Optimism over tech earnings has risen after JD.com. reported robust results for the March quarter. That’s helped revive appetite for local shares after easing US-China trade tensions damped hopes for more stimulus from Beijing.
Chinese shares rose before earnings announcements by key tech firms, with sentiment also boosted by a positive report on Contemporary Amperex Technology’s offering.
The Hang Seng China Enterprises Index climbed 2.5%, recouping losses from the previous session. Tencent Holdings, Xiaomi Corp and Alibaba Group Holding were the biggest contributors to the gauge’s gains. The onshore benchmark CSI 300 Index rose 1.2%.
