, China Petroleum & Chemical 5.3% and PetroChina 3.8%. ** Meanwhile, shares of Chinese banks rose 1.4%. The rise in energy and financial stocks also came after the general manager of the Shanghai Stock Exchange called for an upward revaluation of central state-owned enterprises on Monday. Major energy and financial companies in China are predominantly state-owned.

** A similar trend was spotted in the Hong Kong market. Hang Seng's Hong Kong Energy index soared 4.3%, and financials index gained 1.6%. ** Tech giants in Hong Kong gained 0.4%, with Alibaba adding 3.6%. But Meituan lost 1.3%.

** Globally, investors are awaiting congressional testimony from Federal Reserve Chair Jerome Powell starting later in the day for clues on the central bank's next move on interest rates.